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(Reuters) – Boston-based regional banks Berkshire Hills (NYSE:BHLB) Bancorp and Brookline Bancorp (NASDAQ:BRKL) are in merger talks, the Wall Avenue Journal reported on Saturday, citing individuals accustomed to the matter.
The deal would merge the 2 banks, which every has about $12 billion in belongings, and could possibly be introduced as quickly as subsequent week, in line with WSJ.
Brookline has a market cap of $1.12 billion, and Berkshire Hills has a market cap of $1.3 billion, in line with LSEG knowledge as of Friday.
Berkshire Hills and Brookline didn’t instantly reply to a request for touch upon the merger.
