BROOKLINE, Mass. —

When the parent corporations of Berkshire Bank and Brookline Bank complete their planned merger later this year, the banks will become known by a new name.

Beacon Bank & Trust, or just Beacon Bank, will become the name after the deal is completed within the next few weeks, the companies announced.

This name was chosen to reflect a shared vision of "guidance, strength, and a promise of stability — core principles that the legacy institutions have upheld for generations," company officials said.

Brookline Bancorp is the parent company of Brookline Bank, Bank Rhode Island and PSCB Bank. Paul Perrault, the chairman and CEO of Brookline Bancorp, will serve as CEO of the newly combined company.

"Our merger of equals will create a powerful financial institution with deep l

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