Boston-based regional banks Berkshire Hills Bancorp and Brookline Bancorp, each with approximately $12 billion in assets, are in advanced merger discussions, according to the Wall Street Journal. The deal, which could be announced as early as next week, would combine the two institutions.
As of Friday, Berkshire Hills had a market capitalization of $1.3 billion, while Brookline’s market cap stood at $1.12 billion. Neither bank has commented on the report.
