Beacon Financial Corporation completed the issuance and sale of $175 million in aggregate principal amount of 6.25% Fixed-to-Floating Rate Subordinated Notes due 2036 on August 20, 2026. The company estimates net proceeds of approximately $171.8 million after deducting underwriting discounts and offering expenses. These funds are intended to redeem the outstanding $75 million aggregate principal amount of 6.0% Fixed-to-Floating Rate Subordinated Notes due 2029, which were assumed from Brookline Bancorp, Inc., plus accrued interest. The redemption of the 2029 Notes is scheduled for September 15, 2026, at a price equal to 100% of the principal amount plus accrued and unpaid interest. Beacon Financial Corporation operates in the banking industry as a financial holding company.

Beacon Financial Corporation announced the retirement of Wm. Gordon Prescott as General Counsel and Corporate Secretary, effective July 31, 2026, following more than 18 years of service. John B. Eagan was appointed to succeed him in both roles, effective August 1, 2026. The Board also adopted a 'Good Leaver' Policy governing equity award treatment upon retirement for eligible management and key employees. This leadership transition reflects a succession plan established over a year ago as part of the company's merger agreement and integration strategy. Beacon Financial Corporation is the holding company for Beacon Bank, a full-service regional bank serving the Northeast with $22.3 billion in assets.

Beacon Financial Corporation reported second quarter 2026 net income of $64.4 million, or $0.77 per share, compared to $46.2 million in the prior quarter and $22.0 million a year ago. The company announced a regular quarterly cash dividend of $0.3225 per share, payable on August 28, 2026, to stockholders of record on August 14, 2026. Total assets reached $22.3 billion, with net interest income increasing to $193.2 million and non-interest expense decreasing to $127.3 million as merger costs ceased. Beacon Financial Corporation operates in the banking industry as a regional bank holding company serving the Northeast.

Beacon Financial Corporation announced its intention to propose an amendment to its Charter at the next annual meeting of stockholders. The proposed change would allow directors to be removed with or without cause by a majority vote of outstanding shares, aligning with Section 141(k) of the Delaware General Corporation Law. The Board decided against calling a special meeting to amend the Charter to avoid unnecessary costs. Beacon Financial Corporation is a financial services company.