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