(Reuters) – Boston-based regional banks Berkshire Hills Bancorp and Brookline Bancorp are in merger talks, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
The deal would merge the two banks, which each has about $12 billion in assets, and could be announced as soon as next week, according to WSJ.
Brookline has a market cap of $1.12 billion, and Berkshire Hills has a market cap of $1.3 billion, according to LSEG data as of Friday.
Berkshire Hills and Brookline did not immediately respond to a request for comment on the merger.
(Reporting by Chandni Shah in Bengaluru; editing by Diane Craft)
