Beacon Bank & Trust
Beacon Bank & Trust is an FDIC-insured commercial bank headquartered in Boston, MA, supervised by the Federal Reserve, with $21.83B in total assets at Q3 2026, down 4.2% from Q3 2025, the 4th largest of 89 banks headquartered in Massachusetts. It was established in 1871 and holds FDIC certificate 17798. Its CET1 capital ratio was 12.03% at Q3 2026, above regulatory requirements.
Also written as BB&T
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Data as of · sourced from FFIEC call reports. How we update
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 17798
- Headquarters
- Boston, MA
- Established
- 1871
- Total assets, Q3 2026
- $21.83B
- Assets vs Q3 2025
- -4.2%
- CET1 ratio, Q3 2026
- 12.03%
- Domestic offices
- 151 branches
- Routing number
- 211371489
- Safety and soundness
- Is Beacon Bank & Trust safe?
- Latest call report
- Q3 2026, FFIEC 041 · Beacon Bank & Trust call report
- Holding company
- BEACON FINANCIAL CORPORATION
- Asset rank in state
- 4th of 89 in Massachusetts
Problem loans are rising at Beacon Bank & Trust. Based in Boston, Massachusetts, it had $21.8 billion in assets at September 30, 2026, down 4.2% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.00% of loans from 0.61% a year earlier. It holds commercial real estate loans worth 3.3 times its capital, higher than about 9 in 10 of the 124 banks with $10 billion to $100 billion in assets (median 2.2 times). It also shrank its loan book 3.7% over the year, lower than about 9 in 10 banks its size (median 6.5%).
The non-owner-occupied commercial real estate book ($5.2 billion) is worsening: 2.55% of it is past due or on nonaccrual, up from 0.64% a year earlier. Credit is the area to watch: it carries problem assets equal to 7.8% of the capital and reserves that would absorb them, about double the median of 4.3% for banks its size.
As of September 30, 2026, Beacon Bank & Trust reported a CET1 capital ratio of 12.03%, a return on assets of 1.19%, a nonperforming-loan ratio of 1.07% and a Texas ratio of 7.80%. The figures come from its call report filed with the FFIEC.
Beacon Bank & Trust ranks as the 4th largest of the 89 banks based in Massachusetts, by total assets at Q3 2026. Between Q2 2026 and Q3 2026, its total assets fell 1.7% to $21.83B, loans fell 1.0% and deposits fell 1.1%. The largest part of its loan book on September 30, 2026 was non-owner-occupied commercial real estate loans, at 29.2% of total loans, ahead of commercial and industrial loans at 21.4%. The FDIC Summary of Deposits lists 150 offices for it, in 114 cities across 5 states; its Boston 5 offices book 21% of its branch deposits. By the capital ratios in its Q3 2026 call report, Beacon Bank & Trust meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 131 Clarendon St, Boston, MA 02116
- County
- Suffolk
- Metro Area
- Boston-Cambridge-Newton, MA-NH
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 1, Boston
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- 1871
- Former names
- Beacon Bank and Trust (2025); Brookline Bank (2003-2025); Brookline Savings Bank (1975-2003)
- Domestic offices
- 151 branches
- Employees (FTE)
- 1,934
- Domestic deposits
- $18.45B
- Allowance for credit losses
- $233.2M
- Net charge-offs (YTD)
- $41.3M
- Average total assets
- $22.12B
- Average total loans
- $17.61B
- Average interest-bearing deposits
- $14.50B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- September 3, 1957
- FDIC Cert
- 17798
- Fed RSSD
- 782306
- SEC CIK
- 1108134 → filed by BEACON FINANCIAL CORPORATION
- Website
- www.beaconbank.com →
- Parent Holding Company
- BEACON FINANCIAL CORPORATION (RSSD 2333663) · BBT
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Paul A Perrault | CEO | President and CEO |
| Carl M Carlson | CFO | CFO & Chief Strategy Officer |
| Sean Gray | COO | Chief Operations Officer |
| Eagan John Buckley | GC | General Counsel |
| Mark J. Meiklejohn | CCO | Chief Credit Officer |
| Gregory D Lindenmuth | CRO | EVP and Chief Risk Officer |
Profitability
Q3 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
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Ratios tagged annualized use the Q3 income alone. The UBPR and FDIC annualize the year to date instead. How we compute these figures
Quarterly trends
Beacon Bank & Trust's total assets moved between a low of $6.16B (Q2 2025) and a high of $23.18B (Q4 2025) from Q4 2023 to Q3 2026, and it earned a profit in 11 of the 12 quarters. The line under each chart compares Q3 2026 with Q3 2025. How these charts are built
$21.83B total assets against $22.78B; $19.32B total liabilities against $20.38B.
$17.42B net loans and leases against $18.07B; $18.45B total deposits against $19.09B.
$1.96B securities against $1.74B; $770.4M cash and balances due against $1.23B.
$298.7M total interest income against $357.7M; $96.7M total interest expense against $144.9M.
$202.1M net interest income against $212.8M.
$26.6M total noninterest income against $17.8M; $132.2M total noninterest expense against $183.4M.
$8.9M provision for credit losses against $87.6M.
$65.6M net income against -$27.6M.
1.19% return on assets against -0.71%; 3.95% net interest margin against 5.75%.
12.03% CET1 capital ratio against 10.55%; 9.98% tier 1 leverage ratio against 12.96%.
Inside the full Beacon Bank & Trust terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans exceed 300% of total capital, the threshold at which the 2006 interagency guidance flags a bank for heightened supervisory scrutiny. CRE concentration has been the central stress vector for regional banks since 2023. 2006 Interagency CRE Concentration Guidance (SR 07-1).
Beacon Bank & Trust rankings
Its closest position to the top of a national ranking is 97 of 4,193, for total assets; its furthest is 1,646 of 2,021, for CET1 ratio.
Banks merged into Beacon Bank & Trust
- PCSB Bank, effective September 2, 2025
- Berkshire Bank, effective September 2, 2025
- Bank Rhode Island, effective September 2, 2025
Quarterly trend: last 8 quarters
Across the 8 quarters to Q3 2026, its return on assets ran from -0.71% (Q3 2025) to 1.91% (Q4 2025) and its net interest margin ran from 3.21% (Q4 2024) to 5.75% (Q3 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q3 2026 | 12.03% | 1.19% | 1.07% | 7.80% | 3.95% |
| Q2 2026 | 11.77% | 1.22% | 0.90% | 6.52% | 3.84% |
| Q1 2026 | 11.47% | 0.92% | 0.86% | 6.32% | 3.78% |
| Q4 2025 | 11.22% | 1.91% | 0.84% | 6.71% | 3.86% |
| Q3 2025 | 10.55% | -0.71% | 0.67% | 5.27% | 5.75% |
| Q2 2025 | 11.04% | 0.74% | 1.28% | 10.52% | 3.38% |
| Q1 2025 | 10.88% | 0.73% | 1.02% | 8.62% | 3.24% |
| Q4 2024 | 10.47% | 0.85% | 0.82% | 7.20% | 3.21% |
Swipe the table sideways to see every column.
Branch Network
View all 150 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Beacon Bank and Trust | Boston , MA | 02116 | $3.71B |
| Bank Rhode Island Branch | Providence , RI | 02903 | $432.8M |
| Collidge Corner Branch | Brookline , MA | 02446 | $420.4M |
| Pittsfield Branch | Pittsfield , MA | 01201 | $311.6M |
| Newton Centre Branch | Newton , MA | 02459 | $277.1M |
| Commerce Br | Worcester , MA | 01608 | $270.3M |
| Pcsb Branch | Brewster , NY | 10509 | $261.8M |
| Medford Square Branch | Medford , MA | 02155 | $240.7M |
| East Providence Branch | East Providence , RI | 02914 | $238.9M |
| Black River Boulevard Branch | Rome , NY | 13440 | $218.3M |
| Brookline Village Branch | Brookline , MA | 02445 | $218.2M |
| Park Avenue Branch | Cranston , RI | 02910 | $206.8M |
| Jefferson Valley Branch | Jefferson Valley , NY | 10535 | $199.1M |
| Somers Branch | Somers , NY | 10589 | $195.6M |
| Mahopac Branch | Mahopac , NY | 10541 | $192.1M |
| Washington Square Branch | Brookline , MA | 02445 | $188.3M |
| West Roxbury Branch | West Roxbury , MA | 02132 | $186.5M |
| South Brookline Branch | Chestnut Hill , MA | 02467 | $168.5M |
| Westfield Court Street Branch | Westfield , MA | 01085 | $163.0M |
| Pawling Branch | Pawling , NY | 12564 | $161.6M |
| Elm Street Branch | Pittsfield , MA | 01201 | $159.4M |
| Pittsfield-Allendale Branch | Pittsfield , MA | 01201 | $156.2M |
| 265 Jefferson Blvd Branch | Warwick , RI | 02888 | $144.5M |
| Waltham Branch | Waltham , MA | 02452 | $143.7M |
| Wakefield Branch | Wakefield , RI | 02879 | $143.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| September 2, 2025 | Structure Change | Acquired PCSB Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 2, 2025 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 15, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| February 15, 2020 | Structure Change | Acquired First Ipswich Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 1, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 2018 | Structure Change | Acquired First Commons Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 8, 2005 | Structure Change | Acquired Medford Co-operative Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 7, 2005 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2001 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 17, 2001 | Structure Change | Acquired Lighthouse Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 15, 1991 | Structure Change | Acquired Coolidge Corner Co-Operative Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| March 14, 1991 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 12 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 2 against the institution (OCC (former OTS))
- August 7, 2009, OCC (former OTS): Termination of Cease and Desist: Brookline Bank and its subsidiaries, including Eastern Funding LLC
- February 20, 2009, OCC (former OTS): Cease and Desist: Brookline Bank
- Period: Most recent institution action August 7, 2009. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 1.7% of deposits in MA, rank 8 of 112 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 1,281 applications, 797 loans originated, $416.5M originated, across 10 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 243 loans, $250.3M approved, $1.0M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Consumer complaints
- 39 complaints in the last 4 full quarters. Raw counts, not adjusted for size
- Period: 2025-Q4 to 2026-Q3. Source: CFPB consumer complaint database.
- Not on file
- CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Beacon Bank & Trust
What are Beacon Bank & Trust's total assets?
As of the Q3 2026 filing, Beacon Bank & Trust reported total assets of $21.83 billion in its FFIEC call report.
Where is Beacon Bank & Trust headquartered?
It is headquartered in Boston, MA, United States.
When was Beacon Bank & Trust founded?
It was established in 1871, per the FDIC institution directory.
Is Beacon Bank & Trust FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #17798). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Beacon Bank & Trust?
Beacon Bank & Trust's primary federal regulator is the Federal Reserve.
What is Beacon Bank & Trust's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.03% in its Q3 2026 call report, above regulatory requirements.
How many branches does Beacon Bank & Trust operate?
It operates 151 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Beacon Bank & Trust's Texas Ratio?
Its Texas Ratio is 7.80% in its Q3 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures nonperforming assets against the bank's capital and reserves.
What was Beacon Bank & Trust previously called?
The charter now named Beacon Bank & Trust has also operated as Beacon Bank and Trust (2025), Brookline Bank (2003-2025), Brookline Savings Bank (1975-2003), per FDIC structure-change records.
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