Beacon Financial Changes Auditors to PwC
Ticker: BBT · Form: 8-K · Filed: Sep 10, 2025 · CIK: 1108134
| Field | Detail |
|---|---|
| Company | Beacon Financial CORP (BBT) |
| Form Type | 8-K |
| Filed Date | Sep 10, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Beacon Financial dumped Deloitte for PwC, effective Sept 8, 2025.
AI Summary
Beacon Financial Corporation announced on September 8, 2025, a change in its certifying accountant. The company has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm, replacing Deloitte & Touche LLP. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.
Risk Assessment
Risk Level: low — This filing reports a routine change in the company's independent auditor, which is common and typically not a sign of significant risk.
Key Players & Entities
- Beacon Financial Corporation (company) — Registrant
- PricewaterhouseCoopers LLP (company) — New Certifying Accountant
- Deloitte & Touche LLP (company) — Former Certifying Accountant
- September 8, 2025 (date) — Effective Date of Change
FAQ
Who is Beacon Financial Corporation's new independent registered public accounting firm?
Beacon Financial Corporation has appointed PricewaterhouseCoopers LLP as its new independent registered public accounting firm.
Who was Beacon Financial Corporation's previous independent registered public accounting firm?
Beacon Financial Corporation's previous independent registered public accounting firm was Deloitte & Touche LLP.
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of September 8, 2025.
What is the principal executive office address for Beacon Financial Corporation?
The principal executive offices are located at 131 Clarendon Street, Boston, Massachusetts 02116.
What is Beacon Financial Corporation's telephone number?
Beacon Financial Corporation's telephone number is (617) 425-4600.
Filing Stats: 949 words · 4 min read · ~3 pages · Grade level 14.9 · Accepted 2025-09-10 16:32:42
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value BBT New York Stock Exchan
Filing Documents
- tm2525791d1_8k.htm (8-K) — 29KB
- tm2525791d1_ex16-1.htm (EX-16.1) — 3KB
- tm2525791d1_ex16-1img001.jpg (GRAPHIC) — 2KB
- tm2525791d1_ex16-1img002.jpg (GRAPHIC) — 2KB
- 0001104659-25-089092.txt ( ) — 200KB
- bbt-20250908.xsd (EX-101.SCH) — 3KB
- bbt-20250908_lab.xml (EX-101.LAB) — 33KB
- bbt-20250908_pre.xml (EX-101.PRE) — 22KB
- tm2525791d1_8k_htm.xml (XML) — 3KB
01
Item 4.01 Changes in Registrant's Certifying Accountant Dismissal of Independent Registered Public Accounting Firm On September 1, 2025, Beacon Financial Corporation, a Delaware corporation previously known as "Berkshire Hills Bancorp, Inc." (the "Company"), completed its previously announced merger of equals transaction with Brookline Bancorp, Inc., a Delaware corporation ("Brookline"), pursuant to the Agreement and Plan of Merger, dated as of December 16, 2024, by and among the Company, Commerce Acquisition Sub, Inc. and Brookline. On September 1, 2025, Commerce Acquisition Sub, Inc. merged with and into Brookline (the "Merger"), immediately followed by the merger of Brookline with and into the Company (the "Holdco Merger" and together with the Merger, the "Transaction"), with the Company as the resulting corporation. The Transaction was treated as a reverse acquisition using the acquisition method of accounting, with the Company treated as the legal acquirer and Brookline treated as the accounting acquirer for financial reporting purposes. As a result of the Transaction, on September 8, 2025, the Audit Committee of the Board of Directors of the Company approved (i) the dismissal of Crowe LLP ("Crowe") as the Company's independent registered public accounting firm and (ii) the appointment of KPMG LLP ("KPMG"), Brookline's former independent registered public accounting firm, as the Company's independent registered public accounting firm. The audit reports of Crowe on the Company's consolidated financial statements for the fiscal years ended December 31, 2024 ("Fiscal 2024") and December 31, 2023 ("Fiscal 2023") did not contain an adverse opinion or a disclaimer of opinion, or were qualified or modified as to uncertainty, audit scope, or accounting principles. During Fiscal 2023 and Fiscal 2024, and subsequently through September 8, 2025, there were: (i) no disagreements on any matter of accounting principles or practices, financial statement disclosure, or
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits. 16.1 Letter from Crowe LLP dated September 10, 2025* 104.1 Cover Page Interactive Data File (formatted as inline XBRL) * Filed herewith
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. BEACON FINANCIAL CORPORATION DATE: September 10, 2025 By: /s/ Wm. Gordon Prescott Wm. Gordon Prescott General Counsel and Corporate Secretary