Beacon Bank and Trust
Boston, Massachusetts, Suffolk County
$22.2B in total assets, the 101st largest of 4,309 US banks and 4th of 95 headquartered in Massachusetts.
- FDIC certificate
- 17798
- Established
- 1871
- Owned by
- Beacon Financial Corp
- Primary regulator
- FED
- Website
- www.beaconbank.com
At a glance
Compared with 132 US banks with $10 billion to $100 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $22.2B | 48% | $22.5B | |
| Loans | $17.8B | 59% | $14.4B | |
| Deposits | $18.6B | 51% | $18.0B | |
| Return on assets | 1.03% | 26% | 1.30% | |
| Net interest margin | 3.79% | 60% | 3.61% | |
| Efficiency ratio | 56.1% | 57% | 55.1% | |
| Equity to assets | 11.44% | 48% | 11.60% | |
| Loans to deposits | 96% | 79% | 87% |
Growth
Total assets grew 32.7% a year over the last 5 years and 19.2% a year over 10 years, including 5 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2025 | PCSB Bank Brewster, NY | $2.1B |
| Sep 2025 | Berkshire Bank Pittsfield, MA, an affiliate under the same holding company | $12.0B |
| Sep 2025 | Bank Rhode Island Providence, RI | $3.6B |
| Feb 2020 | First Ipswich Bank Ipswich, MA | $466M |
| Mar 2018 | First Commons Bank, National Association Newton Center, MA | $325M |
| Jan 2005 | Medford Co-operative Bank Medford, MA | $435M |
| Jul 2001 | Lighthouse Bank Waltham, MA | $80M |
| Mar 1991 | Coolidge Corner Co-operative Bank Brookline, MA | $84M |
Where they operate
150 branches in 29 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Suffolk County, MA | $4.2B | 1.1% | 6 of 36 |
| Providence County, RI | $1.8B | 6.2% | 4 of 15 |
| Middlesex County, MA | $1.5B | 1.8% | 15 of 42 |
| Norfolk County, MA | $1.4B | 2.8% | 9 of 35 |
| Berkshire County, MA | $1.3B | 29.2% | 1 of 9 |
| Worcester County, MA | $1.1B | 4.8% | 6 of 26 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 125 branches since 2016 (25 to 150, +500.0%). 2 opened, 129 acquired, 6 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 25 | |||
| 2018 | Acquired First Commons Bank, National Association | 2 | 0 | +2 | 27 |
| 2019 | Closed Newton Center and Wellesley | 0 | 2 | −2 | 25 |
| 2020 | Acquired First Ipswich BankClosed Burlington | 6 | 1 | +5 | 30 |
| 2022 | Closed Newburyport | 0 | 1 | −1 | 29 |
| 2024 | Closed Brookline and Newton | 0 | 2 | −2 | 27 |
| 2025 | Acquired 3 banksOpened Lawrence | 122 | 0 | +122 | 149 |
| 2026 through Q2 | Opened Braintree | 1 | 0 | +1 | 150 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 39% | 25% | |
| 1-4 family residential | 21% | 21% | |
| Business (C&I) | 21% | 17% | |
| Multifamily | 13% | 8% | |
| Construction and land | 2% | 6% | |
| Consumer | 1% | 10% | |
| Other | 3% | 13% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 55% | 62% | |
| Time deposits | 23% | 18% | |
| Noninterest-bearing | 22% | 20% |
Brokered deposits are 1.2% of deposits (peers 7.3%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.84% | 0.63% |
| Net charge-offs, annualized | 0.31% | 0.14% |
| Reserves to loans | 1.34% | 1.14% |
| Leverage ratio | 9.83% | 10.26% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Massachusetts
Largest competitors in Suffolk County, MA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/beacon-bank-trust-boston-ma