company

Beacon Financial

Boston-based bank holding company with roughly $22.3 billion of assets, created by the merger of two Massachusetts banks and operating about 145 branches and commercial offices in New England and New York.

Known aliases

Beacon Financial Corp

Relationships

No evidence-backed relationships are recorded.

Current clusters

invest1 publisher

Beacon retains its departing CEO at $120,000 a month after six days' notice

Sean Gray takes over the $22.3 billion-asset Massachusetts bank a year after its merger of equals. The promised $52 million of after-tax cost savings was booked in July, and the shares still fell more than 6.7% on Monday.

Publishers:americanbanker.com

Reality

Evidence68
Adoption66
Hype gap+28
Incentives72
Confidence62