Beacon Financial Corporation Announces Debut of Beacon Bank

Beacon Financial Corporation (NYSE: BBT) (the "Company") today announced the successful combination of four storied financial institutions under one new brand, Beacon Bank (the "Bank"), one of the 100 largest banks in the United States. With more than 145 branches and commercial centers across New England and New York, Beacon Bank differentiates itself by combining deep local roots with nearly 200 years of proven financial strength, expert guidance and highly personalized service. Unlike other banks that rely on distant decision makers, Beacon Bank makes decisions close to home, ensuring solutions are tailored to each client and community. "Launching Beacon Bank represents a significant achievement for our organization and a critical step forward in our long-term strategy," stated Paul A. Perrault, CEO of the Company. "By uniting our banks, we are enhancing the experience we deliver to clients and positioning the Company to generate sustainable value for our stockholders through