PCSB Bank

What PCSB Bank does

PCSB Bank was a community bank founded in 1871 and headquartered in Yorktown Heights, New York, serving retail consumers, small and medium businesses, and commercial clients across New York and Connecticut. The bank operated a relationship-based, branch-centric model with local decision-makers, complemented by digital banking delivered through the third-party Narmi One platform, which provided consumer account opening, online and mobile banking, fraud defense, and administrative tooling. As a depository institution, it generated revenue through the standard banking mix: net interest income from lending (mortgages, home equity, personal, business, and commercial real estate loans), fee income (account service, overdraft, ATM, wire, and similar charges), and wealth management/investment services via PCSB Investment Services.

In September 2025, PCSB Bank ceased to exist as an independent entity when it merged with Berkshire Bank, Brookline Bank, and Bank Rhode Island to form Beacon Bank under Beacon Financial Corporation, a merger of equals between Berkshire Hills Bancorp and Brookline Bancorp headquartered in Boston. The combined entity holds approximately $23.2 billion in assets and operates over 145 branches across Massachusetts, Connecticut, Vermont, New York, and Rhode Island, with full system conversion expected in Q1 2026. Beacon Bank is FDIC-insured, NMLS-registered (NMLS 715671), and an Equal Housing Lender.

Post-merger, the consolidated Beacon Bank offers a broad horizontal product surface: personal banking under the Beacon One line (checking, savings, money markets, CDs), business banking and lending, commercial products (commercial real estate, cash management, asset-based lending, franchise banking, government banking, 1031 exchange services), and wealth management delivered through Trust & Estate Services, Clarendon Private, and legacy investment brands including PCSB, Brookline, BankRI, and BerkshireBanc Investment Services. Distribution spans physical branches, online and mobile banking, a call center, and specialized wealth divisions. The digital stack continues on Narmi One, building on a seven-year Berkshire–Narmi relationship dating to 2019.

Name

PCSB Bank

Legal name

Beacon Bank

Website

https://pcsb.com

Company type

Private

Founded year

1871

Operating status

Acquired

Headcount range

101–250 employees

Short description

PCSB Bank was an 1871-founded New York community bank serving consumers, SMBs, and commercial clients; in September 2025 it merged into Beacon Bank, a $23.2B-asset regional group operating 145+ branches across New England and New York.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

Savings Institution, Federally Chartered (6035), State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Credit Cards & Revolving Credit (FSABAAAC), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)

Keywords

• Community banking services
• Commercial lending products
• Personal deposit accounts
• Wealth management services
• Digital banking platform

Headquarters

HQ city

Yorktown Heights

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including mortgages, personal loans, business loans, and commercial real estate financing
2. Fee Income: Account service fees, overdraft fees, ATM fees, wire transfer fees, and other banking service charges
3. Wealth Management Services: Investment services, trust and estate services, and financial advisory through divisions including Clarendon Private, PCSB Investment Services, Brookline Bank Investment Services, BankRI Investments, RNL & Associates

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

PCSB Bank is a community bank providing personal and business deposit accounts (checking, savings, money markets, CDs), consumer and commercial lending products (mortgages, home equity, personal loans, business loans, commercial real estate financing), wealth management and trust services through Clarendon Private and PCSB Investment Services, and government/municipal banking services across New York and Connecticut. Following the September 2025 merger, the combined operation now serves customers across New England and New York through over 145 branches under the Beacon Bank brand, with digital banking delivered via the Narmi One platform.

Product overview

Beacon Bank operates as a unified banking platform offering a comprehensive suite of personal, business, commercial, and wealth management products. The core personal banking offering is Beacon One, which bundles checking, savings, money markets, and certificates of deposit. Business banking includes Business Banking Solutions accounts, Business Loans, and Business Credit Cards. Commercial banking encompasses Commercial Real Estate Banking, Cash Management, Asset-Based Lending, Franchise Banking, Government Banking, and 1031 Exchange Services. Wealth management is delivered through Wealth Management, Trust & Estate Services, and the Clarendon Private sub-brand. Digital banking capabilities include Online Banking, Mobile Banking with Zelle integration, and Bill Pay. All services are available across New England and New York through over 145 branches, with the digital banking infrastructure powered by Narmi One platform following a seven-year partnership history.

Differentiator

Problem solved

Functional benefit

Products and services

• Beacon One Banking Package Primary personal banking product line offering checking, savings, money markets, and certificates of deposit accounts with various tier options including University Checking for students.
• Business Banking Solutions Business checking and deposit account solutions designed for small businesses with digital banking access.
• Business Loans Commercial lending products for business expansion, equipment, and operational financing needs.
• Business Credit Cards Credit card products tailored for business spending and expense management.
• Commercial Real Estate Banking Specialized banking services for commercial property acquisition, development, and financing.
• Cash Management Comprehensive cash management services including collections, disbursements, fraud protection, and liquidity management for commercial clients.
• Asset-Based Lending Financing solutions secured by company assets such as inventory, receivables, and equipment.
• Franchise Banking Specialized lending and banking services for franchise businesses and franchisees.
• Wealth Management Comprehensive wealth management services including investment strategies, retirement planning, and financial advisory.
• Trust & Estate Services Trust administration, estate planning, and fiduciary services for high-net-worth clients.
• Clarendon Private Private banking and wealth services for affluent clients requiring personalized financial solutions.
• Government Banking Specialized banking services for government entities, municipalities, and public sector organizations.
• 1031 Exchange Services Tax-deferred property exchange services for real estate investors under Section 1031 of the Internal Revenue Code.
• Mortgage Loans Home purchase and refinancing loan products including conventional and government-backed mortgages.
• Home Equity Line of Credit Revolving credit lines secured by home equity for major purchases, debt consolidation, or home improvements.
• Personal Loans & Lines of Credit Unsecured personal loans and credit lines for various consumer needs including debt consolidation and major purchases.
• Credit Cards Consumer credit card products for everyday spending with various rewards and benefit tiers.
• Condo Association Lending Specialized lending for condominium and homeowners association financial needs including working capital and renovation financing.
• Private Banking High-touch banking services for high-net-worth individuals and business owners with dedicated relationship managers.
• Investment Services Brokerage and investment services including stocks, bonds, and mutual funds through affiliated investment programs.

Quantifiable outcome

• $23.2 billion in combined assets under management following merger

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability1 record

Feature4 records

Partnerships

One partnership is on record.

• NarmicoreTechnology or Integration · 1 September 2025Narmi One digital banking platform selected for the combined Beacon Bank entity. Partnership builds on seven-year relationship that began when Berkshire Bank first partnered with Narmi in 2019. Narmi provides consumer account opening, digital banking, fraud defence, and admin tools for the consolidated customer base across New England and New York.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Webster Bank: Regional commercial bank serving the Northeast corridor with consumer, business, and commercial banking products; comparable in size and footprint to the combined Beacon Bank entity and overlaps directly with PCSB's Westchester/New York territory.
• New York Community Bank (Flagstar): New York-focused commercial bank with a strong mortgage origination platform and CRE loan portfolio; overlaps with Beacon's Westchester/New York branch network and CRE lending franchise.
• Valley National Bank: Regional bank operating across New York, New Jersey, Florida, and other states with comparable consumer and commercial banking offerings; directly competitive with Beacon for retail deposits and small-business relationships in the NY metro.
• Trustco Bank: Northeast community bank with a similar upstate New York and New England footprint, offering deposits, mortgages, and consumer lending; directly comparable in branch scale and product mix.
• NBT Bank: Community bank headquartered in upstate New York with branches across NY, PA, VT, MA, and CT; operates in the same Northeast region with overlapping consumer and commercial banking products.
• ConnectOne Bank: Mid-sized commercial and retail bank serving the Northeast including New York and New Jersey with community-banking style relationship focus; comparable size range to PCSB pre-merger and competes in similar commercial segments.
• Berkshire Bank (now part of Beacon): Legacy merger partner into Beacon Financial Corporation with overlapping New England branch footprint and similar community-banking product suite; effectively a sibling entity within the combined bank post-merger.
• Saratoga National Bank and Trust: Upstate New York community bank serving capital region businesses and consumers; comparable in scale, geography, and relationship-banking model with PCSB's pre-merger franchise.

Broad incumbents

• M&T Bank: Large regional bank headquartered in Buffalo with deep presence across New York, Massachusetts, and Connecticut; competes head-to-head with Beacon Bank across retail, commercial, and wealth segments in the same geography.

Emerging players

• Customers Bank: Digitally-focused commercial bank with consumer deposit products including the TassatPay/Investors Bank retail brand; overlaps with Beacon on commercial and small-business banking, particularly for clients seeking digital-first alternatives to traditional community banks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MyPCSB

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PCSB Bank