Beacon Financial Names Sean A. Gray CEO as Paul Perrault Retires
BBT sits 32% above its 52-week low of $22.81 on elevated volume (2.1× avg).
Summary
Beacon Financial appointed COO Sean A. Gray as CEO effective September 21, 2026, succeeding Paul Perrault, who retires after 17 years and will consult for 12 months at $120,000 per month.
Key Events · Executive and Board Changes · BBT
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CEO Transition Announced
Paul A. Perrault retires as President and CEO effective September 21, 2026, and Sean A. Gray, age 50, is appointed to succeed him.
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Consulting Agreement Terms
Perrault will provide consulting services for 12 months at $120,000 per month, plus his 2026 annual bonus based on actual performance and continued benefits.
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Board Appointments
Gray was appointed to the boards of directors of both Beacon Financial Corporation and Beacon Bank & Trust, effective September 21, 2026.
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Succession Context
Gray previously served as COO since the 2025 merger of Brookline Bancorp and Berkshire Hills Bancorp, and was President and COO of Berkshire Bank from 2018 to 2025.
Analysis · BBT · Finance
Beacon Financial is replacing its long-tenured CEO Paul Perrault with COO Sean A. Gray, effective September 21, 2026. The transition is orderly — Perrault stays on as a $120,000-per-month consultant for a year and receives his 2026 bonus — but leadership changes at a $2.6 billion regional bank always carry execution risk, especially with credit headwinds already visible in the loan book. Gray is an internal candidate who led the merger integration, which reduces uncertainty but also means he inherits the same challenges around nonperforming assets and a thinning loan loss allowance.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BBT was trading at $30.11 on NYSE in the Finance sector, with a market capitalization of approximately $2.6B. The 52-week trading range was $22.81 to $32.83. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.