12/31/2009: CDP advises Beacon Financial on Acquisition

BEACON FINANCIAL EXPANDS INVESTMENT SERVICES IN NEW YORK CITY

MADISON, New Jersey, December 31, 2009 – Beacon Financial Corporation has acquired Furgueson Asset Management, a New York-based registered investment advisor.

Furgueson adds significantly to Beacon's New York wealth management, investment advisory and trust services for institutions and individuals.

Beacon is a New Jersey-chartered bank holding company, whose principal subsidiary is Beacon Trust, which provides investment management, financial, family office, trust, tax and estate planning and custodial services to individuals, institutions, fund sponsors and Taft-Hartley, corporate and public pension plans.

Coady Diemar Partners initiated this transaction and acted as financial advisor to Beacon; McCarter & English was legal counsel to Beacon.