Daily News: February 23, 2018

Brookline Receives Regulatory Approval for First Commons Acquisition

Brookline Bancorp, the holding company for Brookline Bank, Bank Rhode Island and First Ipswich Bank, received the requisite regulatory approvals and waivers from the Federal Reserve and the Massachusetts Division of Banks to complete its acquisition of First Commons Bank.

The shareholders of First Commons also approved the transaction at a special meeting held on January 17, 2018.

The anticipated closing of the merger is on March 1, 2018, subject to customary closing conditions.

Until the closing date, First Commons Bank will continue its daily operations and customer service as usual.

Boston-based Brookline Bancorp provides commercial and retail banking services and cash management and investment services to customers throughout Central New England and has approximately $6.8 billion in assets.