Brookline Bancorp Receives Approvals for PCSB Financial Acquisition
Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial.
January 3, 2023
Brookline Bancorp | PCSB Financial
Ian Koplin
Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial.
M. Robert Rose, who has served as chief credit officer of Brookline Bancorp for 13 years, will retire on Nov. 1. Mark Meiklejohn will assume the role upon Rose’s retirement.
Brookline Bancorp and PCSB Financial entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly-owned subsidiary, PCSB Bank, for approximately $313 million in cash and stock.
Brookline Bancorp 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.