Brookline Bancorp’s chief financial officer will resign at the year’s end "to pursue other business interests," the bank said in a statement filed late Friday afternoon.
According to documents filed with the Securities and Exchange Commission, Julie A. Gerschick will also receive a severance payment of $615,250, a bonus of $115,600 and the option of continuing health benefits.
Gerschick joined the company in summer 2011, succeeding Paul Bechet. Gerschick is also founder and president of consulting firm The Andover Group, and was previously an audit and consulting partner at KPMG in Washington, D.C.; a senior vice president of Great Lakes Bancorp; and a fellow on the Federal Home Loan Bank Board, also in Washington, D.C.
"Julie, with her finance and consulting background, made significant contributions to the further development of the company’s finance area following our recent acquisitions. We are extremely appreciative of her efforts and wish her the best," President and Chief Executive Officer Paul A. Perrault said in the bank’s statement.
"I am grateful for the opportunity to work with Paul and the company’s management team, and assist with the company’s transition to a multi-bank holding company. At the same time, I look forward to my next opportunity and challenge," Gerschick said in the statement.
A spokesperson for the bank declined further comment on the matter.





