Brookline Bank has added two executives to its commercial real estate division.

The company announced yesterday that it has hired Charles Shediac and Karen Cohn as senior vice presidents. The two had worked at First Commons Bank until Brookline Bank completed the acquisition of the company earlier this year. Shediac was formerly chief loan officer at First Commons, while Cohn was a senior loan officer.

“Having worked together at several institutions over the years, Charlie and Karen share outstanding reputations and track records of service, knowledge and expertise in Greater Boston,” Robert Brown, the head of the commercial real estate division, said in a statement. “Their talents and abilities bring additional capacity to our team and further deepen Brookline Bank’s relationships in the markets we serve. We are pleased to have them join our team.” 

The roughly $4.57 billion asset Brookline Bank first announced the acquisition of First Commons Bank last year. The transaction included $262.1 million in loans and the assumption of $273.7 million in deposits, each at fair value.

At the time of the announcement, it was unclear how much of the First Commons staff would be retained, although then First Commons Bank CEO Tony Nuzzo said he hoped that many of the employees would be able to continue on with Brookline Bank.

Brookline Bank in May consolidated both of the First Commons Bank branches in Newton and Wellesley.

Brookline added 28 employees between the fourth quarter of 2017 and the first quarter of this year, according to call reports. First Commons reported 31 employees in its 2017 fourth quarter call report.

Brookline Bank Adds Two Executives to CRE Team

by Bram Berkowitz time to read: 1 min
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