
Acquisition Delay Saves Brookline Bancorp Some Revenue
By waiting longer than expected to receive regulatory approval for its recent bank acquisition, Brookline Bancorp now has an additional year before the Durbin Amendment takes effect.
By waiting longer than expected to receive regulatory approval for its recent bank acquisition, Brookline Bancorp now has an additional year before the Durbin Amendment takes effect.
Brookline Bancorp plans to maintain its multi-bank holding structure and keep separate charters for Brookline Bank and Bank Rhode Island.
Brookline Bancorp saw record earnings in the second quarter as net income increased more than 60 percent compared to the same quarter last year.
Brookline Bancorp maintained earnings in the fourth quarter of 2016, beefing up its commercial real estate and commercial loan and lease portfolios while managing charge-offs in its taxi medallion business.
Another quarter, another round of questions over Brookline Bancorp’s taxi medallion loans and the commercial real estate scene in Boston.