
Brookline Bank, First Ipswich Complete Merger
Two subsidiaries of holding company Brookline Bancorp have merged into one bank. First Ipswich Bank, which at the end of 2019 had about $466 million in assets, has merged into Brookline Bank.
Two subsidiaries of holding company Brookline Bancorp have merged into one bank. First Ipswich Bank, which at the end of 2019 had about $466 million in assets, has merged into Brookline Bank.
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.
Russell Cole, president and CEO of First Ipswich Bank, will retire this week to attend to family matters, Brookline Bancorp said last Friday.
Another quarter, another round of questions over Brookline Bancorp’s taxi medallion loans and the commercial real estate scene in Boston.