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.
The parent company of Brookline Bank has completed its acquisition of New York-based PCSB Bank, giving the company its first bank outside the eastern part of New England.
In less than 18 hours last month, Greater Boston saw two more banks announce acquisition deals. Analysts see strategic, long-term impacts for both lenders.
Brookline Bank’s parent company does not plan to seek out lending opportunities in New York City, even as its latest acquisition moves the bank holding company into the New York metropolitan area.
The parent company of Brookline Bank plans to acquire a New York-based bank and operate it as a separate subsidiary.