Brookline Bancorp Completes PCSB Bank Acquisition
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.
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.
Brookline Bancorp still expects to complete its acquisition of New York-based PCSB Financial Corp. this year, but the company has not yet received all regulatory approvals.
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.