Headquartered in Boston, Massachusetts, Brookline Bancorp, Inc. (NASDAQ: BRKL) (“Brookline” or “the company”) is a multi-bank holding company, established in 1998. BRKL operates a network of 65 offices and two loan offices throughout Central New England, and New York via three subsidiaries, Brookline Bank, Bank Rhode Island, and the most recently acquired PCSB Bank (“the banks”).
BRKL’s expansion strategy is centered on organic efforts, complemented by opportunistic acquisitions. In January 2023, the company closed the acquisition of PCSB Financial Corporation (PCSB) that added $2 billion in assets to BRKL’s balance sheet.
Investor CRE, including multifamily, represents 45% of the company’s total loans, while C&D represented 3% of loans. C&I and owner-occupied CRE…
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