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News  Board of Bank Incorporation (BBI) Comment Period Extended Deadline

Brookline Bancorp BBI Extended Comment Period Deadline
10/07/2022
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation

BROOKLINE BANCORP, INC. (Brookline Bancorp or Petitioner), Boston, Massachusetts, has petitioned the Board of Bank Incorporation (Board) pursuant to Massachusetts General Laws, chapter 167A, sections 2 and 4 for approval to acquire PCSB FINANCIAL CORPORATION, (PCSB Financial), Yorktown Heights, New York, the holding company for PCSB Bank, Brewster, New York.  As a result of this transaction, Brookline Bancorp will acquire and control 100% of PCSB Bank and will operate PCSB Bank as a separate bank subsidiary in addition to its existing subsidiary banks, Brookline Bank, Brookline, Massachusetts and Bank Rhode Island, Providence, Rhode Island.

In determining whether or not to approve this petition the Board must decide whether competition among banking institutions will be unreasonably affected and whether public convenience and advantage will be promoted by this proposal. A virtual public hearing was held on the petition before the Board on Thursday, September 22, 2022, at 10:30 a.m.  The virtual hearing was recorded.

All comments concerning this petition must be filed with the Board at 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to dob.comments@mass.gov by the close of business on Tuesday, October 25, 2022.  The application and all communications relative to this matter are available by request at dob.rao@mass.gov.

  • Division of Banks 

    The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.

  • Office of Consumer Affairs and Business Regulation 

    The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

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