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News Board of Bank Incorporation Hearing

Board of Bank Incorporation Hearing (BBI): Brookline Bancorp, Inc.
8/19/2022
  • 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 the matter before it, the Board must decide, among other things, 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 will be given to all interested parties on the petition before the Board on Thursday, September 22, 2022 at 10:30 a.m.  The link providing information regarding the hearing is available at www.mass.gov/dob/ and is as follows:

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Click here to join the meeting

Or call in (audio only)

+1 857-327-9245,,83292149#   United States, Boston

Phone Conference ID: 832 921 49#

While it is not necessary to pre-register to provide oral testimony, anyone who emails their intention to provide oral testimony at the hearing in advance will receive preference in the order of testimony provided.  Such optional notice must include the person’s name, telephone number, and email address. Please send via email to dob.comments@mass.gov  by Wednesday, September 21, 2022 by 5:00 p.m.  In addition, written testimony can also be provided in advance via email to dob.comments@mass.gov.  If there are any questions, please contact the Division’s Legal Unit at 617-956-1520.

All comments concerning this petition must be filed with the Board at 1000 Washington Street, 10th Floor, Boston, Massachusetts 02110-6400 or via electronic mail to dob.comments@mass.gov by the close of business on Friday, September 30, 2022. The application and all communications relative to these matters 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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