.
MergerLinks Header Logo

Announced

Completed

Brookline Bancorp completed the acquisition of PCSB Financial Corporation for $313m.

Financials

Edit Data
Transaction Value£249m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Single Bidder

Private

Banks

Friendly

Domestic

bank holding company

Acquisition

Majority

Completed

Synopsis

Edit

Brookline Bancorp, a multi-bank holding company, completed the acquisition of PCSB Financial Corporation, a bank holding company, for $313m. “I am pleased to announce the combination of PCSB and Brookline. This transaction represents a unique opportunity for Brookline to expand its banking operations into one of the country’s largest deposit markets through the acquisition of a complimentary commercial banking organization. PCSB has a high-quality loan portfolio, deposit base and talented employees, making it an excellent addition to our organization," Paul Perrault, Brookline Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US