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

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.