Brookline Bancorp, Inc. and PCSB Financial Corporation Announce Strategic Merger
BOSTON and YORKTOWN HEIGHTS, N.Y., May 24, 2022 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ:BRKL) ("Brookline") and PCSB Financial Corporation (NASDAQ:PCSB) ("PCSB") announced today they have entered into a definitive merger agreement whereby Brookline will acquire PCSB and its wholly owned subsidiary, PCSB Bank for approximately $313 million in cash and stock. Following the transaction, PCSB Bank will operate as a separate bank subsidiary of Brookline. Paul Perrault, Chairman and Chief Executive Officer of Brookline commented on the transaction, "I am pleased to announce the combination of PCSB and Brookline. This transaction represents a unique opportunity for Brookline to expan
