Brookline Bank - M&A Summary and Business Overview

Financial ServicesCompany

Brookline Bank M&A Summary

Brookline Bank has acquired 5 companies, including 1 in the last 5 years.

Brookline Bank’s largest acquisition to date was in 2012, when it acquired Bancorp Rhode Island for $234M. Brookline Bank has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

Brookline Bank Business Overview

Where is Brookline Bank headquartered?

Brookline Bank is headquartered in Boston, Massachusetts.

What is Brookline Bank’s revenue?

Brookline Bank disclosed revenue of 371M USD for 2023 and 328M USD for 2022.

How many employees does Brookline Bank have?

Brookline Bank has 974 employees.

What sector is Brookline Bank in?

Brookline Bank is a financial services company.

When was Brookline Bank founded?

Brookline Bank was founded in 1871.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 3

Brookline Bank

Brookline Bancorp, Inc.

131 Clarendon Street,
Boston, Massachusetts 02116
United States,
(617) 425-4600
www.brooklinebank.com

Brookline Bank operates as a multi-bank holding company for Brookline Bank and its subsidiaries, Bank Rhode Island and its subsidiaries, First Ipswich Bank and its subsidiaries, and Brookline Securities Corp. Brookline Bank was incorporated in 1871 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - - 1 - - 5
vol $254M $254M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
PCSB Financial Corp. 2022-12-29 - Add-on Acquisition
Yorktown Heights, New York · www.pcsb.com
Bancorp Rhode Island, Inc. 2012-01-03 234M USD Add-on Acquisition
Providence, Rhode Island · www.bankri.com
First Ipswich Bancorp 2011-03-01 20M USD Add-on Acquisition
Ipswich, Massachusetts
Eastern Funding LLC 2006-04-01 - Add-on Acquisition
New York, New York · www.easternfunding.com
Mystic Financial, Inc. 2005-01-07 - Merger
Medford, Massachusetts
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (100%) 254M (100%) - -
Total 5 $254M - -

By Geo

State/Country Buy Value Sell Value
United States 5 254M - -
  New York 2 - - -
  Massachusetts 2 20M - -
  Rhode Island 1 234M - -
Total 5 $254M - -

Top M&A Advisors

Financial Deals
Northeast Capital & Advisory, Inc.
 1
J.P. Morgan Securities
 1
Legal Deals
Goodwin Procter
 1

Deal Values

buy # Total
$100M to $1B 1 $234M
< $100M 1 $20M
TOTAL $254M
Largest Bancorp Rhode Island, Inc.
$234M (2012-01-03)

Company Summary

SECTOR

Financial Services

Revenue

371   14% 2023
328   7% 2022
309   9% 2021
285   1% 2020
283   4% 2019
273   8% 2018
255   13% 2017
226   2016
(millions of USD) Show More Show Less

Employees

974

Established

1871

Public

NASDAQ: BRKL

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Massachusetts Companies , Financial Services Companies , United States Companies , Massachusetts Financial Services Companies , Massachusetts Financial Services with Acquisitions , Massachusetts Financial Services with Divestitures

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