M&A Deal Summary

Brookline Bank Acquires Bancorp Rhode Island

On January 3, 2012, Brookline Bank acquired financial services company Bancorp Rhode Island for 234M USD

Acquisition Highlights
  • This is Brookline Bank’s 4th transaction in the Financial Services sector.
  • This is Brookline Bank’s largest (disclosed) transaction.
  • This is Brookline Bank’s 4th transaction in the United States.
  • This is Brookline Bank’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2012-01-03
Target Bancorp Rhode Island
Sector Financial Services
Buyer(s) Brookline Bank
Deal Type Add-on Acquisition
Deal Value 234M USD
Advisor(s) Jefferies (Financial)
Hinckley, Allen & Snyder (Legal)

Target

Bancorp Rhode Island

Providence, Rhode Island, United States
Bancorp Rhode Island is the parent company of Bank Rhode Island, a full-service, FDIC-insured, state-chartered financial institution. The Bank, headquartered in Providence, RI, operates 17 branches and more than 60 ATMs throughout Rhode Island.

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Buyer(S) 1

Buyer

Brookline Bank

Boston, Massachusetts, United States
Category Company
Founded 1871
Sector Financial Services
Employees974
Revenue 371M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 4 of 5
Type (Add-on Acquisition) 3 of 4
State (Rhode Island) 1 of 1
Country (United States) 4 of 5
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 First Ipswich Bancorp

Ipswich, Massachusetts, United States

FNBI is a full-service commercial bank serving communities on the North Shore of eastern Massachusetts.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-29 PCSB Bank

Yorktown Heights, New York, United States

PCSB Bank is a full-service commercial bank that provides savings accounts, checking accounts, auto loans, personal loans, mortgages, business banking accounts, business loans, cash management services, and more. PCSB Bank is based in Yorktown Heights, New York.

Buy -
Mergr

Product

Company

Legal