M&A Deal Summary

Brookline Bank Acquires PCSB Bank

On December 29, 2022, Brookline Bank acquired financial services company PCSB Bank

Acquisition Highlights
  • This is Brookline Bank’s 5th transaction in the Financial Services sector.
  • This is Brookline Bank’s 5th transaction in the United States.
  • This is Brookline Bank’s 2nd transaction in New York.

M&A Deal Summary

Date 2022-12-29
Target PCSB Bank
Sector Financial Services
Buyer(s) Brookline Bank
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Brookline Bank

Boston, Massachusetts, United States

Category Company
Founded 1871
Sector Financial Services
Employees951
Revenue 356M USD (2024)
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 5 of 5
Sector: Financial Services M&A 5 of 5
Type: Add-on Acquisition M&A Deals 4 of 4
State: New York M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-03 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.

Buy $234M