Brookline Bancorp, Inc. Announces Receipt of Regulatory Approvals for the Acquisition of PCSB Financial Corporation
29 Décembre 2022 - 11:00PM
Brookline Bancorp, Inc. (NASDAQ: BRKL) (“Brookline”) today
announced that it has received the requisite regulatory approvals
from the Board of Governors of the Federal Reserve System, New York
State Department of Financial Services and Massachusetts Board of
Bank Incorporation necessary to complete its acquisition of PCSB
Financial Corporation (NASDAQ: PCSB) (“PCSB”). Brookline and PCSB
anticipate closing the transaction on January 1, 2023, subject to
the satisfaction of customary closing conditions.
ABOUT BROOKLINE BANCORP, INC.
Brookline Bancorp, Inc., a bank holding company
with approximately $8.7 billion in assets and branch locations in
eastern Massachusetts and Rhode Island, is headquartered in Boston,
Massachusetts and operates as the holding company for Brookline
Bank and Bank Rhode Island. The Company provides commercial and
retail banking services and cash management and investment services
to customers throughout Central New England. More information about
Brookline Bancorp, Inc. and its banks can be found at the following
websites: www.brooklinebank.com, and www.bankri.com.
FORWARD-LOOKING STATEMENTS
Certain of the statements made in this press
release may constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended. The words “expect,” “anticipate,”
“intend,” “plan,” “believe,” “seek,” and “estimate,” and similar
expressions, are intended to identify such forward-looking
statements, but other statements not based on historical
information may also be considered forward-looking, including
statements about the benefits to Brookline Bancorp Inc.
(“Brookline”) or PCSB Financial Corporation (“PCSB”) of the
proposed merger, Brookline’s and PCSB’s future financial and
operating results and their respective plans, objectives, and
intentions. All forward-looking statements are subject to risks,
uncertainties, and other factors that may cause the actual results,
performance, or achievements of Brookline and PCSB to differ
materially from any results, performance, or achievements expressed
or implied by such forward-looking statements. Such risks,
uncertainties, and other factors include, among others, (1) the
risk that the cost savings and any revenue synergies from the
proposed merger may not be realized or take longer than anticipated
to be realized, (2) the risk that the cost savings and any revenue
synergies from recently completed mergers may not be realized or
may take longer than anticipated to realize, (3) disruption from
the proposed merger, or recently completed mergers, with customer,
supplier, or employee relationships, (4) the occurrence of any
event, change, or other circumstances that could give rise to the
termination of the merger agreement, (5) the possibility that the
amount of the costs, fees, expenses, and charges related to the
merger may be greater than anticipated, including as a result of
unexpected or unknown factors, events, or liabilities, (6) the
failure of the conditions to the merger to be satisfied, (7) the
risk of successful integration of the two companies’ businesses,
including the risk that the integration of PCSB’s operations with
those of Brookline will be materially delayed or will be more
costly or difficult than expected, (8) the risk of expansion into
new geographic or product markets, (9) reputational risk and the
reaction of the parties’ customers to the merger, (10) the risk of
potential litigation or regulatory action related to the merger,
(11) the dilution caused by Brookline’s issuance of additional
shares of its common stock in the merger, and (12) general
competitive, economic, political, and market conditions. Additional
factors which could affect the forward-looking statements can be
found in Brookline’s annual report on Form 10-K, quarterly reports
on Form 10-Q, and current reports on Form 8-K, or PCSB’s annual
report on Form 10-K, quarterly reports on Form 10-Q, and current
reports on Form 8-K, in each case filed with the SEC and available
on the SEC’s website at http://www.sec.gov. Brookline and PCSB
disclaim any obligation to update or revise any forward-looking
statements contained in this press release, which speak only as of
the date hereof, whether as a result of new information, future
events, or otherwise.
INVESTOR CONTACT:
Contact: Carl M. CarlsonBrookline Bancorp, Inc.Co-President,
Chief Financial and Strategy Officer(617)
425-5331ccarlson@brkl.com
PCSB Financial (NASDAQ:PCSB)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
PCSB Financial (NASDAQ:PCSB)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024