Brookline Bancorp, Inc. announced 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. Brookline and PCSB anticipated closing the transaction on Jan. 1, 2023, subject to the satisfaction of customary closing conditions.

Brookline Bancorp, PCSB Financial announced plans to merge in May 2022.

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, MA 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.