Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program
December 06 2018 - 8:50AM
Brookline Bancorp, Inc. (the “Company”)(NASDAQ: BRKL), the bank
holding company for Brookline Bank, Bank Rhode Island and First
Ipswich Bank, today announced that the Board of Directors has
approved a stock repurchase program for the Company. The
program authorizes the repurchase by the Company of up to $10
million of its total outstanding shares of common stock over a
period of twelve months ending on December 31, 2019. The
shares may be repurchased from time to time in the open market or
negotiated transactions at prevailing market rates in accordance
with federal securities laws.
ABOUT BROOKLINE BANCORP, INC.
Brookline Bancorp, Inc. is a multi-bank holding company for
Brookline Bank, First Ipswich Bank, and Bank Rhode Island and their
subsidiaries. Headquartered in Boston, MA, the Company has $7.32
billion in assets and branches throughout Massachusetts and Rhode
Island. As a commercially-focused financial institution, the
Company, through its banks, offers a wide range of commercial,
business and retail banking services, including a full complement
of cash management products, on-line banking services, consumer and
residential loans and investment services designed to meet the
financial needs of small-to mid-sized businesses and retail
customers. The Company also provides equipment financing through
its Eastern Funding and Macrolease Corporation subsidiaries.
Contact: Carl M.
CarlsonBrookline Bancorp, Inc.Chief Financial Officer(617) 425-5331
ccarlson@brkl.com
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