BRKL Brookline Bancorp Inc

On July 31, 2019, Brookline Bank (the “Bank”), a wholly-owned subsidiary of Brookline Bancorp, Inc., converted its charter from a Massachusetts-chartered savings bank to a Massachusetts-chartered trust company and ended its membership in the Depositors Insurance Fund (the “DIF”), which insures deposit balances held by Massachusetts-chartered savings banks in excess of the federal deposit insurance coverage amounts. The Bank’s growth in deposit size required the Bank to withdraw from the DIF and the concurrent charter conversion of the Bank. The Bank will continue to be supervised by the Massachusetts Division of Banks and the Board of Governors of the Federal Reserve System (the “Federal Reserve”). In addition, the Bank’s deposits will continue to be insured by the Federal Deposit Insurance Corporation (“FDIC”) to applicable limits. Excess deposits that are insured by the DIF on July 31, 2019 will continue to be insured by the DIF until July 31, 2020. Term deposits in excess of the FDIC insurance coverage will continue to be insured by the DIF until they reach maturity. None of the Bank’s products or services will be discontinued or changed as a result of the Bank’s charter conversion.

FORWARD LOOKING STATEMENTS

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. There are several factors that could cause actual results to differ significantly from expectations described in these forward-looking statements. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Accordingly, the Company cautions you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict.  Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. For a discussion of such factors please refer to the Company’s most recently filed reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC’s website at www.sec.gov. The Company does not undertake to update any forward-looking statements.