Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program
December 04 2019 - 4:05PM
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 commencing on January 1, 2020 and ending on
December 31, 2020. 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 $7.9
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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