NASDAQ, BRKL - Brookline Bancorp
Brookline Bancorp, Inc. (the "Company") was organized in November 1997 for
the purpose of acquiring all of the capital stock of Brookline Savings Bank
("Brookline" or the "Bank") upon completion of the reorganization of Brookline
from a mutual savings bank into a mutual holding company structure. In January
2003, Brookline Savings Bank changed its name to Brookline Bank. Brookline was
established as a savings bank in 1871. The Company is a Delaware corporation and
the holding company parent of the Bank.
On January 7, 2005, the Company completed the acquisition of Mystic
Financial, Inc. ("Mystic") for approximately $69.1 million. That amount
consisted of $27.7 million in cash (including approximately $3.9 million for the
cancellation of Mystic stock options), issuance of 2,516,525 shares of the
Company's common stock, $1.6 million in income tax benefits related to
cancellation of the Mystic stock options, $4. ...
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