Brookline Bank Merges With First Commons Bank

BROOKLINE, MA — The bank holding company for Brookline Bank announced it will merge First Commons Bank with and into Brookline Bank.

Brookline Bancorp and First Commons agreed last September and then finalized the deal in March.

"We are pleased to welcome the customers and employees of First Commons to the Brookline family. We look forward to deepening existing customer relationships with the enhanced and additional services offered by Brookline," said Company President and CEO, Paul Perrault in a statement.

So what's this mean in practice? Very few changes said Peter Roveto of Brookline Bank.

"There should be very little disruption as accounts transfer," he told Patch.

The merger should be completed over the June 1 weekend. And it will mean First Commons bank customers will now have access to the 25 other Brookline Banks in the region. The First Commons banks will be closing up shop as the Brookline Banks consolidate.

"It's quite an undertaking. You want to make sure you have as little disruption as possible," he said. "For existing Brookline Bank customers there's no impact at all."

The bank has several locations in town:

Brookline
> Brookline Village
> Coolidge Corner
> Longwood @ St. Mary's
> Washington Square
> Putterham Circle

About Brookline Bancorp, Inc.
Brookline Bancorp, Inc., a bank holding company with approximately $6.8 billion in assets and branch locations in eastern Massachusetts and Rhode Island, is headquartered in Boston, Massachusetts and operates as the holding company for Brookline Bank, Bank Rhode Island and First Ipswich Bank. The Company provides commercial and retail banking services and cash management and investment services to customers throughout Central New England.

File Photo by Jenna Fisher/Patch