---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-001440"
form_type: "8-K"
ticker: null
cik: "0001049782"
company_name: "BROOKLINE BANCORP INC"
filed_at: "2023-01-05T23:59:59+00:00"
generated_at: "2026-06-20T19:16:12.599949+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Brookline Bancorp completes $298M acquisition of PCSB Financial; adds NY presence

## Summary
- Acquisition of PCSB Financial (NASDAQ: PCSB) closed Jan 1, 2023; total consideration ~$297.8M.
- Each PCSB share elects $22.00 cash or 1.3284 BRKL shares, with 60% stock conversion floor.
- Willard I. Hill, Jr. appointed to Brookline board; Michael P. Goldrick becomes PCSB Bank President & CEO.
- PCSB Bank operates as separate subsidiary with 15 branches in Lower Hudson Valley, NY.

## SEC filing metadata
- accession: 0001104659-23-001440
- form_type: 8-K
- cik: 0001049782
- company_name: BROOKLINE BANCORP INC
- filed_at: 2023-01-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1049782/000110465923001440/0001104659-23-001440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1049782/000110465923001440/tm231432d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-001440
- JSON: https://secwatch.observer/filing/0001104659-23-001440.json
- Plain text: https://secwatch.observer/filing/0001104659-23-001440.txt

## Key facts
- Executive change
  Willard I. Hill, Jr. was appointed as Director at BROOKLINE BANCORP INC.
  - Action: appointed
  - Role: Director
  source text: Willard I. Hill, Jr. was appointed to the Board of Directors of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049782/000110465923001440/0001104659-23-001440-index.htm
- M&A Transactions
  BROOKLINE BANCORP INC completed an acquisition involving PCSB Financial Corporation for approximately $297,790,219 million (closed 2023-01-01).
  - Action: acquisition
  - Counterparty: PCSB Financial Corporation
  - Consideration: approximately $297,790,219 million
  - Closing: 2023-01-01
  source text: to ensure that 60% of the outstanding shares of PCSB common stock will be converted to Company common stock . The total consideration payable by the Company is approximately $297,790,219 million, consisting of (i) approximately $130,523,861 million in cash and (ii) 11,820,944 shares of Company common stock valued at approximately $167,266,357 million based on the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1049782/000110465923001440/0001104659-23-001440-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.