Brookline (BRKL) to Delay Reporting Q3 Results to Allow Additional Time to Finalize Statements

October 19, 2011 5:21 PM EDT
Brookline Bancorp, Inc. (Nasdaq: BRKL) announced today that it will delay its third quarter earnings release, expected to be reported today.

The release is being delayed to allow the Company additional time to finalize its results for the third quarter. In particular, the Company is reexamining certain booked entries that were made to correct differences between the Company’s underlying loan systems and the general ledger. The Company is engaged in a comprehensive review of its loan and general ledger technologies and its journal entries and its reconciliation processes to ensure the accuracy of its loan accounting systems and will announce third quarter earnings when this review is complete.

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