Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program
BOSTON, Feb. 4, 2016 /PRNewswire/ -- 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 ending on January 31, 2017. The shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market prices in accordance with federal securities laws.
About Brookline Bancorp, Inc.
Brookline Bancorp, Inc., a bank holding company with approximately $6 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. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com, www.bankri.com, and www.firstipswich.com.
Carl M. CarlsonChief Financial Officer617-425-5331[email protected]
Logo - http://photos.prnewswire.com/prnh/20150126/171362LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/brookline-bancorp-inc-announces-approval-of-stock-repurchase-program-300215534.html
SOURCE Brookline Bancorp, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- IRIS and Amazon Business Collaborate to Help Simplify School Purchasing
- UAB „Atsinaujinančios energetikos investicijos“ publishes audited consolidated and separate annual financial statements for 2023
- Geek+ and System Teknik deploy first PopPick solution in the Nordics for the pharmacy group Med24.dk
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!