Stock Report: Brookline Bancorp Inc. (BRKL) Report Updated: May 20, 2013 | Print This Page

Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, and The First National Bank of Ipswich, which provides commercial business and retail banking services to the corporate, municipal, and individual customers. The company accepts various deposit products, including non-interest-bearing checking accounts, interest-bearing NOW accounts, savings accounts and money market savings accounts, certificate of deposit accounts, individual retirement accounts, and other qualified plan accounts. Its loan portfolio comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; auto loans; loans to business entities consisting of commercial lines of credit; and loans to condominium associations, as well as loans for financing equipment used by small businesses. Brookline Bancorp, Inc. also provides financing for construction and development projects, home equity, and other consumer loans; and equipment finance for coin-operated laundries, dry cleaners, and convenience stores. Further, the company offers insurance agency and advisory services, cash management products, on-line banking services, and investment services; and engages in buying, selling, and holding investment securities on behalf of First Ipswich. It operates approximately 43 branches in Massachusetts and Rhode Island. The company was founded in 1871 and is headquartered in Brookline, Massachusetts.