Brookline Bancorp (NASDAQ: BRKL) clears key approvals for Berkshire deal

Rhea-AI Filing Summary

Brookline Bancorp, Inc. reported that on August 25, 2025 it and Berkshire Hills Bancorp, Inc. received all requisite regulatory approvals and waivers from the Federal Reserve, the New York State Department of Financial Services, the Massachusetts Division of Banks, and the Rhode Island Department of Business, Banking for their previously announced merger of equals. The approvals also cover the related mergers of Berkshire Bank, Bank Rhode Island, and PCSB Bank into Brookline Bank, which will remain the surviving bank. The companies anticipate closing the combined transaction on September 1, 2025, subject to customary closing conditions, and disclosed a joint press release as Exhibit 99.1.

Positive

• All key regulatory approvals and waivers obtained from the Federal Reserve, New York, Massachusetts, and Rhode Island regulators for the Brookline–Berkshire merger of equals and related bank mergers, with closing anticipated on September 1, 2025 subject to customary conditions.

Negative

• None.

Insights

Bank M&A analyst

Regulatory approvals clear a major hurdle for Brookline–Berkshire merger.

Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc. have obtained the required approvals and waivers from four key banking regulators for their previously announced merger of equals. The approvals also extend to consolidating Berkshire Bank, Bank Rhode Island, and PCSB Bank into Brookline Bank as the surviving institution.

Receiving these approvals significantly advances the transaction, since regulatory consent is often the most uncertain step in bank mergers. The companies state that closing of the combined merger and related bank mergers is anticipated on September 1, 2025, subject to satisfaction of customary closing conditions, so remaining risk appears tied mainly to standard closing mechanics rather than regulatory issues.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 25, 2025

_______________________________

BROOKLINE BANCORP, INC.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware	0-23695	04-3402944
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

131 Clarendon Street

Boston, Massachusetts 02116

(Address of Principal Executive Offices) (Zip Code)

(617) 425-4600

(Registrant's telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value of $0.01 per share	BRKL	Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

On August 25, 2025, Brookline Bancorp, Inc. (“Brookline”) and Berkshire Hills Bancorp, Inc. (“Berkshire”) announced that they have received the requisite regulatory approvals and waivers from the Board of Governors of the Federal Reserve System, New York State Department of Financial Services, Massachusetts Division of Banks, and the Rhode Island Department of Business, Banking necessary to complete their previously announced merger of equals (the “Merger”) , as well as the merger of Berkshire Bank, a wholly owned subsidiary of Berkshire, Bank Rhode Island, a wholly owned subsidiary of Brookline, and PCSB Bank, a wholly owned subsidiary of Brookline, with and into Brookline Bank, a wholly owned subsidiary of Brookline, with Brookline Bank as the surviving bank (the “Bank Mergers” and, together with the Merger, the “Proposed Transaction”). Brookline and Berkshire anticipate closing the Proposed Transaction on September 1, 2025, subject to the satisfaction of customary closing conditions. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Number		Description
99.1		Joint Press Release dated August 25, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BROOKLINE BANCORP, INC.
Date: August 25, 2025	By:	/s/ Marissa S. Martin
		Marissa S. Martin
		General Counsel

FAQ

What did Brookline Bancorp (BRKL) announce in this 8-K?

Brookline Bancorp, Inc. announced that it and Berkshire Hills Bancorp, Inc. received the requisite regulatory approvals and waivers needed to complete their previously announced merger of equals and related bank mergers.

Which regulators approved the Brookline and Berkshire merger of equals?

The merger of equals received approvals and waivers from the Board of Governors of the Federal Reserve System, the New York State Department of Financial Services, the Massachusetts Division of Banks, and the Rhode Island Department of Business, Banking.

When do Brookline Bancorp and Berkshire Hills Bancorp expect their merger to close?

Brookline and Berkshire state that they anticipate closing the combined merger of equals and related bank mergers on September 1, 2025, subject to the satisfaction of customary closing conditions.

What bank mergers are included in the Brookline–Berkshire transaction?

The transaction includes the mergers of Berkshire Bank, Bank Rhode Island, and PCSB Bank with and into Brookline Bank, a wholly owned subsidiary of Brookline Bancorp, with Brookline Bank as the surviving bank.

What exhibit is attached to Brookline Bancorp’s 8-K about the merger approvals?

The 8-K includes Exhibit 99.1, a joint press release dated August 25, 2025, and identifies Exhibit 104 as the cover page interactive data file embedded within the Inline XBRL document.

Does this filing change Brookline Bancorp’s previously announced merger terms?

The filing describes receipt of regulatory approvals and anticipated closing for the previously announced merger of equals and does not describe any changes to the merger terms.