BOSTON, May 02, 2017 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (Nasdaq:BRKL) (the “Company”) announced today the closing of its underwritten public offering of an aggregate of 5,951,250 shares of the Company’s common stock at a price to the public of $14.50 per share. The 5,951,250 shares sold in the offering include 776,250 shares sold pursuant to the exercise of the underwriters’ purchase option. 

Piper Jaffray & Co. served as the sole book-running manager and Sandler O’Neill + Partners, L.P. served as co-manager for the offering. 

The net proceeds to the Company after deducting for underwriting discounts and commissions and expenses are expected to be approximately $82.0 million. The Company intends to use the net proceeds of the offering for general corporate purposes, including providing capital to support our growth organically or through strategic acquisitions, financing investments and capital expenditures. 

The shares were issued pursuant to a final prospectus supplement filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2017 as part of an automatic shelf registration statement filed with the SEC on Form S-3 (SEC File No. 333-197881). The shelf registration statement for the offering to which this communication relates (including the base prospectus), the final prospectus supplement and other documents that the Company has filed with the SEC that are incorporated by reference into the registration statement may be obtained free of charge by visiting the SEC’s website at www.sec.gov, or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, by calling toll free (800) 747-3924 or by email to: [email protected].

About Brookline Bancorp, Inc.

Brookline Bancorp, Inc., a bank holding company with $6.5 billion in assets and branch locations in 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 “banks”). The Company provides commercial and retail banking services, 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.