Brookline Bank

Brookline Bancorp Announces Third Quarter Results

Founded in 1932, Malden Catholic (MC) is recognized for its rigorous academics, SFX Scholars Program, and award-winning STEM program. The school’s list of alumni boasts a Nobel Laureate, a Senator, two ambassadors, and numerous community and business leaders. This past Spring, MC broke ground for a major expansion at 50 Crystal Street, Malden. The 70,000 sq ft building will include cutting-edge classroom and lab spaces, a spacious dining hall, modern administrative facilities, and a state-of-the-art athletic facility. MC chose Brookline Bank and MassDevelopment to structure $35 million in tax-exempt bonds to fund construction and refinancing of existing debt. The deal came about due to the school’s prior relationship with Gerald Algere, SVP and Institutional Banking Team Leader in Brookline’s Commercial Banking Group. "We are excited about our partnership with Brookline Bank,” said MC President John T. (John Thornburg). “Jerry and his team believe in what we are doing at Malden Catholic and made it possible for our vision to become a reality." On earning the business, Algere said: “Brookline Bank is proud to partner with Malden Catholic, one of the fastest growing Catholic high schools in New England, and a model institution for 92 years. MC’s expansion – along with the advanced programs they offer – will add a whole new dimension to what education can look like going forward.” “Congratulations to Malden Catholic for investing in a new, modern facility where students can learn, play, and grow together,” said Benny Wong, MassDevelopment’s SVP of Investment Banking. “MassDevelopment was pleased to partner with Brookline Bank to deliver tax-exempt financing for this expansion.” Making this important deal happen were Brookline Bank’s Institutional Banking Team Leader Jerry Algere, SVP and Institutional Banking Relationship Manager F. Omar Hazoury, and Sr. Portfolio Manager Marissa Lozano, CFA. For MassDevelopment, SVP of Investment Banking Benny Wong, and acting as bank and bond counsel, Greenberg Traurig, LLP Shareholder Ben McGuire. You can read the press release here: https://lnkd.in/gZgzGSiZ

Congratulations to Mona Macero on her promotion to Executive Vice President, Chief Digital Officer for Brookline Bancorp Inc. Read more: https://lnkd.in/ePMkWKd3 In her new role, Mona oversees the Bank’s Commercial Payments, Information Technology, Information Security, and Support and Administrative Services areas.

We're pleased to announce that Kelly Bressette has been promoted to Executive Vice President, Director of Operations for Brookline Bancorp Inc. Read more: https://lnkd.in/e64rS995 In her new role, Bressette oversees the Bank’s Loan and Deposit Operations and Consumer Underwriting and Processing.

October Economic Newsletter: The Economy Exits The Fast Lane. Read it here: https://lnkd.in/esGQJpaT

Welcome Betty L. McCallion, new Branch Manager at our Needham Heights banking office! Read more: https://lnkd.in/eKbGVqUT We look forward to Betty leading her team in providing superior service and building strong relationships with our personal and business clients.

Companies conducting business internationally and dealing with Foreign Exchange can benefit from having a trusted advisor. John Kirkwood, Director of our Commercial Markets Payments Group answers 5 questions about the sometimes-complex world of Foreign Exchange: https://lnkd.in/eJ4JnKU7

September Economic Newsletter: Rate Cuts Are On The Way. Read it here: https://lnkd.in/eTGvhZ48

Law firms have unique needs when it comes to banking services. Business Banking Team Leader, Tom Smith, answers five questions about our approach to this important sector: https://lnkd.in/e2Qz3q_C #lawfirmfinance #banksforlawfirms #IOLTAs #legalescrow

August Economic Newsletter: Mission Accomplished? Read it here: https://lnkd.in/dKD84-T7