Initial purchase: 9/2/2014
Cost basis: $9.20
Current Portfolio Status: Hold
Dividend Reinvestment: N
Dividends paid quarterly in Feb, May, Aug, Nov
Shares held on account at Motif
Brookline Bancorp, Inc. operates as the holding company for Brookline Bank, Bank Rhode Island, and First Ipswich Bank that provides commercial, business, and retail banking services to the corporate, municipal, and individual customers. The company accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It also originates a portfolio of loans that comprise first mortgage loans secured by commercial, multi-family, and residential real estate properties; indirect automobile loans; loans to business entities consisting of commercial lines of credit; loans to condominium associations; and loans and leases used to finance equipment used by small businesses. In addition, the company provides financing for construction and development projects, home equity, and other consumer loans; and cash management, investment advisory, and insurance agency services, as well as invests in debt and equity securities. As of December 31, 2013, it operated 47 banking offices in greater Boston, Massachusetts, and greater Providence, Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.