Brookline Bancorp has received all required regulatory approvals in connection with its proposed acquisition of Bancorp Rhode Island.
The closing of the merger, which remains subject to the satisfaction of other customary closing conditions, is expected to occur at the end of 2011.
Bancorp Rhode Island, founded in 1996, operates as a holding company for Bank Rhode Island that provides various banking products and services to individuals, and small and mid-sized businesses in Rhode Island.
As of 31 December 2009, Bancorp Rhode Island operated 16 full-service branches, including 12 located in Providence County, 3 in Kent County, and 1 in Washington County.
Brookline Bancorp operates as the bank holding company for Brookline Bank and The First National Bank of Ipswich.