| Business Summary | | Brookline
Bancorp,
Inc.
is
a
bank
holding
company
incorporated
and
organized
for
the
purpose
of
acquiring
all
of
the
capital
stock
of
Brookline
Savings
Bank
(Brookline)
upon
completion
of
the
reorganization
of
Brookline
from
a
mutual
savings
bank
into
a
mutual
holding
company
structure.
Brookline
operates
five
full-service
banking
offices
in
the
Town
of
Brookline,
an
urban/suburban
community
adjacent
to
the
City
of
Boston
and
a
full-service
banking
office
in
the
city
of
Newton,
a
community
adjacent
to
the
Town
of
Brookline.
A
wholly
owned
Massachusetts-chartered
stock
savings
bank
subsidiary
of
the
Company
is
the
Lighthouse
Bank
(Lighthouse),
which
operates
as
a
New
England
chartered
Internet-only
bank. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BRKL
is
a
holding
company
for
Brookline
Savings
Bank,
a
FDIC-insured
mutual
savings
bank.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
13%
to
$38.7
million.
Net
interest
income
after
loan
loss
provision
rose
5%
to
$20.7
million.
Net
income
fell
18%
to
$9.1
million.
Interest
income
reflects
an
increase
in
average
interest
earning
assets,
partially
offset
by
lower
interest
margins.
Net
Income
was
offset
by
a
$3.9
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Franklin Wyman, Jr., 79 Chairman | -- | Richard Chapman, Jr., 66 Pres,
CEO, Director | $561K | Charles Peck, 60 Exec.
VP, Director | 277K | Paul Bechet, 58 Sr.
VP, CFO | 211K | Susan Ginns, 55 Sr.
VP, Treasurerof the Bank | 196K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|