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Mariano remains hopeful a deal can be done by the Legislature’s July 31 deadline the House bill would allow for sports betting on college games as well as pro games, while the Senate would leave college games out of it. The Quincy politician, speaking at the Westin hotel in the Seaport on Thursday, talked about the importance of legalizing sports betting in Massachusetts, as more than 30 other states have done in the past few years. But she questioned the decision to leapfrog Connecticut and acquire a bank “that is not remotely contiguous to existing New England deposit footprint.” (Total assets: $10.6 billion.) Michael Goldrick, PCSB’s chief lending officer, will run the New York franchise, while current CEO Joe Roberto retires.Ĭompass Point analyst Laurie Havener Hunsicker praised PCSB’s financial standing and its wealthy core market area. The deal, when it closes later this year, would leave Brookline with nearly 1,000 employees and 65 branches.
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“I would expect to earn that back very quickly.”īrookline will keep the PCSB name in New York, as it does with its BankRI unit in Providence, and all 14 of PCSB’s branches. “It’s not a reason not to seize an opportunity like this,” said Perrault, referring to the added costs of being a $10 billion-plus bank. (In Brookline’s case, it would be the Federal Reserve Bank of Boston that does the scrutinizing.) Other local banks that have cleared the $10 billion threshold include Eastern Bank, Berkshire Bank, and Rockland Trust. The deal will vault Boston-based Brookline beyond the $10 billion mark, a threshold that triggers a reduction in the card interchange fees a bank can get along with additional regulatory scrutiny. The chief executive of Brookline Bank just engineered a $313 million deal to acquire PCSB Bank in Westchester County, N.Y. Welcome to the Ten Billion Dollar Club, Paul Perrault.
Corindus was able to make the move after Newton’s city council voted to allow the Grove Street office complex to include labs - the kind of conversion that’s becoming more popular as office space sits unfilled and labs face high demand.īrookline Bank bulks up with New York acquisition Markowitz explained to Fuller and Auchincloss that the company is at a pivot point, in which its technology that helps doctors insert stents is no longer a novelty and is now achieving widespread commercial acceptance, after recently marking its 100th hospital installation.įuller and Auchincloss offered plenty of praise, but also peppered Markowitz and marketing director Kate Drake with questions. At 77,000 square feet, the two-level facility in an Alexandria Real Estate Equities-owned complex is more than twice as big as the Waltham spot, with enough room for the firm’s 150 local employees and then some (possibly up to 300). The move is still under way, but the two politicians got a good glimpse of the operations, including an R&D lab and manufacturing area. That’s why Corindus boss Wayne Markowitz was giving Fuller and Auchincloss a tour of the new space at 275 Grove St., next door to the Riverside T station. The company, acquired by Siemens Healthineers in 2019 for $1.1 billion, is moving from Waltham to a bigger space in Newton. The precision tool they tried was quite real, though: a joystick-controlled vascular robot made by Corindus. Fortunately, this was just a computer simulation. Newton Mayor Ruthanne Fuller and US Representative Jake Auchincloss got to be interventional cardiologists last week- for a brief moment.