BancorpRI Shareholders Approve Merger with Brookline Bancorp

Shareholders of Bancorp Rhode Island, Inc. BARI today approved the merger with Brookline Bancorp, Inc. BRKL. The combined organization will have 43 banking offices serving individuals and businesses across Massachusetts and Rhode Island, and will have approximately $4.7 billion in assets, including $3.7 billion in loans and $3.2 billion in deposits. BankRI will preserve its brand and operate as a separate subsidiary of Brookline Bancorp. More than 99% of the votes cast by holders of BancorpRI common stock were voted in favor of the merger at today's special meeting of shareholders.