BancorpRI Shareholders Approve Merger with Brookline Bancorp

Shareholders of Bancorp Rhode Island, Inc. (NASDAQ: BARI) today approved the merger with Brookline Bancorp, Inc. (NASDAQ: 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.