Brookline Bancorp, Inc. BRKL today announced that the
deadline for shareholders of Bancorp Rhode Island, Inc. BARI to elect the form of consideration that they wish to
receive in Brookline's pending merger with Bancorp Rhode Island has been
extended to 5:00 p.m. on Friday, November 18, 2011, unless further extended.
As with the prior extensions of the election deadline, this extension is
intended to reduce the potential time between the election deadline and the
effective date of the merger. The merger is expected to be completed in the
fourth quarter of 2011, subject to receipt of the remaining regulatory
approvals required to complete the transaction and the satisfaction of other
customary closing conditions.
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