Business & Finance
Business and Finance
Business and Finance
Tue, February 15, 2011
Brookline Bancorp, Inc. Acquisition of First Ipswich Bancorp Receives All Required Regulatory Approvals
IPSWICH, Mass.--([ BUSINESS WIRE ])--First Ipswich Bancorp (aFirst Ipswicha) (OTC: FIWC) announced today that all of the required regulatory approvals for Brookline Bancorp, Inc. (aBrooklinea) (NASDAQ: BRKL) to acquire First Ipswich have been received.
The acquisition was previously approved by First Ipswicha™s shareholders.
Brookline and First Ipswich may close the acquisition following the completion of a mandatory waiting period that expires at the end of February and the satisfaction or waiver of other customary closing conditions. First Ipswich anticipates that the acquisition will close after the end of the mandatory waiting period.
About First Ipswich Bancorp
First Ipswich Bancorp operates as the bank holding company for The First National Bank of Ipswich. Incorporated in 1892, The First National Bank of Ipswich is a full-service commercial bank with six branches serving communities on the North Shore of eastern Massachusetts.
The above text contains statements about future events that constitute forward-looking statements, including statements regarding the partiesa™ ability to complete the acquisition and the expected timing of completion.Projections about future events are subject to risks and uncertainties that could cause actual results to differ materially.Factors that could cause such differences include, but are not limited to, failure of the parties to satisfy the conditions to closing for the acquisition.First Ipswich does not undertake any obligation to publicly update any of these forward-looking statements to reflect events or circumstances that may arise after the date hereof.
