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PCSB Bank

From Wikipedia, the free encyclopedia
PCSB Financial Corporation
Company typePublic
NasdaqPCSB
Russell 2000 Component[needs update]
IndustryBanking
Founded1871; 154 years ago (1871) inBrewster, New York
HeadquartersBrewster, New York
Key people
Joseph D. Roberto (chairman,CEO &president)
Scott D. Nogles (CFO)[1]
RevenueIncrease $0.040 billion (2016)[1]
Decrease $0.003 billion (2016)[1]
Total assetsIncrease $1.426 billion (2016)[1]
Total equityIncrease $0.279 billion (2016)[1]
Number of employees
184[1]
Websitepcsb.com

PCSB Bank is abank based inYorktown Heights, New York. It is a wholly owned subsidiary of PCSB Financial Corporation, abank holding company.

It has 15branches.

History

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The bank was established in 1871 inBrewster, New York as the Putnam County Savings Bank.[2]

In April 2015, the bank acquired CMS Bancorp.[3]

In October 2015, the bank changed its name to PCSB Bank.[2]

In April 2017, the company converted itself from amutual organization to ajoint-stock company and became apublic company via aninitial public offering.[4]

In May 2022, The company was acquired by Brookline Bancorp for $313 Million.[5] On September 1, 2025, Brookline Bancorp merged withBerkshire Hills Bancorp; PCSB Bank is expected to rebrand and merge customer service systems into the combined Beacon Bank in early 2026.[6]

References

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  1. ^abcdef"PCSB Financial Corporation 2016 Form 10-K Annual Report".U.S. Securities and Exchange Commission.
  2. ^ab"Putnam County Savings Bank Announces Name Change To PCSB Bank" (Press release).PRNewswire. October 2, 2015.
  3. ^"Putnam County Savings Bank Announces Completion of Merger With CMS Bancorp Inc" (Press release).GlobeNewswire. April 28, 2015.
  4. ^"PCSB Financial Corporation Completes Conversion Stock Offering" (Press release).PRNewswire. April 20, 2017.
  5. ^"Brookline Bancorp, Inc. and PCSB Financial Corporation Announce Strategic Merger".finance.yahoo.com. Retrieved2022-05-24.
  6. ^Berkshire Hills Bancorp and Brookline Bancorp Receive Regulatory Approvals for Merger of Equals to form Beacon Financial Corporation

External links

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