Brookline Bank is headquartered in Brookline and is the 7th largest bank in the state of Massachusetts. It is also the 216th largest bank in the nation. It was established in 1871 and as of March of 2020, it had grown to 488 employees at 33 locations. Brookline Bank has an A health rating.
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Brookline Bank
I have been doing business with Brookline Bank for a
number of years now. I find them very professional,
friendly and willing to do whatever it takes to get the
job done. I use the Main Street, Waltham branch and
the personnel there are super. The manager there is
the best and have been doing business with her and
others at the bank for over twenty years. They know
their business inside and out. I have recommended
Brookline Bank to many of my friends and I always
get positive feedback. They are very competitive with
other banks especially with CD rates. I can always
depend on Brookline Bank for positive investment
advice.
No Way To Do Business
If you need to open a business account, choose a real bank and not Brookline.
After going through a mountain of paperwork to open an account, I deposited a signifiant number of checks. The next day when I went in to deposit more, they told me my account was canceled due to a credit issue with a 3rd party. Yes, we were involved with another business to resolve a disputed charge. But when we applied for the bank account, this possibility was not mentioned. By the way, I went to TD bank right afterwards and opened an account within 15 minutes with no issues what so ever. But now Brookline had a significant amount of our money tried up until the checks cleared. When they told me I could pick up a check for my deposits, the check was not ready and hadn't "cleared" yet. The person who promised me the check was ready wasn't even there. I'm still waiting for our money.
Data as of Q1 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 17798 |
| Year Established | 1871 |
| Employees | 488 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.65% |
| Return on Equity - YTD | -6.19% |
| Annual Interest Income | $60.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2020vs Q1 2019 | $5.69B$4.74B |
| Loans | Q1 2020vs Q1 2019 | $4.71B$4.21B |
| Deposits | Q1 2020vs Q1 2019 | $3.97B$3.58B |
| Equity Capital | Q1 2020vs Q1 2019 | $579.6MM$522.8MM |
| Loan Loss Allowance | Q1 2020vs Q1 2019 | $79.4MM$38.1MM |
| Unbacked Noncurrent Loans | Q1 2020vs Q1 2019 | $26.5MM$21.0MM |
| Real Estate Owned | Q1 2020vs Q1 2019 | $0$2.0MM |
