SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Brookline Bancorp, Inc. (BRKL)

Bala Cynwyd, Pennsylvania--(Newsfile Corp. - December 16, 2024) - Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Brookline Bancorp, Inc. ("Brookline" or the "Company") (NASDAQ: BRKL) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the merger of the Company with Berkshire Hills Bancorp, Inc. ("Berkshire") (NYSE: BHLB). Under the terms of the agreement, each outstanding share of Brookline common stock will be exchanged for the right to receive 0.42 shares of Berkshire common stock. As a result of the transaction and a $100 million common stock offering announced by Berkshire today to support the transaction, Berkshire shareholders will own approximately 51%, Brookline shareholders will own approximately 45%, and investors in new shares will own approximately 4% of the outstanding shares of the combined company.