PCSB Bank

Last updated
PCSB Financial Corporation
Company type Public
Nasdaq:  PCSB
Russell 2000 Component [ needs update ]
Industry Banking
Founded1871;154 years ago (1871) in Brewster, New York
Headquarters Brewster, New York
Key people
Joseph D. Roberto (chairman, CEO & president)
Scott D. Nogles (CFO) [1]
RevenueIncrease2.svg $0.040 billion (2016) [1]
Decrease2.svg $0.003 billion (2016) [1]
Total assets Increase2.svg $1.426 billion (2016) [1]
Total equity Increase2.svg $0.279 billion (2016) [1]
Number of employees
184 [1]
Website pcsb.com

PCSB Bank is a bank based in Yorktown Heights, New York. It is a wholly owned subsidiary of PCSB Financial Corporation, a bank holding company.

Contents

It has 15 branches.

History

The bank was established in 1871 in Brewster, 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 a mutual organization to a joint-stock company and became a public company via an initial public offering. [4]

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

References

  1. 1 2 3 4 5 6 "PCSB Financial Corporation 2016 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. 1 2 "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. Retrieved 2022-05-24.
  6. ↑ Berkshire Hills Bancorp and Brookline Bancorp Receive Regulatory Approvals for Merger of Equals to form Beacon Financial Corporation
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