PCSB Bank explained

PCSB Financial Corporation
Type:Public
Traded As:NASDAQ:
Russell 2000 Component
Industry:Banking
Foundation: in Brewster, New York
Location:Brewster, New York
Key People:Joseph D. Roberto (chairman, CEO & president)
Scott D. Nogles (CFO)[1]
Revenue: $0.040 billion (2016)
Net Income: $0.003 billion (2016)
Assets: $1.426 billion (2016)
Equity: $0.279 billion (2016)
Num Employees:184

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.

It has 15 branches.

History

The bank was established in 1871 in Brewster, New York as the Putnam County Savings Bank.

In April 2015, the bank acquired CMS Bancorp.[2]

In October 2015, the bank changed its name to PCSB Bank.[3]

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]

Notes and References

  1. Web site: PCSB Financial Corporation 2016 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
  2. Putnam County Savings Bank Announces Completion of Merger With CMS Bancorp Inc. . . April 28, 2015.
  3. Putnam County Savings Bank Announces Name Change To PCSB Bank . . October 2, 2015.
  4. PCSB Financial Corporation Completes Conversion Stock Offering . . April 20, 2017.
  5. Web site: Brookline Bancorp, Inc. and PCSB Financial Corporation Announce Strategic Merger . 2022-05-24 . finance.yahoo.com . en-US.