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Brookline Bank closes First Commons Bank buy

Brookline, Mass.-based Brookline Bank has completed its acquisition of Newton Centre, Mass.-based First Commons Bank NA.

The deal had earlier received approvals from the Federal Reserve and the Massachusetts Division of Banks.

Upon completion of the merger, First Commons President and CEO Anthony Nuzzo has resigned and will provide consulting services to Brookline Bancorp for one year.

As of Dec. 31, 2017, Brookline Bank, a unit of Brookline Bancorp Inc., had $4.16 billion in assets, while First Commons had $324.8 million in assets.

The transition of customer accounts and services is expected to be completed in early June.