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PCSB Commercial Bank to merge into PCSB Bank

Brewster, N.Y.-based PCSB Commercial Bank is proposing to merge into its sister bank, Yorktown Heights, N.Y.-based PCSB Bank, according to the New York State Department of Financial Services' weekly banking bulletin.

Immediately prior to the proposed merger, PCSB Bank will convert from a savings bank to a commercial bank.

Both banks are units of PCSB Financial Corp.