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] 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]
External links
References
- PCSB Financial Corporation 2016 Form 10-K Annual Report U.S. Securities and Exchange Commission^
- Putnam County Savings Bank Announces Completion of Merger With CMS Bancorp Inc. GlobeNewswire, April 28, 2015^
- Putnam County Savings Bank Announces Name Change To PCSB Bank PRNewswire, October 2, 2015^
- PCSB Financial Corporation Completes Conversion Stock Offering PRNewswire, April 20, 2017^
- Brookline Bancorp, Inc. and PCSB Financial Corporation Announce Strategic Merger finance.yahoo.com, retrieved 2022-05-24^
- Berkshire Hills Bancorp and Brookline Bancorp Receive Regulatory Approvals for Merger of Equals to form Beacon Financial Corporation^