Brookline Bank has named Jane Adler as the bank’s new CRA (Community Reinvestment Act) Officer. Adler, an SVP in Commercial Real Estate, will oversee the bank’s CRA initiatives including programs for affordable housing, programs targeting low and middle-income communities and corporate philanthropy. The Community Reinvestment Act of 1977 was established to encourage financial institutions to meet the credit needs of the members of the communities in which they operate including low- and moderate-income neighborhoods.
“We are fortunate to have Jane Adler as our new Community Reinvestment Officer. Her passion for the work and her depth of experience in financial services will strengthen our CRA initiatives throughout the Brookline Bank footprint,” said Darryl Fess, President and CEO, Brookline Bank.
Adler will oversee CRA initiatives including community development lending, equity investments into low-income housing tax credits, and community service projects involving volunteer opportunities for team members of Brookline Bank.
“It is an honor to serve as the Community Reinvestment Act officer for Brookline Bank,” said Jane Adler. “The work is so important to our member communities especially in the area of affordable housing of which there is a critical need in this region, in addition to Brookline Bank’s support for local charitable organizations and other programs.”
Adler is a resident of Framingham, MA. She sits on the board of the Southern Middlesex Opportunity Council and is Vice President of the Board of Downtown Framingham, Inc. She is a member of the Real Estate Finance Association and CREW (Commercial Real Estate Women.)
About Brookline Bank
Brookline Bank is a subsidiary of Brookline Bancorp, Inc. (NASDAQ: BRKL), and is headquartered in Brookline, Massachusetts. A full-service financial institution, Brookline Bank provides individuals and businesses with deposit and lending services, residential mortgages and home equity lending, commercial and CRE banking, cash management, merchant services, and access to investment services. Brookline Bank operates 25 offices in Greater Boston. For more information go to brooklinebank.com. Brookline Bank is an Equal Opportunity and Equal Housing Lender. Member FDIC.