Following in the footsteps of some of the nation's largest banks, a small Massachusetts thrift company plans to form its own Internet-only bank.

Brookline Bancorp, parent of a five-branch thrift just outside of Boston, has filed a request with state regulators to open Lighthouse Bank. The subsidiary, which could be running by the first quarter of 2000, will offer a full range of deposit accounts, credit cards, and mortgage loans.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.