(FOX 25 / MyFoxBoston.com) – Brookline Bancorp, the parent company of Brookline Bank, said it set aside $4.2 million to cover potential losses from two short term business loans related to Curt Schilling's failed video game company, 38 Studios.
According to the Boston Globe, the loans were made by Bank Rhode Island, which Brookline Bank purchased back in January.
The loans were based on tax credits 38 Studios was expected to get from Rhode Island.
Schilling's company defaulted on a $75 million loan from the state and officially went bankrupt last month.
The bank says they are now trying to recoup their losses.
