EXHIBIT 99.2

PRESS RELEASE

FOR IMMEDIATE RELEASE

Contact: Paul R. Bechet
         Chief Financial Officer
         Brookline Bancorp, Inc.
         617-730-3500


                 BROOKLINE BANCORP, INC. ANNOUNCES ADJUSTMENT OF
                               PRORATION FACTOR IN
                               ITS ACQUISITION OF
                             MYSTIC FINANCIAL, INC.

     Brookline,  Massachusetts - (January 10, 2005) Brookline Bancorp, Inc. (the
"Company")  (Nasdaq:  BRKL)  announced  today that it has been  informed  by its
exchange agent that the proration factor in its acquisition of Mystic Financial,
Inc. has been  adjusted to 72.61% from 72.55%.  As a result of this  adjustment,
shareholders  of Mystic  Financial who elected to receive all stock will receive
2.6786  shares of common  stock of the  Company  for  72.61% of their  shares of
common stock of Mystic  Financial  and $39.00 in cash for each of the  remaining
27.39% of their shares.  Shareholders  who elected to receive cash and shares of
common stock of the Company will receive  $39.00 in cash for the cash portion of
their election, 2.6786 shares of common stock of the Company for 72.61% of their
stock  election  shares and $39.00 in cash for each of the  remaining  27.39% of
their stock  election  shares.  Shareholders  who elected to receive all cash or
indicated "No  Preference"  will continue to receive  $39.00 in cash for each of
their Mystic Financial shares.