HAUPPAUGE, N.Y., July 09, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ: "DCOM"), the parent company of Dime Community Bank (the "Bank"), today announced that in connection with its previously disclosed public offering of its 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (the "Notes") that closed on June 28, 2024, the underwriters of such offering have exercised their overallotment option in full to purchase an additional $9,750,000 aggregate principal amount o ...

The Company intends to use the net proceeds of the Offering for general corporate purposes, including supporting organic growth initiatives, and to support the Company and Bank's regulatory capital ratios. Dime Community Bancshares, Inc. Investor Relations Contact: Avinash Reddy Senior Executive Vice President — Chief Financial Officer Phone: 718-782-6200; Ext. 5909 Email: avinash.reddy@dime.com (1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 ...

Core Viewpoint - Dime Community Bancshares, Inc. has announced the pricing of its offering of $65 million in subordinated notes with a fixed-to-floating interest rate, aimed at enhancing its regulatory capital ratios and supporting growth initiatives [11][12]. Group 1: Offering Details - The offering consists of $65 million of 9.000% fixed-to-floating rate subordinated notes due 2034, with an additional option for underwriters to purchase up to $9.75 million for over-allotments [11]. - The notes will initially bear interest at 9.000% per annum, with interest payable quarterly, and will reset to a floating rate starting July 15, 2029 [5]. - The expected closing date for the transaction is around June 28, 2024, subject to customary conditions [12]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including supporting organic growth initiatives and enhancing the Company and Bank's regulatory capital ratios [6]. Group 3: Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $13.5 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [8].

HAUPPAUGE, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced that it has hired a deposit-focused Group that will cover the Manhattan market. The Group will be led by Avi Azuolay. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, "We are excited to announce the addi ...

Core Insights - Dime Community Bancshares, Inc. has announced the hiring of a deposit-focused group to enhance its presence in the Manhattan market, led by Avi Azuolay, who has a successful track record in the area [2][1] - The new team previously worked at Signature Bank and its successor, Flagstar Bank, and is expected to contribute significantly to Dime's growth plans in Manhattan [2][1] Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which is a New York State-chartered trust company with over $13.5 billion in assets [2] - The company holds the number one deposit market share among community banks in Greater Long Island, specifically in Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets [2][4] Leadership and Strategy - Stuart H. Lubow, President and CEO of Dime, expressed excitement about the new team's addition and emphasized the company's commitment to growing its Manhattan presence over time [1] - Avi Azuolay highlighted the appeal of Dime's client-centric approach and advanced technology, indicating a strong alignment with the new team's goals [1]

ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. Investor Relations Contact: Avinash Reddy Senior Executive Vice President – Chief Financial Officer Phone: 718-782-6200; Ext. 5909 Email: avinash.reddy@dime.com HAUPPAUGE, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on July 24, 2024, to common stockholders of record ...

HAUPPAUGE, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on July 24, 2024, to common stockholders of record as of July 17, 2024. The Company continues its trend of uninterrupted dividends. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York Statechartered trust company with over $13.5 billion in ass ...

HAUPPAUGE, N.Y., May 28, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), announced today that John Murphy has joined the Company as Group Head of a newly created Not-For-Profit vertical. In this role, Murphy will be responsible for building out Dime's Not-For-Profit commercial banking business. Most recently, Murphy was a Senior Managing Director at Webster Bank and Co-Team Lead for its Not-ForProfit B ...

Core Insights - Dime Community Bancshares, Inc. has appointed John Murphy as Group Head of a newly established Not-For-Profit vertical, aiming to enhance its commercial banking services for Not-For-Profit organizations [1][2][3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $13.5 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [4] Strategic Goals - The addition of the Not-For-Profit vertical aligns with Dime's strategic objective to be the leading community commercial bank in its market, building on a 160-year history of supporting local communities and Not-For-Profit organizations [3] - The company has received an Outstanding CRA rating, reflecting its commitment to community support [3] Leadership Background - John Murphy previously served as a Senior Managing Director at Webster Bank and Co-Team Lead for its Not-For-Profit Banking Team, and has over a decade of experience in the sector [2] - Murphy expressed enthusiasm for Dime's flat organizational structure and single point of contact model, indicating a focus on growth in the Not-For-Profit sector [3]

HAUPPAUGE, N.Y., May 23, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced today that Judy Wu has been appointed Executive Vice President, General Counsel and Corporate Secretary of the Company and the Bank. Wu most recently served in the Regulatory Compliance and Privacy function of Flagstar Bank. Previously, she was Chief Privacy and Regulatory Compliance Officer and Co-General Counsel at Sign ...