UNDERWRITER
Dime Community Bancshares, Inc.
Equity Capital Markets
Follow-On Offering
Transaction Details
On November 12, 2024, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (“Dime” or the “Company”) announced the pricing of an underwritten public offering of 3,906,250 shares of its common stock at a public offering price of $32.00 per share, for aggregate gross proceeds of $125 million
- The offering consisted of 100% primary shares offered by Dime
- The offering consisted of 100% primary shares offered by Dime
The Company also granted the underwriters a 30-day option to purchase up to an additional 585,937 shares of its common stock
Dime expects to use the net proceeds from this offering for general corporate purposes to support its continued organic growth, which may include, among other things, working capital, investments in its bank subsidiary, and potential balance sheet optimization strategies
About the company
Dime Community Bancshares, Inc. (NASDAQ: DCOM) is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13.7 billion in assets and the number one deposit market share among community banks on Greater Long Island(1).
(1): Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets
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Sources: Company filings and press release.
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The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following
link: https://www.sec.gov/Archives/edgar/data/846617/000110465924116296/tm2428028d1_424b5.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.“Stephens” (the company brand name) is a leading family-owned investment firm that includes Stephens Inc. (member NYSE/SIPC), Stephens Investment Management Group, LLC, Stephens Insurance, LLC, Stephens Capital Partners LLC and Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024), which is authorised and regulated by the Financial Conduct Authority. © 2024 Stephens