Dime Community Bancshares Enters Material Definitive Agreement
Ticker: DCOMG · Form: 8-K · Filed: Jun 27, 2024 · CIK: 846617
| Field | Detail |
|---|---|
| Company | Dime Community Bancshares, Inc. /Ny/ (DCOMG) |
| Form Type | 8-K |
| Filed Date | Jun 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $65,000,000, $9,750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, corporate-event
Related Tickers: DCOM
TL;DR
Dime Community Bancshares (DCOM) signed a major deal on June 26th. Details to follow.
AI Summary
On June 26, 2024, Dime Community Bancshares, Inc. entered into a material definitive agreement. The filing also includes other events and financial statements and exhibits. Dime Community Bancshares, Inc. is a national commercial bank incorporated in New York.
Why It Matters
This filing indicates a significant new agreement for Dime Community Bancshares, Inc., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — Entering into a material definitive agreement can introduce new risks and opportunities that may affect the company's financial health and stock performance.
Key Players & Entities
- Dime Community Bancshares, Inc. (company) — Registrant
- June 26, 2024 (date) — Date of earliest event reported
- 001-34096 (other) — Commission File Number
- 11-2934195 (other) — IRS Number
- New York (location) — State of incorporation
FAQ
What type of material definitive agreement did Dime Community Bancshares, Inc. enter into?
The filing states that Dime Community Bancshares, Inc. entered into a material definitive agreement on June 26, 2024, but does not specify the nature of the agreement.
What are the key financial statements and exhibits included in this 8-K filing?
The filing indicates that financial statements and exhibits are included, but the specific details of these documents are not provided in the provided text.
What was the previous name of Dime Community Bancshares, Inc.?
The company was formerly known as BRIDGE BANCORP, INC. and BRIDGE BANCORP INC.
When did the name change from BRIDGE BANCORP, INC. occur?
The name change from BRIDGE BANCORP, INC. to Dime Community Bancshares, Inc. occurred on August 19, 2019.
What is the business address of Dime Community Bancshares, Inc.?
The business address is 898 VETERANS MEMORIAL HIGHWAY, SUITE 560, HAUPPAUGE, NY 11788.
Filing Stats: 687 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-06-26 21:25:54
Key Financial Figures
- $0.01 — ge on which registered: Common Stock, $0.01 Par Value DCOM The Nasdaq Stock Mar
- $65,000,000 — nd on the conditions set forth therein, $65,000,000 aggregate principal amount of the Compa
- $9,750,000 — option to purchase up to an additional $9,750,000 aggregate principal amount of the Notes
Filing Documents
- tm2418038d1_8k.htm (8-K) — 29KB
- tm2418038d1_ex1-1.htm (EX-1.1) — 245KB
- tm2418038d1_ex99-1.htm (EX-99.1) — 13KB
- tm2418038d1_ex99-1img002.jpg (GRAPHIC) — 12KB
- 0001104659-24-075280.txt ( ) — 577KB
- dcom-20240626.xsd (EX-101.SCH) — 3KB
- dcom-20240626_def.xml (EX-101.DEF) — 26KB
- dcom-20240626_lab.xml (EX-101.LAB) — 36KB
- dcom-20240626_pre.xml (EX-101.PRE) — 25KB
- tm2418038d1_8k_htm.xml (XML) — 5KB
01. Entry
Item 1.01. Entry into a Material Definitive Agreement On June 26, 2024, Dime Community Bancshares, Inc. (the " Company ") and Dime Community Bank, the wholly-owned subsidiary of the Company, entered into an underwriting agreement (the " Underwriting Agreement ") with Raymond James & Associates, Inc. and Keefe, Bruyette & Woods, Inc., as representatives of the underwriters named therein (the " Underwriters "). Pursuant to the terms of the Underwriting Agreement, the Company agreed to sell, and the Underwriters agreed to purchase, subject to and on the conditions set forth therein, $65,000,000 aggregate principal amount of the Company's 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (the " Notes ") in a registered public offering pursuant to an effective shelf registration statement on Form S-3 (Registration File No. 333-264390). In addition, pursuant to the Underwriting Agreement, the Company granted the underwriters a 30-day option to purchase up to an additional $9,750,000 aggregate principal amount of the Notes, solely to cover overallotments, if any. The description of the Underwriting Agreement contained herein is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is included as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference.
01. Other Events
Item 8.01. Other Events On June 26, 2024, the Company issued a press release announcing the pricing of its offering of the Notes. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 1.1 Underwriting Agreement, dated as of June 26, 2024, by and among Dime Community Bancshares, Inc., Dime Community Bank, Raymond James & Associates, Inc. and Keefe Bruyette & Woods, Inc. (as representatives of the Underwriters named therein) 99.1 Press Release dated June 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 26, 2024 Dime Community Bancshares, Inc. By: /s/ Avinash Reddy Name: Avinash Reddy Title: Senior Executive Vice President and Chief Financial Officer