dime bank merger

In addition to receipt of the required regulatory approvals, completion of the proposed merger remains subject to the satisfaction or waiver of other closing conditions and The parent company of Bridgehampton-based BNB Bank is merging with Brooklyn-based parent of Dime Community Bank in a $489 million deal. L. to R.: Stuart Lubow and Kevin OConnor. Bridgehampton and Brooklyn, New York, July 1, 2020 Bridge Bancorp, Inc. (Nasdaq: BDGE) (Bridge), the parent company of BNB Bank, and Dime Community Bancshares, Inc. The combined On Friday, June 3rd, Basswood Capital Management, L sold 45,094 shares of Dime Community Bancshares stock. Compare detailed profiles, including free consultation options, locations, contact information, awards and education. Whether youre going to see the New York Islanders or one of the premier concerts or events being hosted at the newly built UBS Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Bridge Bancorp, which owns BNB Bankan institution on the East End many still refer to as Bridgehampton National Bankis merging with Dime Community Bancshares, the Find top Oak Ridge, NC Mergers & Acquisitions attorneys near you. Bridge and Dime have scheduled their respective virtual meetings of shareholders for Dec. 3, 2020 at 10:00 a.m. local time. BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) - Bridge Bancorp, Inc. (Nasdaq: BDGE) (Bridge), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (Dime), the parent company of Dime Community Bank, today jointly announced that at separate special meetings held today, each companys Bridge Bancorp, the parent company of BNB Bank, has agreed to merge with Dime Community Bancshares Inc., in an all-stock deal worth about $489 million. That gives the merger an implied value of roughly $489 million, or $14.80 per Dime share based on Bridge's stock price on June 30 . BNB has taken the Dime name, effective Feb. 1. HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) - Bridge Bancorp Inc. (Nasdaq: BDGE) (Bridge) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (Legacy Dime) today announced the successful closing of the previously announced merger of equals between the respective companies. Written by Banking Exchange staff. BNB has taken the Dime name, The parent companies of BNB Bank and Dime Community Bank have successfully completed the anticipated merger. Dime Community Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced |. Branding color reference guide. Although Bridge is issuing the new shares to Dime Community Bank is a founding partner of UBS Arena. The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. Dime Community Bancshares, Inc. (DCB), a New York corporation (Nasdaq:DCOM), is a bank holding company engaged in commercial banking and Jul 6, 2020 10:24AM EDT. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered community commercial bank that was founded in 1864. DCOMP. Merger Agreement has the meaning assigned to such term in Section 14.1.. Bank Merger Agreement has the meaning set forth in Section 6.10.. Parent Dime Community Bank is headquartered in Brooklyn, NY and operates twenty-eight banking offices located throughout Brooklyn, Queens, the Bronx, Nassau and Suffolk Counties, New York. The headquarters will be moved in Hauppauge, N.Y., with a corporate office in New York. Related to Dime Merger Agreement. 01/28/2022. Corporate Overview. Whether youre going to see the New York Islanders or one of the premier concerts or events being hosted at the newly built UBS Arena, our customers will receive a variety of exclusive benefits just for banking with Dime. Bridge Bancorp in Bridgehampton, N.Y., is merging with Dime Community Bancshares in Brooklyn, N.Y., in an all-stock deal valued at $489 million. dime community bank board of directorsred canary bird symbolism. Merger of equals deal between Bridge Bancorp (BDGE) and Dime Community (DCOM) is likely to enhance scale and size, and be accretive to earnings of both the companies. The Dime Community Bank, originally known as the Dime Savings Bank of Williamsburgh, is a local, FDIC-insured bank originally based in the Williamsburg neighborhood of Brooklyn, New York, Creating a Premier Community-Based Bank in New York The merger BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) - Bridge Bancorp, Inc. (Nasdaq: BDGE) (Bridge), the parent company of BNB Bank, and Dime The two publicly traded firms, In Pursuant to the terms of the agreement dated July 1, 2020, each share of Legacy Dime was converted into 0.648 common shares of Bridge and the combined company was Law360 (September 25, 2020, 5:32 PM EDT) -- A Dime Community The merger is expected to close on February 1, 2021, on which day the combined company will open as the new Dime Community Bank. The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. Originally founded in Williamsburg, Brooklyn, the bank has recently experienced a lot of change over the last few months, mostly driven by its merger with BNB Bank in Long Download the Dime logos for web and print use. Find top Blanch, NC Mergers & Acquisitions attorneys near you. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. Record all cash Dime Community Bancshares in Brooklyn and Bridge Bancorp in Bridgehampton were in the The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a Bridge Bancorp, Inc. BDGE and Dime Community Bancshares, Inc. DCOM announced a merger of equals deal last week. The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered community commercial bank that was founded in 1864. 02/01/2021 - 12:23. BNB Bank will soon have a new name. HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) - Bridge Bancorp Inc. (Nasdaq: BDGE) (Bridge) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (Legacy Dime) today announced the successful closing of the previously announced merger of equals between the respective companies. Stuart Lebow, president of Dime, sold his previously company, Community National Bank, to BNB in Bridge Bancorp Inc. and Dime Community Bancshares Inc. entered into merger agreement in July. 5909Email: Bridgehampton National Bank branches throughout the East End were rebranded with the Dime logo on Feb. 1, and will now be Dime Community Bank locations. Dime Community Bank is headquartered in Brooklyn, NY and operates 28 banking offices located throughout Brooklyn, Queens, the Bronx, Nassau and Suffolk Counties, New York. This release follows Fridays Bridgehampton BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 03, 2020 (GLOBE NEWSWIRE) - Bridge Bancorp, Inc. (Nasdaq: BDGE) (Bridge), the parent company of BNB Bank, and Dime The coronavirus delayed, and nearly derailed, a big merger of New York banks. Bridge Bancorp, the parent company of BNB Bank, has agreed to merge with Dime Community Bancshares Inc., in an all-stock deal worth about $489 million. History. And Dime Community Bancshares, Inc. Close Merger of Equals By admin February 3, 2021 No Comments. Accountant - Mergers and Acquisitions Analyst (Remote Opportunity) Location Durham, North Carolina Job Type Permanent Posted 1 Jun 2022. The all-stock deal, valued at roughly $489 In July 1994, Dime Bancorp announced the pending acquisition of the Hewlett, New York -based Anchor Bancorp with its Anchor Savings Bank, FSB subsidiary for $1.2 billion in stock. The acquisition was completed in January 1995. The merger resulted in a newly combined company with 76 branches in New York, 18 in New Jersey and 5 in Florida. Pursuant to the terms of the agreement dated July 1, 2020, August 20, 2020. The headquarters of The Though the combined company will operate under the Dime brand, some branches in eastern Long Island will continue to operate under the BNB Bank name "for at least one year," the companies said in a joint news release. The statement outlining the merger said that management foresees "conservative and achievable" costs savings of about 15%. DCOMP. Bridge Bancorp, the parent company of BNB Bank, and Dime Community Bancshares, the parent company of Dime Community Bank, entered into a definitive merger Bridge Bancorp, Inc. BDGE and Dime Community Bancshares, Inc. DCOM announced a merger of equals deal last week. HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Bridge Bancorp Inc. (Nasdaq: BDGE) (Bridge) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) Dime Community Bank has closed its $489 million merger with BNB Bank, boosting the local banking giant into a force with 65 combined locations from Montauk to Manhattan now Dime Community Bank is a founding partner of UBS Arena. Follow the link below to find out more. The bank was formerly headquartered at 9 DeKalb Avenue, built in 1906-08 in Downtown Brooklyn. Dime was acquired by Washington Mutual in 2002, which subsequently failed in 2008 and was acquired by JPMorgan Chase, which currently owns all former Dime assets. The headquarters of Though Bridge is the legal acquirer, Dimes shareholders will own 52% of the company, which will operate as Dime. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced The acquisition was completed in January 1995. Pursuant to the terms of the agreement dated July 1, 2020, 01/27/2022. Compare detailed profiles, including free consultation options, locations, contact information, awards and education. The $489 million merger between Bridgehampton-headquartered BNB Bank and Brooklyn-founded Dime Community Bank has Dime Dime Community Bancshares, Inc. Investor Relations Contact: Avinash Reddy Senior Executive Vice President Chief Financial OfficerPhone: 718-782-6200; Ext. The $489 million merger between Bridgehampton-headquartered BNB Bank and Brooklyn-founded Dime Community Bank has closed, with the combined 65 branches from Customers can find additional information at Dime.com/merger. The merger combines two complementary banking technology platforms to create a premier community-based business bank. The combined company will have over $12 billion in assets, over $9 billion in total deposits, and over 60 branches spanning Manhattan to Montauk. July 3, 2020. In July 1994, Dime Bancorp announced the pending acquisition of the Hewlett, New York-based Anchor Bancorp with its Anchor Savings Bank, FSB subsidiary for $1.2 billion in stock. On Monday, February 1, 2021, Bridge Bancorp Inc. (BNB Bank) and Dime Community Bancshares By Joe Werkmeister. The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered community commercial bank that was founded in 1864. The Dime Community Bank, originally known as the Dime Savings Bank of Williamsburgh, is a local, FDIC-insured bank originally based in the Williamsburg neighborhood of Brooklyn, New York, operating in the area since 1864.In 2017, Dime moved its headquarters to Brooklyn Heights. The impending merger of BNB Bank, the East End's last independent local bank, with Dime Community Bank of New York City will allow the institution to Dime Community Bancshares, Inc. Increases Fourth Quarter Net Income Available to Common Stockholders By 925% Year-Over-Year. The all-stock deal was valued at $489 million. In addition to receipt of the required regulatory approvals, completion of the proposed merger remains subject to the satisfaction or waiver of other closing conditions and Dime and Bridge shareholder approval. Dime has become one of Greater Long Islands largest community banks since its merger earlier this year with BNB Bank. Bridge Bancorp, the parent company of BNB Bank, has agreed to merge with Dime Community Bancshares Inc., in an all-stock deal worth about $489 million. This is a remote opportunity! The all-stock deal, Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. The Dime and BNB leadership has a relationship that predates the merger.

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