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Dime Community Bancshares, Inc. Announces Full Exercise of Underwriters’ Overallotment Option

Jul 09, 2024•almost 2 years ago

Contract Type

partnership

NorwichBanking

Description

Dime Community Bancshares, Inc. announced the full exercise of underwriters’ overallotment option, which resulted in the purchase of an additional $9,750,000 aggregate principal amount of Notes. The net proceeds of the offering are intended to support organic growth initiatives and to bolster the Company and Bank’s regulatory capital ratios.

Company Information

Company

Dime Bank

Location

Norwich, Connecticut, United States

About

Committed to serving southeastern Connecticut and Rhode Island, Dime Bank is a community bank in the truest sense, working where we live and helping our neighbors improve their financial well-being.

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