On October 19, 2026, Dime Commercial Bancshares, Inc., Hauppauge, New York, the parent company of Dime Commercial Bank, entered into a merger agreement pursuant to which it will acquire ES Bancshares, Inc., the parent company of Empire State Bank, Staten Island, New York, in a cash and stock transaction valued at approximately $58.0 million.

Luse Gorman is serving as legal counsel to Dime Commercial Bancshares in the transaction. The Luse Gorman team consists of Lawrence M.F. Spaccasi, Marc Levy, Max Seltzer and Babette Schwartz.

Dime Commercial Bancshares, Inc. is the holding company for Dime Commercial Bank, a New York State-chartered trust company with approximately $15 billion in assets.

ES Bancshares, Inc. is the holding company for Empire State Bank, a community bank headquartered in Staten Island with offices in Staten Island and Brooklyn, with assets of approximately $596 million.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past ten years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.