On February 5, 2020, Dime Community Bancshares, Inc. (“Dime”) completed an underwritten public offering of $75.0 million of its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share, with a liquidation preference of $25.00 per share. Dime raised approximately $72.2 million in the offering, net of underwriting discounts and expenses.
Dime had total consolidated assets of $6.35 billion as of December 31, 2019. Dime’s wholly-owned subsidiary, Dime Community Bank, currently operates 28 retail branches located throughout Brooklyn, Queens, the Bronx, and Nassau and Suffolk Counties, New York.
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