Dime Community Bancshares, Inc. Announces Completion of Subordinated Notes Offering

By GlobeNewswire

HAUPPAUGE, N.Y., May 06, 2022 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: “DCOM”), (the “Company”), announced today the completion of its public offering and sale of $160 million of its 5.000% fixed-to-floating rate subordinated notes due 2032 (the “Notes”). The Notes were sold at par, resulting in net proceeds, after discounts and estimated offering expenses, of approximately $158 million. The Company intends to use the net proceeds of the offering for general corporate purpose

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