February 7, 2020

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.

Luse Gorman served as legal counsel to Dime in the offering. The Luse Gorman team included Lawrence M.F. Spaccasi, Marc Levy and Ellie Cook.

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.

Luse Gorman has extensive experience representing issuers in public offerings of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, click here.