Bridge Bancorp, Inc. And Dime Community Bancshares, Inc. Close Merger of Equals By admin February 3, 2021 No Comments. Bridge Bancorp in Bridgehampton, N.Y., is merging with Dime Community Bancshares in Brooklyn, N.Y., in an all-stock deal valued at $489 million. Pursuant to the terms of the agreement dated July 1, 2020, each share of Legacy Dime was converted into 0.648 common shares of Bridge and the combined company was renamed Dime ⦠HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Bridge Bancorp Inc. (Nasdaq: BDGE) (âBridge”) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (âLegacy Dime”) today announced the successful closing of the previously announced merger ⦠The parties have filed an application with New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank, which is pending. Bridge Bancorp Inc. and Dime Community Bancshares Inc. entered into merger agreement in July. The parties have filed an application with New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank, which is pending. Bridge and Dime will conduct a live conference call and webcast to discuss the transaction at 8:30AM Eastern Time on July 2, 2020. Dime, Bridge Bancorp combining in $489 million merger. Though Bridge is the legal acquirer, Dimeâs shareholders will own 52% of the company, which will operate as Dime⦠Bridge and Dime will conduct a live conference call and webcast to discuss the transaction at 8:30AM Eastern Time on July 2, 2020. Dime has become one of Greater Long Islandâs largest community banks since its merger earlier this year with BNB Bank. The all-stock deal was ⦠Announce Receipt of Bank Level Regulatory Approval from the Federal . The merger is expected to close in early first quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of all regulatory approvals. BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 18, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (Nasdaq: BDGE) (âBridgeâ), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (âDimeâ), the parent company of Dime Community Bank, today jointly announced, as part of the integration planning process for the merger of the two companies (the âMerger⦠Though Bridge is the legal acquirer, Dimeâs shareholders will own 52% of the company, which will operate as Dime. Pursuant to the terms of the agreement dated July 1, 2020, each share of Legacy Dime was converted into 0.648 common shares of Bridge ⦠Bridge Bancorp, the parent company of BNB Bank, and Dime Community Bancshares, the parent company of Dime Community Bank, entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger of equals transaction, valued at approximately $489 million. The merger is expected to close in early first quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of all regulatory approvals. Dime Community Bancshares, Inc. Bridge Bancorp Inc. and Dime Community Bancshares, Inc. announced that they have received the required regulatory approval from the Board of Governors of the Federal Reserve System to merge Dime Community Bank into BNB Bank, according to a company release. Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Shareholders Approve Merger of Equals. About Bridge Bancorp, Inc. Bridge Bancorp, Inc. is a bank ⦠Dime has become one of Greater Long Islandâs largest community banks since its merger earlier this year with BNB Bank. About Bridge Bancorp, Inc. Bridge Bancorp, Inc. is a bank ⦠Pursuant to the terms of the agreement dated July 1, 2020, each share of Legacy Dime ⦠HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Bridge Bancorp Inc. (Nasdaq: BDGE) (âBridgeâ) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (âLegacy Dimeâ) today announced the successful closing of the previously announced merger of equals between the respective companies. Merger of equals deal between Bridge Bancorp (BDGE) and Dime Community (DCOM) is likely to enhance scale and size, and be accretive to earnings of both the companies. Dime has $13 billion in assets and more than 60 branches from Montauk to Manhattan. Dime, Bridge Bancorp combining in $489 million merger. The parent companies for BNB Bank ⦠To listen to the live call, please dial 1-888-348-2672 and upon dialing in, request to be joined into the âBridge Bancorp and Dime Community Merger Announcementâ call with the conference operator. BDGE Bridge Bancorp Inc Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Shareholders Approve Merger of Equals The partnership with UBS Arena gives the Bank a high profile foothold at a location central to its New York City / ⦠The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. BNB has taken the Dime name, effective Feb. 1. GlobeNewswire Dec 03, 2020 12:47 PM EST. Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Close merger of Equals. 1 minute read. Dime Community Bank to merge with BNB Bank. Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Shareholders Approve Merger of Equals Bridge and Dime will conduct a live conference call and webcast to discuss the transaction at 8:30AM Eastern Time on July 2, 2020. Bridge Bancorp, Inc. BDGE and Dime Community Bancshares, Inc. DCOM announced a âmerger of equalsâ deal last week. Bridge Bancorp, Dime Community merger : Bridge Bancorp has signed an all-stock merger deal worth about $489 million with rival New York State bank holding company Dime Community Bancshares.. Bridge Bancorp in Bridgehampton, N.Y., is merging with Dime Community Bancshares in Brooklyn, N.Y., in an all-stock deal valued at $489 million. To listen to the live call, please dial 1-888-348-2672 and upon dialing in, request to be joined into the âBridge Bancorp and Dime Community Merger ⦠Bridge Bancorp, the parent of BNB Bank, has entered into an all-stock âmerger of equalsâ agreement with Dime Community Bancshares, the parent of Dime Community Bank. Dime Community Bancshares, Inc. (DCB), a New York corporation (Nasdaq:DCOM), is a bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank (Dime). avinash.reddy@dime.com. The partnership with UBS Arena gives the Bank a high profile foothold at a location central to its ⦠Dime ⦠Share. HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) -- Bridge Bancorp Inc. (Nasdaq: BDGE) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) today announced the successful closing of the previously announced merger of equals between the respective companies. Dime has become one of Greater Long Islandâs largest community banks since its merger earlier this year with BNB Bank. The deal, valued at nearly $489m, has been unanimously approved by the two companiesâ boards. ⦠To listen to the live call, please dial 1-888-348-2672 and upon dialing in, request to be joined into the â Bridge Bancorp and Dime Community Merger Announcement â call with the ⦠Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support To listen to the live call, please dial 1-888-348-2672 and upon dialing in, request to be joined into the âBridge Bancorp and Dime Community Merger Announcementâ call with ⦠Headquartered in Hauppauge, NY, the Bank has over 60 branches spanning Montauk to Manhattan. Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. The merger deal is being taken up for establishing a premier community-based business bank with over ⦠Dime has $13 billion in assets and more than 60 branches from Montauk to Manhattan. Karl Daniel Send an email July 1, 2020.
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