Dime Community Bancshares to redeem $40M subordinated debt and reauthorize share repurchase

Dime Community Bancshares, Inc. /NY/

Will redeem all $40M outstanding Fixed/Floating Subordinated Debentures due 2030 at par on March 30, 2026.
Redemption funded with cash on hand; expected to be accretive to EPS.
Board reauthorized repurchase of up to 1,566,947 common shares under existing plan.
CEO cites Total Capital Ratio >16% as providing flexibility for these actions.
Share repurchases depend on market conditions and regulatory approvals; no guarantee of completion.

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