Dime Community Bancshares closes $65M subordinated notes offering at 9.000%

Dime Community Bancshares, Inc. /NY/

Completed public offering of $65M aggregate principal amount of 9.000% fixed-to-floating rate subordinated notes due 2034.
Net proceeds approximately $62.655M; underwriters have 30-day option for additional $9.75M.
Notes to be listed on Nasdaq under symbol DCOMG and qualify as Tier 2 regulatory capital.
Proceeds to be used for general corporate purposes and to support regulatory capital ratios.

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