---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-117199"
form_type: "8-K"
ticker: "DCOM"
cik: "0000846617"
company_name: "Dime Community Bancshares, Inc. /NY/"
filed_at: "2026-10-20T13:00:23+00:00"
generated_at: "2026-10-20T13:01:10.911028+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dime Commercial to acquire ES Bancshares in ~$58M cash-and-stock deal at $8.39 per ES share

## Summary
- Two-step deal: ES Bancshares merges into Dime, then Empire State Bank merges into Dime Commercial Bank; valued at ~$58M, or $8.39 per ES share.
- Value based on Dime's 10-day VWAP of $38.55 and 6,886,282 ES shares; consideration capped at $30.0M cash and 720,000 Dime shares, subject to proration.
- ES CEO Philip Guarnieri gets $1,539,609 pre-close and stays as Managing Executive Director at $400,000 salary; COO Thomas Sperzel gets $1,271,181.
- Closing needs ES shareholder approval, Federal Reserve and NYDFS approvals, NYSE listing and Form S-4 effectiveness; ES termination fee is $2.363M.
- ES directors and executive officers signed voting agreements to support the merger; Guarnieri has a 6-month noncompete and 1-year non-solicit.

## SEC filing metadata
- accession: 0001104659-26-117199
- form_type: 8-K
- ticker: DCOM
- cik: 0000846617
- company_name: Dime Community Bancshares, Inc. /NY/
- filed_at: 2026-10-20T13:00:23+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/846617/000110465926117199/0001104659-26-117199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/846617/000110465926117199/tm2627821d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-117199
- JSON: https://secwatch.observer/filing/0001104659-26-117199.json
- Plain text: https://secwatch.observer/filing/0001104659-26-117199.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.