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DCOM — Dime Community Bancshares News Story

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Brief: Dime Commercial Enters Agreement To Acquire ES Bancshares

BRIEF-Dime Commercial Enters Agreement To Acquire ES Bancshares

- Dime Community Bancshares, Inc. DCOM.N:

  • DIME COMMERCIAL BANCSHARES (NOT 'DIME COMMUNITY BANCSHARES') - TO ISSUE 720,000 SHARES AND $30 MILLION CASH TO EMPIRE SHAREHOLDERS

  • DIME COMMERCIAL BANCSHARES, INC. ENHANCES STATEN ISLAND PRESENCE AND FRANCHISE VALUE THROUGH AGREEMENT TO ACQUIRE ES BANCSHARES, INC.

  • DIME COMMERCIAL BANCSHARES - DEAL VALUED AT $58 MILLION OR $8.39 PER EMPIRE COMMON SHARE

  • DIME COMMERCIAL BANCSHARES - DEAL EXPECTED TO GENERATE 3.5% EPS ACCRETION AND 2% TBV DILUTION

Source text: [ID:]

Further company coverage: DCOM.N


((Reuters.Briefs@thomsonreuters.com;))

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