Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Thu, December 2, 10:14 AM
|This Slide: #94 of 573|
Slide #94. Dime Community Bancshares, Inc. — Preferred Stock Offering
Dime Community Bancshares, Inc. (NASDAQ:DCOM)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Dime Community Bancshares, Inc. (the "Company") (Nasdaq: DCOM) today announced that it has priced an underwritten public offering of 2,608,000 shares, or $65,200,000 million in aggregate liquidation preference, of its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the "Preferred Stock"), with a liquidation preference of $25.00 per share. The Company has granted the underwriters a 30-day option to purchase up to 391,200 additional shares of Preferred Stock.
Dime Community Bancshares is a bank holding company. Through its subsidiary, Dime Community Bank, Co. is engaged in commercial and consumer banking business. Co. provides the Certificate of Deposit Account Registry Service and Insured Cash Sweep programs, providing Federal Deposit Insurance Corporation insurance on deposits to its customers. Co. also provides merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts as well as investment services through Bridge Financial Services LLC.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com