The Notes are listed on the Nasdaq Stock Market® under the trading symbol “DCOMG”.
The Company intends to use the net proceeds of the offering for general corporate purposes, including supporting organic growth initiatives, and to support the Company and Bank’s regulatory capital ratios. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.
This press release is neither an offer to sell nor a solicitation of an offer to purchase any securities of the Company. There will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes were offered under the Company’s existing shelf registration statement filed with the
About the Company
(1) Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than
Forward-Looking Statements
This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including the expected use of proceeds from the Notes offering. Forward-looking statements are based upon various assumptions and analyses made by the Company in light of management’s experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors (many of which are beyond the Company’s control) that could cause actual conditions or results to differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. For discussion of risks and uncertainties that may cause actual results to differ from expectations, please refer to the sections entitled “Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent updates set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Investor Relations Contact:
Senior Executive Vice President — Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
![](https://ml.globenewswire.com/media/MmJiNDdiNDMtYmI3Mi00NDc1LTgzYjgtMTIwMWY1ODc4MDQyLTEwMzA5Mzk=/tiny/Dime-Community-Bancshares-Inc-.png)
2024 GlobeNewswire, Inc., source