HAUPPAUGE, N.Y., July 09, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ: "DCOM"), the parent company of Dime Community Bank (the "Bank"), today announced that in connection with its previously disclosed public offering of its 9.000% Fixed-to-Floating Rate Subordinated Notes due 2034 (the "Notes") that closed on June 28, 2024, the underwriters of such offering have exercised their overallotment option in full to purchase an additional $9,750,000 aggregate principal amount of Notes. The additional Notes were issued in a closing on July 9, 2024, bringing the total gross proceeds from the offering to $74,750,000, before discounts and estimated offering expenses. Raymond James & Associates, Inc. and Keefe, Bruyette & Woods, A Stifel Company acted as joint book-running managers for the Offering. D.A. Davidson & Co. and Piper Sandler acted as co-managers for the offering. Squire Patton Boggs (US) LLP acted as legal counsel to the Company and Luse Gorman, PC acted as legal counsel to the underwriters. The Notes are listed on the Nasdaq Stock Market® under the trading symbol "DCOMG".