17/07/2017 20:00:00

Dime Community Bancshares, Inc. Completes Redemption of Trust Preferred Securities

BROOKLYN, N.Y., July 17, 2017 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the "Company") (NASDAQ:DCOM), the holding company for Dime Community Bank (the “bank”), today announced that it has completed the redemption of $70.7 million aggregate liquidation amount of the 7.0% Capital Securities, Series B, liquidation amount $1,000 per security (the “trust preferred securities”) issued by its wholly owned subsidiary, Dime Community Capital Trust I (the “Trust”). The redemption was completed on July 17, 2017. The trust preferred securities were redeemed in connection with the redemption of the junior subordinated debt securities underlying the trust preferred securities, which were issued by the Company to the Trust.

The redemption price of the trust preferred securities was 100% of the aggregate liquidation amount of such securities, plus accrued but unpaid interest to but not including July 15, 2017, the date of redemption. The proceeds to the Trust from the redemption of the junior subordinated debt securities were simultaneously applied to redeem all of the outstanding trust preferred securities issued by the Trust at a redemption price of 100% of the aggregate liquidation amount of such securities, plus accumulated but unpaid distributions to but not including the date of redemption.

About Dime Community Bancshares, Inc.

The Company had $6.10 billion in consolidated assets as of March 31, 2017, and is the parent company of the bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-seven branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the Bank can be found on Dime's website at www.dime.com.

Contact:

Avinash Reddy

SVP – Corporate Development & Treasurer

718-782-6200 extension 5909

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
17 Nov
ALMB
Når man dagligt læser indlæg fra Alpehuen, Mackkeith, Malurt, EMEA (MENA), Powertrade som via en flo..
30
17 Nov
PNDORA
Om nogen, har jeg ikke meget tilovers for GW, men jeg har tilladt mig at anmelde dit indlæg. Nu må i..
29
20 Nov
I:SP500
God aften   Gå lige ind under Conference Board i USA og læs, at de ledende indikatorer steg med hele..
25
16 Nov
NOVO-B
Og Goodwrench, Baronen og marc55
25
20 Nov
VWS
Roland, nu må du simpelthen stoppe. Det her er simpelthen for ynkeligt, hvordan kan du være så selvi..
23
17 Nov
OMXC20
  Her kommer en kort gennemgang og forklaring på, hvorfor aktietilbagekøb både kan være rigtig godt ..
23
21 Nov
PNDORA
Hej Roland.   Dem du prøver at råde om aktiehandel, fortjener at vide hvilken tåbe, der prøver at rå..
20
18 Nov
I:NDX
Der er efterhånden alt for få på EI, der bruger hovedparten af deres tid på at tjene penge på aktier..
18
14:52
 
Kiggede lige forbi, for at se om jeg er gået glip af noget den seneste måneds tid.   Og kan da konst..
17
19 Nov
PNDORA
Hvad skal vi med millionærklubben når vi har roland333 
17

Dimensional Fund Advisors Ltd. : Form 8.3 - Tesco Plc - Ordinary shares

22/11/2017 10:18:00
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser:   Dimensional Fund Advisors Ltd. ("Dimensional"), in its capacity ..

Majedie Asset Management Ltd : Form 8.3 - TESCO PLC

21/11/2017 15:35:27
FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code")   1.         KEY INFORMATION   (a) Full name of discloser: ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
ARRAY BIOPHARMA LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Array Biopharma, Inc. To Contact The Firm
2
Sprouts Farmers Market to Present at the Barclays 2017 Eat, Sleep, Play – It’s Not All Discretionary Conference
3
Franklin Electric Launches Four New Key Dealer Tutorial Videos To Help Contractors Maximize Program Value
4
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Ford Motor Company – F
5
Portola Pharmaceuticals Provides Update on Bevyxxa® (betrixaban) Commercial Launch

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
22 November 2017 20:22:21
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20171108.1 - EUROWEB2 - 2017-11-22 21:22:21 - 2017-11-22 20:22:21 - 1000 - Website: OKAY