Dime Community Bank To Be Bought By BNB With No Loans to African Americans So Protest By Matthew Russell Lee, Patreon BBC - G uardian UK - Honduras - CJR - PFT BNB Bank will soon have a new name. Dime Community Bancshares, Inc. Bridge Bancorp Inc. and Dime Community Bancshares, Inc. announced that they have received the required regulatory approval from the Board of Governors of the Federal Reserve System to merge Dime Community Bank into BNB Bank, according to a company release. “Dime has earned its strong reputation in the greater New York metropolitan market, and I’m thrilled to partner with them,” said BNB president and CEO Kevin O’Connor. The headquarters will be located in Hauppauge, and a corporate office will be maintained in Manhattan. The merger will be completed in the first quarter of 2021, subject to regulatory and shareholder-approvals. The impending merger of BNB Bank, the East End's last independent local bank, with Dime Community Bank of New York City will allow the institution to … The combined bank will operate under the Dime Community Bank name with its new headquarters in Hauppauge. She is a founder, owner and co-publisher of this website. … BNB Bank will soon have a new name. BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (Nasdaq: BDGE), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM), the parent company of Dime Community Bank, today jointly announced that the parties have received approval from New York State Department of Financial Services to merge Dime Community Bank … The all-stock deal was valued at $489 million. The $489 million merger between Bridgehampton-headquartered BNB Bank and Brooklyn-founded Dime Community Bank has closed, with the combined 65 branches from Montauk to Manhattan now rebranded as Dime locations, the company announced Monday. The two companies announced today they have entered into a definitive merger agreement in an all-stock deal valued at $489 million. The parent companies for BNB Bank … BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (Nasdaq: BDGE), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM), the parent company of Dime Community Bank, today jointly announced that the parties have received approval from New York State Department of Financial Services to merge Dime Community Bank … Dime has become one of Greater Long Island’s largest community banks since its merger earlier this year with BNB Bank. Investor Relations Contact: Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. Bridge Bancorp, the parent company of BNB Bank, is merging with Dime Community Bancshares, the parent company of Dime Community Bank. O’Connor will serve as chief executive officer of the newly combined bank. The parties have filed an application with New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank, which is pending. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Support local journalism.Now more than ever, the survival of quality local journalism depends on your support. Bridge Bancorp, the parent company of BNB Bank, is merging with Dime Community Bancshares, the parent company of Dime Community Bank. Following a merger with BNB Bank, Dime is now one of Greater Long Island’s largest community banks with $13 billion in assets and more than 60 branches from Montauk to Manhattan. The merger is expected to close on Feb. 1, on which day the combined company will open as the new Dime Community Bank. Her work has been recognized with numerous awards, including investigative reporting and writer of the year awards from the N.Y. Press Association. Independent/James J. Mackin Independent/James J. Mackin Bridge Bancorp, which owns BNB Bank—an institution on the East End many still refer to as Bridgehampton National Bank—is merging with Dime Community Bancshares, the parent company of Dime Community Bank. The combined company will operate under the “Dime Community Bancshares, Inc.” name and the combined bank will operate under the “Dime Community Bank.”. Get our Hamptons Insider newsletters delivered direct to you. The two companies announced today they have entered into a definitive merger agreement in an all-stock deal valued at $489 million. The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. “Leveraging Dime’s ubiquitous brand name and having branch network coverage over the entire Long Island market provide the combined entity significant branding power,” BNB said. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. Bridge Bancorp, Inc. BDGE and Dime Community Bancshares, Inc. DCOM announced a ‘merger of equals’ deal last week. How can you tell when you’re a little too attached to your cell phone? The merger is expected to close in the first quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. Bridge Bancorp Inc. and Dime Community Bancshares Inc. entered into merger agreement in July. Bridgehampton National Bank branches throughout the East End were rebranded with the Dime logo on Feb. 1, and will now be Dime Community Bank locations. “This highly compelling combination will allow us to build on our complementary strengths and provide significant value for shareholders,” said Kevin O’Connor, President and Chief Executive Officer of Bridge Bancorp. Our enhanced branch footprint and increased capital base will allow us to better serve the needs of our customers. It did not specify which retail locations will keep the BNB name for that period of time. The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. It takes time and resources to provide this service. Tell us about it! The combined company will have over $11 billion in assets, over $8 billion in total deposits, and 66 branches spanning Montauk to Manhattan, according to a press release issued tonight by BNB. SBA: Paycheck Protection Program has run out of money but outstanding loan applications will be processed. More information on Dime Community Bancshares, Inc. and Dime Community Bank can be found on Dime's website at www.dime.com. Bridge Bancorp Inc. and Dime Community Bancshares, Inc. announced that they have received the required regulatory approval from the Board of Governors of the Federal Reserve System to merge Dime Community Bank into BNB Bank… The combined bank will operate under the name Dime Community Bank, with branch coverage throughout Long Island, including the branch on North Ferry road. BNB to merge with Dime Community Bank in an all-stock deal worth $489 million. More information on Dime Community Bancshares, Inc. and Dime Community Bank can be found on Dime’s website at www.dime.com. Dime CEO, Kevin O'Connor, discusses how his bank delivered $2B in PPP loans to Long Island businesses before the Paycheck Protection Program ran … There are lots of reasons. The merger of BNB Bank and Dime Community Bank has been completed, the parent companies of the two banks announced this week. 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The merger is expected to close in early first quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of all regulatory approvals. Got a hot tip for our calendar? Dime Community Bank to merge with BNB Bank. Support RiverheadLOCAL today. “Our enhanced branch footprint and increased capital base will allow us to better serve the needs of our customers.”, The combined bank will operate under the “Dime Community Bank” name, according to the press release. BNB has taken the Dime name, effective Feb. 1. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. Dime has become one of Greater Long Island's largest community banks since its merger earlier this year with BNB Bank. Certain retail locations on the East End will operate under the BNB Bank name for at least one year, though the announcement did not specify which. “We are very excited to begin a new chapter and look forward to providing superior financial services to communities across Long Island and New York City,” Kevin O’Connor, president and CEO of BNB Bank, said. The combined company will trade under the Dime ticker symbol “DCOM” on the Nasdaq Stock Market. But today more than ever before, we will depend on your support to continue. Bridge Bancorp, which owns BNB Bank—an institution on the East End many still refer to as Bridgehampton National Bank—is merging with Dime Community Bancshares, the parent company of Dime Community Bank. Stuart “Stu” H. Lubow, the current president of Dime, will serve as president and chief operating officer of the new entity. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. “Dime has earned its strong reputation in the greater New York metropolitan market, and I’m thrilled to partner with them. Kevin O’Connor, the current president and chief executive officer of Bridge, will serve as chief executive officer of the combined bank. The combined company will operate under the “Dime Community Bancshares, Inc.” name and the combined bank will operate under the “Dime Community Bank” name.

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