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AI brief of an SEC Form 8-K · Dime Community Bancshares (DCOM)

Dime Commercial to acquire ES Bancshares in deal valued at about $58 million

Neutral Impact 5 of 5 m&a

Dime Commercial Bancshares and ES Bancshares, parent of Empire State Bank, signed a merger agreement on October 19, 2026, under which ES Bancshares will merge into Dime. Based on Dime's 10-day volume-weighted average price of $38.55, the deal is valued at about $58 million, or $8.39 per ES Bancshares share, and is expected to close in the first quarter of 2027 subject to shareholder and regulatory approvals. Dime's press release projects about 3.5% EPS accretion and about 2% tangible book value dilution, and the filing states that Dime will issue 720,000 shares and $30.0 million in cash, with elections subject to proration.

Key points

  • Consideration is $30.0 million in cash and 720,000 Dime common shares, with holder elections subject to proration; transaction value is about $58 million or $8.39 per ES Bancshares share
  • ES Bancshares had total assets of about $596 million and total deposits of $491 million as of September 30, 2026
  • ES Bancshares would pay a $2.363 million termination fee in certain circumstances
  • Closing is expected in the first quarter of 2027, subject to ES Bancshares shareholder approval and regulatory approvals including the Federal Reserve and the New York Department of Financial Services

The filing

CompanyDime Community Bancshares (DCOM)
Form8-K, current report
Filed with the SECOct 20, 2026, 9:00 AM ET
Accession number0001104659-26-117199

Items reported: 1.01 Material Definitive Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.