.
MergerLinks Header Logo

New Deal


Announced

Completed

Bridge Bancorp completed the merger with Dime Community Bancshares in a $489m deal.

Financials

Edit Data
Transaction Value£394m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Friendly

bank holding company

Majority

Single Bidder

United States

Banks

Public

Merger

Domestic

Completed

Synopsis

Edit

Bridge Bancorp, the parent company of BNB Bank, completed the merger with Dime Community Bancshares, the parent company of Dime Community Bank, in a $489m deal. "This highly compelling combination will allow us to build on our complementary strengths and provide significant value for shareholders. Dime has earned its strong reputation in the greater New York metropolitan market, and I’m thrilled to partner with them. Our enhanced branch footprint and increased capital base will allow us to better serve the needs of our customers. In addition, both companies have strong balance sheets and demonstrated histories of low loan losses through prior cycles, which give me confidence that we will be well-positioned to succeed in any environment. I look forward to working closely with Ken and the entire Dime team as we collectively become New York’s premier community bank," Kevin O’Connor, Bridge Bancorp President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US