From Montauk to Manhattan
Combination of two iconic community banks to create
a New York-based champion that will be a significant source of strength
Highly complementary branch network with leading deposit market share,
coverage of the entire Long Island market and significant branding power
Larger capital base and experienced leadership team with M&A integration expertise provide
significant advantages to weather adverse economic conditions
Accelerates shareholder value creation via identified cost savings
and enhanced pre-provision earnings power
BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., July 01, 2020 (GLOBE NEWSWIRE) — Bridge Bancorp, Inc. (Nasdaq: BDGE) (“Bridge”), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime”), the parent company of Dime Community Bank, today announced that they have entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger of equals transaction, valued at approximately $489 million. The merger combines two complementary banking platforms to create a premier community-based business bank. The combined company will have over $11 billion in assets, over $8 billion in total deposits, and 66 branches spanning Montauk to Manhattan.
The Huntington branch is closed due to power outages.
Visit our locations/atms page for all locations and a listing of current branch hours.