M&A Deal Summary

Dime Community Bank Acquires Bridge Bancorp

On June 1, 2020, Dime Community Bank acquired financial services company Bridge Bancorp for 489M USD

Acquisition Highlights
  • This is Dime Community Bank’s 3rd transaction in the Financial Services sector.
  • This is Dime Community Bank’s largest (disclosed) transaction.
  • This is Dime Community Bank’s 3rd transaction in the United States.
  • This is Dime Community Bank’s 1st transaction in New York.

M&A Deal Summary
Date 2020-06-01
Target Bridge Bancorp
Sector Financial Services
Buyer(s) Dime Community Bank
Deal Type Merger
Deal Value 489M USD
Advisor(s) Piper Sandler & Co. (Financial)
Luse Gorman (Legal)

Target

Bridge Bancorp

Bridgehampton, New York, United States
Bridge Bancorp is a provider of commercial and consumer banking services in the United States. Bridge Bancorp was founded in 1910 and is based in Bridgehampton, New York.

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Buyer(S) 1

Buyer

Dime Community Bank

Hauppauge, New York, United States
Category Company
Founded 1910
Sector Financial Services
Employees802
Revenue 353M USD (2023)
DESCRIPTION

Dime Community Bank is a holding company for The Dime Savings Bank of Williamsburgh a community-oriented financial institution providing financial services and loans for housing within its market areas. Dime Community Bank was incorporated in 1910 and is based in Hauppauge, New York.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 3 of 3
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-18 Financial Bancorp

United States

Financial Bancorp is a multi-bank holding company, provides community banking services to individuals and small-to-medium sized businesses.

Buy $74M
Mergr

Product

Company

Legal