Merger • Financial Services

Dime Community Bank Acquires Bridge Bancorp

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date June 1, 2020
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 Company

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 Overview 1

Buyer

Dime Community Bank

Hauppauge, New York, United States

Category Company
Founded 1910
Sector Financial Services
Employees887
Revenue 314M USD (2024)
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 Context for Buyer #
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