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Dime Community Bancshares ( (DCOM) ) has provided an update.
Dime Community Bancshares, Inc., listed on NASDAQ as DCOM, is offering a follow-on stock issuance to capitalize on growth opportunities and optimize their balance sheet. The company plans to use the proceeds for general corporate purposes, including working capital and investments in their bank subsidiary. The offering also aims to improve net interest margins and non-interest income through strategic repositioning of securities and insurance policies, while providing flexibility to accelerate organic growth initiatives.
Find detailed analytics on DCOM stock on TipRanks’ Stock Analysis page.
