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DCOM - Dime Community Bancshares plans to offer $160M subordinated notes
Dime Community Bancshares Inc.
Dime Community Bancshares (NASDAQ:DCOM) plans to offer $160M aggregate principal amount of subordinated notes. The notes, due 2032, are intended to qualify as Tier 2 capital for regulatory purposes. The net proceeds are intended to be used for general corporate purposes, which may include, but are not limited to, the repayment of the company's outstanding subordinated notes. DCOM is the holding company for Dime Community Bank.