Dime Commercial Bancshares agrees to acquire ES Bancshares for about $58 million

Bitget2026/10/20 10:15

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Dime Commercial Bancshares will acquire ES Bancshares, parent of Empire State Bank, for approximately $58 million, or $8.39 per common share.
Consideration comprises 720,000 common shares and $30 million in cash, with shareholder elections subject to proration.
The acquisition adds $491 million in deposits and five branches, expanding the buyer’s presence in Staten Island and Brooklyn.
Expected EPS accretion is approximately 3.5%, with approximately 2% tangible book value dilution and an earn-back period under three years.
Closing is expected in the first quarter of 2027, subject to regulatory and Empire shareholder approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dime Commercial Bancshares Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610200615PRIMZONEFULLFEED9849086) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Dime Commercial Bancshares agrees to acquire ES Bancshares for about $58 million

You may also like

Crypto prices