4/A: Basswood Capital Management Reports Transaction in Dime Community Bancshares, Inc. and Corrects Previous Filing

Basswood Capital Management and related entities file an amended Form 4 to report a transaction in Dime Community Bancshares, Inc. common stock and to correctly identify all reporting persons.

Summary

• Basswood Capital Management, L.L.C., along with related entities and individuals (Matthew Lindenbaum and Bennett Lindenbaum), filed an amended Form 4 with the SEC regarding Dime Community Bancshares, Inc. (DCOM).
• The filing reports a transaction on January 31, 2025, where 1,043 shares of common stock were acquired at a price of $31.23 per share.
• The amendment corrects a previous filing from February 4, 2025, which did not identify Basswood Partners, L.L.C. and Basswood Strategic Financial Fund, LP as reporting persons.
• The reporting persons may be deemed to have a pecuniary interest in the common stock held by various funds and managed accounts, but they disclaim beneficial ownership except to the extent of any direct or indirect pecuniary interest.
• Matthew Lindenbaum, a managing member of Basswood Capital Management, serves on the board of directors of Dime Community Bancshares, Inc. as a representative of the reporting persons, making them directors-by-deputization.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares, providing transparency to the market.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of significant shareholders.

Key Dates

Keywords

Form 4, Basswood Capital Management, Dime Community Bancshares, Beneficial Ownership, Transaction, Amendment, Reporting Persons, DCOM, SEC