trending Market Intelligence /marketintelligence/en/news-insights/trending/dpjbyxyggoz0irgwmtgia2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Dime Community Bancshares authorizes prepayment of ESOP share acquisition loan

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia

Cord Cutting, Shaving Hits Smaller Networks Hard


Dime Community Bancshares authorizes prepayment of ESOP share acquisition loan

Dime Community Bancshares Inc., the parent of Dime Community Bank, authorized the prepayment of the outstanding balance on its employee stock ownership plan share acquisition loan and the merger of the ESOP into the bank's 401(K) plan, effective Dec. 31.

The prepayment of the outstanding share acquisition loan balance — which will be $2.8 million as of Dec. 31 — will result in a one-time, noncash, non-tax-deductible charge to earnings of approximately $11.0 million, or 30 cents per diluted share. It will also result in annual reduction to operating expense of about $1.1 million and an increase of approximately 3 cents in diluted earnings per share.