Recent Updates — DCOM

Dime Commercial Bancshares, Inc. entered into a definitive Agreement and Plan of Merger with ES Bancshares, Inc., under which Dime will acquire Empire State Bank's parent company. The transaction values the deal at approximately $58 million, or $8.39 per share, based on Dime’s 10-day volume-weighted average price of $38.55. Consideration consists of $30.0 million in cash and 720,000 shares of Dime common stock, with ES Bancshares shareholders able to elect their form of payment subject to proration. The merger is expected to close in the first quarter of 2027, pending regulatory approvals and shareholder consent. Dime Commercial Bancshares, Inc. operates as a commercial bank holding company focused on business banking in New York.