SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Dime Community Bancshares, Inc. (NasdaqGS – DCOM)

BALA CYNWYD – July 15, 2020 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Dime Community Bancshares, Inc. (“Dime Community Bancshares” or the “Company”) (NasdaqGS – DCOM) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the proposed stock-for-stock merger of the Company with Bridge Bancorp, Inc. (“Bridge Bancorp”) (Nasdaq – BDGE). Under the terms of the agreement, Dime Community Bancshares shareholders will receive 0.6480 shares of Bridge Bancorp common stock for each share of Dime Community Bancshares they own, representing an implied merger consideration of $11.89 a share based upon Bridge Bancorp’s July 14, 2020 closing price of $18.35.

The investigation concerns whether the Dime Community Bancshares Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether the deal is undervalued. For example, the deal is valued below the 52-week high of $22.50 for Dime Community Bancshares.

If you own shares of Dime Community Bancshares stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or call toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.