The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. The merged institution plans to close 25 branches overall, including 11 current offices for the Delaware bank. The new company will operate under the “Dime Community Bancshares, Inc.” name and the combined bank will operate under the “Dime Community Bank” name. The merger is expected to be completed in the first quarter of 2021. Established in 1910, BNB… When Dime Community Bank and BNB Bank announced their merger last week, at the heart of the deal it’s relationships that executives have in mind, not just the bottom line. BNB Bank will soon have a new name. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. BB&T Corp. and SunTrust Banks will be rechristened Truist Bank once the merger of the two companies is completed, they said Wednesday.. About BNB Bancorp, Inc.: BNB Bancorp, Inc. is a bank holding company headquartered in Brookville, Ohio and is the parent company of Brookville National Bank which was established in 1934. The combined bank will operate under the name Dime Community Bank, with branch coverage throughout Long Island, including the branch on North Ferry road. The parties have filed an application with New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank, which is pending. Bridge Bancorp, the parent company of BNB Bank, has agreed to merge with Dime Community Bancshares Inc., in an all-stock deal worth about $489 million. The parent companies for BNB Bank and Dime Community Bank announced a merger agreement last week, a transaction valued at approximately $489 million. Bridgehampton-headquartered BNB Bank and Dime Community Bank, based in Brooklyn, are merging in a transaction valued at $489 million, the companies announced Wednesday. ... “This merger … The … BNB Bank will soon have a new name. Certain retail locations in eastern Long Island will operate under the BNB Bank name for at least one year. BNB Bank’s headquarters in Bridgehampton may eventually get a new name under the merger with Dime Community Bank. The …
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