Dime Community Bancshares (DCOM) said Wednesday it closed its public offering of about 4.5 million common shares at $32 per share for total gross proceeds of roughly $144 million.
The share sale included 585,937 shares issued to cover the exercise of an overallotment option in full, the company said.
The net proceeds of about $136 million will be used for general corporate purposes, it said.
Shares of Dime Community Bancshares were up nearly 2% in recent trading.
Price: 34.12, Change: +0.57, Percent Change: +1.70
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