 Dime Community Bancshares, Inc. the Company DCOM today announced the closing of its previously announced underwritten public offering of 2,300,000 shares, or 57.5 million in aggregate liquidation preference, of its 5.50 Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value 0.01 per share the Preferred Stock, with a liquidation preference of 25.00 per share. The underwriters have exercised in full their option to purchase 300,000 shares of Preferred Stock, which is included in the 2,300,000 shares of Preferred Stock referenced above. The Company raised approximately 44.3 million, net of underwriting discounts and estimated expenses, from the offering and expects to use the net proceeds for general corporate purposes. 