Investor Search
  • Entire IR Site
    Press Releases Only
    Filings Only
 
Mergers & Acquisitions
DIME COMMUNITY BANCSHARES, INC. (NASDAQ - DCOM)
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Dime Savings Bank of Williamsburg
Actual Acquirer: Dime Savings Bank of Williamsburg
Target: Conestoga Bancorp, Inc.
Deal Type: Bank & Thrift Company
Announcement Date11/3/1995
Announced Deal Value ($M)105.1
StatusCompleted
Completion Date6/26/1996
Announced Deal Value Per Share ($)21.25
Consideration Breakout
Cash ($M)105.4
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)122.3121.2
Price / Tangible Book (%)122.3121.2
Price / Earnings (x)25.930.0
Price / Deposits (%)27.4426.37
Price / Assets (%)21.6621.32
Tangible Book Premium/ Deposits (%)7.756.83
Deal Terms
Description of Consideration
Shareholders of Conestoga common stock received $21.31 in cash for each share held.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?Partial Overlap
Goodwill Generated ($000)28,400
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)4,500
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NM
Exchange Ratio (Common For Preferred)NM
Exchange Ratio (Preferred For Common)NM
Exchange Ratio (Preferred For Preferred)NM
Lockup AgreementYes
Strike Price ($)18.0000
% of Shares Outstanding9.90
Shares Under Option467,721
Core Deposit Intangibles ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesRyan Beck & Co.
SellerYesMcConnell Budd & Romano Inc.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesThacher Proffitt & Wood
SellerYesMuldoon Murphy & Aguggia LLP

Copyright 2013, © SNL Financial LC  Terms of Use