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Filing Details

Accession Number:: 0000899140-22-000673
Form Type:: 13D Filing
Publication Date:: 2022-08-30 20:00:00

Filed By:: Basswood Capital
Company:: Dime Community Bancshares Inc. (NASDAQ:DCOM)
Filing Date:: 2022-08-31
SEC Url:: 13D Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Basswood Capital Management	0	2,325,755	0	2,325,755	2,325,755	6.03%
Basswood Partners	0	604,439	0	604,439	604,439	1.57%
Basswood Opportunity Partners	0	401,846	0	401,846	401,846	1.04%
Basswood Opportunity Fund, Inc	0	6,354	0	6,354	6,354	0.02%
Basswood Financial Fund	0	140,164	0	140,164	140,164	0.36%
Basswood Financial Long Only Fund	0	62,429	0	62,429	62,429	0.16%
Basswood Co-Investment Fund (SPC), Ltd., For and on Behalf of Segregated Portfolio C-1	0	18,660	0	18,660	18,660	0.05%
Matthew Lindenbaum	167,970	2,325,755	167,970	2,325,755	2,493,725	6.46%
Bennett Lindenbaum	138,282	2,325,755	138,282	2,325,755	2,464,037	6.38%

Filing

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Under the Securities Exchange Act of 1934)

(Amendment No. 10)*

Dime Community Bancshares, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25432X102

(CUSIP Number)

Basswood Capital Management, L.L.C.

645 Madison Avenue, 10^th Floor

New York, NY 10022

Attn: Matthew Lindenbaum

Telephone: (212) 521-9500

With a copy to:

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, NY 10019

Attn: Michael E. Brandt, Esq.

Telephone: (212) 728-8000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 24, 2022

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-l(e), 240.13d-l(f) or 240.13d-1(g), check the following box. ☒

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Capital Management, L.L.C.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 2,325,755
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 2,325,755
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,325,755
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 6.03%
14.	Type of Reporting Person (See Instructions) IA

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Partners, L.L.C.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 604,439
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 604,439
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 604,439
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 1.57%
14.	Type of Reporting Person (See Instructions) OO

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Opportunity Partners, LP
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 401,846
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 401,846
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 401,846
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 1.04%
14.	Type of Reporting Person (See Instructions) PN

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Opportunity Fund, Inc.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Cayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 6,354
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 6,354
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 6,354
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 0.02%
14.	Type of Reporting Person (See Instructions) CO

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Financial Fund, LP
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 140,164
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 140,164
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 140,164
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 0.36%
14.	Type of Reporting Person (See Instructions) PN

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Financial Long Only Fund, LP
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 62,429
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 62,429
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 62,429
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 0.16%
14.	Type of Reporting Person (See Instructions) PN

CUSIP No. 108035106


1.	Name of Reporting Person Basswood Co-Investment Fund (SPC), Ltd., For and on Behalf of Segregated Portfolio C-1
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) WC
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization Cayman Islands
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 0
		8.	Shared Voting Power 18,660
		9.	Sole Dispositive Power 0
		10.	Shared Dispositive Power 18,660
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 18,660
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 0.05%
14.	Type of Reporting Person (See Instructions) CO

CUSIP No. 108035106


1.	Name of Reporting Person Matthew Lindenbaum
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 167,970.82
		8.	Shared Voting Power 2,325,755
		9.	Sole Dispositive Power 167,970.82
		10.	Shared Dispositive Power 2,325,755
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,493,725.82
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 6.46%
14.	Type of Reporting Person (See Instructions) IN/HC

CUSIP No. 108035106


1.	Name of Reporting Person Bennett Lindenbaum
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ☐ (b) ☒
3.	SEC Use Only
4.	Source of Funds (See Instructions) AF
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.	Citizenship or Place of Organization United States
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power 138,282
		8.	Shared Voting Power 2,325,755
		9.	Sole Dispositive Power 138,282
		10.	Shared Dispositive Power 2,325,755
11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,464,037
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
13.	Percent of Class Represented by Amount in Row (11) 6.38%
14.	Type of Reporting Person (See Instructions) IN/HC

This Amendment No. 10 to Schedule 13D (this “Amendment No. 10”) is being filed with respect to the common stock, par value $0.01 per share (the “Common Stock”), of Dime Community Bancshares, Inc. (formerly Bridge Bancorp, Inc.) to amend the Schedule 13D filed on June 29, 2015, as amended by Amendment No. 1 to Schedule 13D filed on June 28, 2016, Amendment No. 2 to Schedule 13D filed on November 25, 2016, Amendment No. 3 to Schedule 13D filed on July 24, 2017, Amendment No. 4 to Schedule 13D filed on November 16, 2017, Amendment No. 5 to Schedule 13D filed on December 18, 2017, Amendment No. 6 to Schedule 13D filed on September 10, 2018, Amendment No. 7 to Schedule 13D filed on December 20, 2019 Amendment No. 8 to Schedule 13D filed on February 5, 2021 and Amendment No. 9 to Schedule 13D filed on May 20, 2022 (as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment No .7 Amendment No.8 and Amendment No.9, the “Schedule 13D”).

Item 5. Interest in Securities of the Issuer

Items 5(a) – 5(c) of the Schedule 13D are amended to reflect the following:

(a) and (b). As of the date of this Amendment No. 10, each of the Reporting Persons beneficially owns shares of Common Stock in such numbers as set forth on the cover pages of this Schedule 13D. The total number of shares each of the Reporting Persons beneficially owns represents such percentages of the Common Stock outstanding as set forth on the cover pages to this Schedule 13D based upon the approximately 38.6 million shares of Common Stock outstanding as of July 31, 2022, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2022.

(c) Schedule I hereto sets forth all transactions with respect to the Common Stock effected by the Reporting Persons during the past 60 days. All such transactions were effected in the open market, and per share prices include any commissions paid in connection with such transactions.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: August 30, 2022

	Basswood Capital Management, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member


	Basswood Partners, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member


	Basswood Opportunity Partners, LP By: Basswood Capital Management, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member


	Basswood Opportunity Fund, Inc.
	By: Basswood Capital Management, L.L.C.


	By:	/s/Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member

	Basswood Financial Fund, LP
	By: Basswood Capital Management, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member


	Basswood Financial Long Only Fund, LP By: Basswood Capital Management, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member


	Basswood Co-Investment Fund (SPC), Ltd., For and on Behalf of Segregated Portfolio C-1 By: Basswood Capital Management, L.L.C.


	By:	/s/ Matthew Lindenbaum
		Name: Matthew Lindenbaum
		Title: Managing Member



	/s/ Matthew Lindenbaum
	Matthew Lindenbaum


	/s/ Bennett Lindenbaum
	Bennett Lindenbaum

SCHEDULE I

Fund	Trade Date	Shares Purchased (Sold)	Price
Basswood Financial Fund, LP	08/02/22	(762)	$34.04
Basswood Financial Long Only Fund LP	08/02/22	(343)	$34.04
Basswood Opportunity Fund, Inc.	08/02/22	(40)	$34.04
Basswood Opportunity Partners, LP	08/02/22	(1,935)	$34.04
Basswood Managed Account	08/02/22	(538)	$34.04
Basswood Managed Account	08/02/22	(1,309)	$34.04
Basswood Managed Account	08/02/22	(1,568)	$34.04
Basswood Managed Account	08/02/22	(108)	$34.04
Basswood Managed Account	08/02/22	(2,185)	$34.04
Basswood Managed Account	08/02/22	(3,699)	$34.04
Basswood Managed Account	08/02/22	(21,561)	$34.04
Basswood Managed Account	08/02/22	(952)	$34.04
Basswood Financial Fund, LP	08/03/22	(741)	$33.69
Basswood Financial Long Only Fund LP	08/03/22	(335)	$33.69
Basswood Opportunity Partners, LP	08/03/22	(1,882)	$33.69
Basswood Managed Account	08/03/22	(523)	$33.69
Basswood Managed Account	08/03/22	(1,273)	$33.69
Basswood Managed Account	08/03/22	(1,525)	$33.69
Basswood Managed Account	08/03/22	(105)	$33.69
Basswood Managed Account	08/03/22	(2,125)	$33.69
Basswood Managed Account	08/03/22	(3,597)	$33.69
Basswood Managed Account	08/03/22	(20,969)	$33.69
Basswood Managed Account	08/03/22	(925)	$33.69
Basswood Financial Fund, LP	08/04/22	(183)	$33.30
Basswood Financial Long Only Fund LP	08/04/22	(83)	$33.30
Basswood Opportunity Partners, LP	08/04/22	(465)	$33.30
Basswood Managed Account	08/04/22	(129)	$33.30
Basswood Managed Account	08/04/22	(314)	$33.30
Basswood Managed Account	08/04/22	(376)	$33.30
Basswood Managed Account	08/04/22	(26)	$33.30
Basswood Managed Account	08/04/22	(525)	$33.30
Basswood Managed Account	08/04/22	(888)	$33.30
Basswood Managed Account	08/04/22	(5,179)	$33.30
Basswood Managed Account	08/04/22	(229)	$33.30
Basswood Financial Fund, LP	08/16/22	(1,613)	$35.22
Basswood Financial Long Only Fund LP	08/16/22	(1,128)	$35.22
Basswood Opportunity Partners, LP	08/16/22	(6,041)	$35.22
Basswood Managed Account	08/16/22	(4,001)	$35.22
Basswood Managed Account	08/16/22	(2,545)	$35.22
Basswood Managed Account	08/16/22	(334)	$35.22
Basswood Managed Account	08/16/22	(1,794)	$35.22
Basswood Managed Account	08/16/22	(4,673)	$35.22
Basswood Managed Account	08/16/22	(28,247)	$35.22
Basswood Managed Account	08/16/22	(3,447)	$35.22
Basswood Financial Fund, LP	08/17/22	(288)	$34.49
Basswood Financial Long Only Fund LP	08/17/22	(201)	$34.49
Basswood Opportunity Partners, LP	08/17/22	(1,077)	$34.49
Basswood Managed Account	08/17/22	(714)	$34.49
Basswood Managed Account	08/17/22	(454)	$34.49
Basswood Managed Account	08/17/22	(59)	$34.49
Basswood Managed Account	08/17/22	(320)	$34.49
Basswood Managed Account	08/17/22	(834)	$34.49
Basswood Managed Account	08/17/22	(5,038)	$34.49
Basswood Managed Account	08/17/22	(615)	$34.49
Basswood Financial Fund, LP	08/18/22	(643)	$34.54
Basswood Financial Long Only Fund LP	08/18/22	(450)	$34.54
Basswood Opportunity Partners, LP	08/18/22	(2,409)	$34.54
Basswood Managed Account	08/18/22	(1,595)	$34.54
Basswood Managed Account	08/18/22	(1,015)	$34.54
Basswood Managed Account	08/18/22	(133)	$34.54
Basswood Managed Account	08/18/22	(715)	$34.54
Basswood Managed Account	08/18/22	(1,862)	$34.54
Basswood Managed Account	08/18/22	(11,261)	$34.54
Basswood Managed Account	08/18/22	(1,374)	$34.54
Basswood Financial Fund, LP	08/19/22	(1,020)	$33.90
Basswood Financial Long Only Fund LP	08/19/22	(713)	$33.90
Basswood Opportunity Partners, LP	08/19/22	(3,818)	$33.90
Basswood Managed Account	08/19/22	(2,529)	$33.90
Basswood Managed Account	08/19/22	(1,609)	$33.90
Basswood Managed Account	08/19/22	(211)	$33.90
Basswood Managed Account	08/19/22	(1,134)	$33.90
Basswood Managed Account	08/19/22	(2,953)	$33.90
Basswood Managed Account	08/19/22	(17,853)	$33.90
Basswood Managed Account	08/19/22	(2,179)	$33.90
Basswood Financial Fund, LP	08/22/22	(237)	$32.87
Basswood Financial Long Only Fund LP	08/22/22	(166)	$32.87
Basswood Opportunity Partners, LP	08/22/22	(887)	$32.87
Basswood Managed Account	08/22/22	(587)	$32.87
Basswood Managed Account	08/22/22	(373)	$32.87
Basswood Managed Account	08/22/22	(49)	$32.87
Basswood Managed Account	08/22/22	(263)	$32.87
Basswood Managed Account	08/22/22	(686)	$32.87
Basswood Managed Account	08/22/22	(4,146)	$32.87
Basswood Managed Account	08/22/22	(506)	$32.87
Basswood Financial Fund, LP	08/23/22	(345)	$32.88
Basswood Financial Long Only Fund LP	08/23/22	(241)	$32.88
Basswood Opportunity Partners, LP	08/23/22	(1,291)	$32.88
Basswood Managed Account	08/23/22	(855)	$32.88
Basswood Managed Account	08/23/22	(544)	$32.88
Basswood Managed Account	08/23/22	(71)	$32.88
Basswood Managed Account	08/23/22	(384)	$32.88
Basswood Managed Account	08/23/22	(998)	$32.88
Basswood Managed Account	08/23/22	(6,035)	$32.88
Basswood Managed Account	08/23/22	(736)	$32.88
Basswood Financial Fund, LP	08/24/22	(4,403)	$32.31
Basswood Financial Long Only Fund LP	08/24/22	(3,079)	$32.31
Basswood Opportunity Partners, LP	08/24/22	(16,489)	$32.31
Basswood Managed Account	08/24/22	(10,921)	$32.31
Basswood Managed Account	08/24/22	(6,947)	$32.31
Basswood Managed Account	08/24/22	(912)	$32.31
Basswood Managed Account	08/24/22	(4,899)	$32.31
Basswood Managed Account	08/24/22	(12,754)	$32.31
Basswood Managed Account	08/24/22	(77,096)	$32.31
Basswood Managed Account	08/24/22	(9,407)	$32.31