Basswood Capital Management, L.L.C. and affiliated reporting persons filed an amended statement of changes in beneficial ownership with the SEC on November 2, 2026, disclosing a sale of Dime Commercial Bancshares, Inc. common stock on August 11, 2026.

Key Highlights

  • Transaction: Basswood Capital Management disposed of 8,594 shares of Dime Commercial Bancshares common stock on August 11, 2026.
  • Price: The shares were sold at $40.59 per share, according to the filing.
  • Remaining position: Following the transaction, Basswood Capital Management reported indirect beneficial ownership of 922,506 shares.
  • Reporting persons: The filing was made jointly by seven entities and individuals, including Basswood Capital Management, L.L.C., Bennett D. Lindenbaum, Matthew A. Lindenbaum, and four affiliated Basswood funds.
  • Relationship to issuer: Multiple reporting persons are identified as Director and/or "Director-by-Deputization" in relation to Dime Commercial Bancshares (NYSE:DCOM).
  • Amendment: This filing amends an original statement that was filed on August 13, 2026, with the earliest transaction date of August 11, 2026.

Basswood Group Reduces Stake in Dime Commercial Bancshares

According to the filing, Basswood Capital Management, L.L.C., a New York-based investment management firm located at 645 Madison Avenue, 10th Floor, disposed of 8,594 shares of Dime Commercial Bancshares common stock (par value $0.01 per share) on August 11, 2026, at a price of $40.59 per share. The transaction was coded "S," indicating an open-market sale. Following this disposal, the filing reports indirect beneficial ownership of 922,506 shares held by Basswood Capital Management.

Dime Commercial Bancshares, Inc. is a New York-based banking company whose common stock trades on the NYSE under the ticker DCOM. The filing was made jointly by seven reporting persons: Basswood Capital Management, L.L.C.; Bennett D. Lindenbaum; Matthew A. Lindenbaum; Basswood Financial Fund, L.P.; Basswood Opportunity Partners, L.P.; Basswood Financial Fund, Ltd.; and Basswood Financial Long Only Fund, L.P. Several of these parties are listed as having the role of "Director-by-Deputization" in relation to the issuer, in addition to a Director designation. Matthew Lindenbaum, identified as Managing Member, signed the filing on behalf of Basswood Capital Management on November 2, 2026.

The filing is an amendment (Form 4/A) to an original statement filed on August 13, 2026. The filing references Exhibit 99.1 for an explanation of responses, and notes that additional details regarding the ownership structure and the nature of indirect beneficial ownership are contained within that exhibit. No derivative securities transactions were reported in this filing.

What Was Disclosed

The amended filing disclosed a single open-market sale of 8,594 shares of Dime Commercial Bancshares common stock by Basswood Capital Management on August 11, 2026, at $40.59 per share, leaving the group with indirect beneficial ownership of 922,506 shares.