Dime Community Bancorp has completed its conversion from mutual to stock form, raising $145 million in its offering of 14.5 million shares.

The Brooklyn thrift also announced that it has completed its acquisition of Conestoga Bancorp and its subsidiary, Pioneer Savings Bank. As part of the transaction, Conestoga shareholders will receive $21.31 in cash for each of their shares.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.