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.

After the stock offering and acquisition, Dime would have $1.2 billion in assets, $949 million in deposits, and $207 million in equity, with 15 branches.

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