A merger preserves one charter and another name
On February 1, 2021, two New York banking groups combined, but the surviving bank was not the one whose name appeared over the door. Legacy Dime Community Bank merged into BNB Bank, and BNB became the surviving institution under the Dime Community Bank name. The transaction’s securities filing states that distinction explicitly. It is the starting point for understanding today’s Dime Commercial Bank. [3]
At the parent-company level, the New York corporation formerly called Bridge Bancorp, Inc. survived and renamed itself Dime Community Bancshares, Inc. The Delaware corporation with that same Dime name merged into it. A bank and its shareholder-owned parent are separate legal organizations; in this transaction, both took names associated with the acquired group. [3]
The dates behind the brand
The FDIC identifies the current Hauppauge institution as certificate 6976 and records February 19, 1909 as its establishment date. The 2020 merger announcement instead described BNB Bank as established in 1910, and traced the legacy Dime franchise to 1864. These source dates are retained rather than silently reconciled: the current charter’s regulatory date, BNB’s company-reported origin and the acquired Brooklyn franchise are distinct historical markers. [1][4]
The proposed combination was described in July 2020 as a way to create a larger business bank with complementary markets and services. Those were the companies’ expectations at announcement. The February 2021 filing subsequently established which companies and bank survived, rather than leaving the transaction at the proposal stage. The historical names still explain different parts of the combined business. [3][4]
Commercial becomes the name in 2026
On February 23, 2026, Dime announced plans to change the parent’s name to Dime Commercial Bancshares, Inc. and the bank’s to Dime Commercial Bank. The parent change was subject to a shareholder vote scheduled for May 28. The release also described a planned transfer of the securities listing to the New York Stock Exchange. The announcement itself did not establish that either change had already happened. [5]
By the July 23 earnings release, president and chief executive Stuart H. Lubow said the rebranding was complete, and the release used the Commercial name for both parent and bank. The current FDIC directory independently uses Dime Commercial Bank. Lubow connected the new name to the company’s development of commercial and private banking, making the branding change part of a longer business transition. [1][6]
A changing loan book still has property at its center
The parent’s June 2026 loan table reported $3.645 billion of business loans, up $280.8 million from March. Its definition includes commercial and industrial loans plus owner-occupied commercial real estate. That broader company category is not interchangeable with the narrower commercial-and-industrial line in regulatory data. A company borrowing against the building it occupies can therefore be classified differently in the two presentations. [6]
The same table showed $3.114 billion of multifamily and residential mixed-use loans and $2.771 billion of non-owner-occupied commercial real estate loans. Both balances were lower than a year earlier. These figures describe a bank shifting its mix while remaining substantially connected to property owners and rental housing, rather than abruptly leaving real-estate lending behind. [6]
Earnings tell a more measured story than the new sign
Dime Commercial Bancshares reported $33.0 million of second-quarter 2026 income available to common shareholders, compared with $27.9 million a year earlier. Its adjusted, non-GAAP measure was $34.7 million. The company also reported $69.0 million of nonperforming assets, lower than March’s $95.6 million but above the prior June’s $53.2 million. Those comparisons show improvement over one interval and deterioration over another. [6]
Deposits and business relationships are important to the strategy because they help finance new loans. The company reported $948.3 million of year-over-year growth in core deposits, defined here to exclude brokered and time deposits. That is a company-defined funding measure; it does not mean all deposits have identical cost or withdrawal behavior. [6]
The surviving bank’s financial boundary
At June 30, 2026, FDIC data show $15.034 billion of assets, $12.740 billion of deposits, $10.601 billion of net loans and leases, and $1.694 billion of equity for this insured bank. Net income was $74.661 million for the first six months of 2026. The dollar fields are converted from thousands; income covers six months, rather than the second quarter alone. [2]
The bank-only return records $8.695 billion of loans secured by real estate and $1.228 billion of commercial and industrial loans. These amounts belong to certificate 6976. Neither the parent’s shareholder earnings nor the acquired legacy bank’s older balance sheet should be substituted for them. The name has changed, while the surviving insured-bank identity remains traceable. [1][2]
Sources
- FDIC institution directory, October 2, 2026 index; reviewed October 5Official sourceBack to text: ↑1↑2↑3
- FDIC June 30, 2026 bank financials; dollar fields in thousands; income year to dateOfficial sourceBack to text: ↑1↑2
- Dime merger-completion Form 8-K/A, reporting the February 1, 2021 transactionFiling / reportBack to text: ↑1↑2↑3
- Bridge Bancorp and Dime merger announcement, July 1, 2020SourceBack to text: ↑1↑2
- Dime rebranding proposal, February 23, 2026SourceBack to text: ↑
- Dime Commercial Bancshares second-quarter 2026 results, July 23, 2026SourceBack to text: ↑1↑2↑3↑4↑5