BUZZ-Dime Community Bancshares slips after $125 mln stock offering

Reuters11-12

** Shares of regional lender Dime Community Bancshares

fall 2.7% to $33.51

** DCOM sells 3.9 mln shares in a public offering at $32/shr to raise $125 mln

** Stock offering priced at 7% discount to stock's last close

** Regional lenders with commercial real estate exposure looking to encash on Trump-fueled rally in bank stocks by raising equity

** Last week, regional lender Valley National Bancorp

also raised $400 mln in a stock offering to boost its regulatory capital

** DCOM plans to use the proceeds for general corporate purposes, which may include investments in the bank and potential balance sheet repositioning

** Raymond James and Keefe, Bruyette & Woods were joint book-running managers for the offering

** As of last close, DCOM shares up 27.8% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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