Basswood Strategic Financial Fund, L.P. has filed a Form 144 to sell 14 shares of common stock in Dime Community Bancshares, Inc. This filing, dated November 2, 2026, is significant as it highlights the fund's investment strategy and its relationship with the national commercial banking sector.

Background

Basswood Strategic Financial Fund, L.P. is a limited partnership incorporated in Delaware. The fund focuses on strategic financial investments and is known for its active management style. The recent filing indicates its ongoing engagement in the financial markets, particularly in the banking sector.

What the Filing Says

The filing reveals that Basswood Strategic Financial Fund, L.P. intends to sell 14 shares of Dime Community Bancshares, Inc. The aggregate market value of the shares is reported at $585, based on a closing price of $41.76 on October 30, 2026. The shares were acquired through open market purchases and/or transfers from affiliates.

Impact

This transaction may affect various stakeholders, including shareholders of Dime Community Bancshares, Inc., as well as other investors in the national commercial banking sector. The filing reflects Basswood's strategic decisions and may influence market perceptions regarding Dime Community Bancshares.

What's Next

The filing does not say what happens next.

Issuer Information

The issuer of the shares, Dime Community Bancshares, Inc., is a national commercial bank incorporated in New York. The bank's business address is located at 898 Veterans Memorial Highway, Suite 560, Hauppauge, NY 11788. It operates under the Standard Industrial Classification of National Commercial Banks (SIC 6021) and has a fiscal year ending on December 31.

Acquisition Details

Basswood Strategic Financial Fund, L.P. acquired the shares it intends to sell through open market purchases and/or transfers from affiliates. The shares were obtained between January 2014 and November 2025, with an acquisition date for the shares being reported as January 31, 2025. The total amount of securities acquired by the fund during this time was 1,545 shares.

Market Context

The filing notes that the aggregate market value of the shares being sold is based on the closing price of $41.76 as of October 30, 2026. This price reflects the market conditions leading up to the sale and indicates the overall valuation of Dime Community Bancshares in the current financial landscape.

Broker Information

The transaction will be facilitated by Keefe, Bruyette & Woods, Inc., a well-known brokerage firm located at 787 7th Avenue, 4th Floor, New York, NY 10019. This firm specializes in the financial services sector, particularly in the banking industry.

Additional Remarks

The filing indicates that there have been no other securities sold by Basswood Strategic Financial Fund, L.P. in the past three months, suggesting a strategic approach to their investment activities. The relationship between Basswood and Dime Community Bancshares is further highlighted by the mention of a director relationship, indicating a deeper level of engagement between the two entities.