SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): January 6, 1999
DIME COMMUNITY BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-27782 11-3297463
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
209 HAVEMEYER STREET, BROOKLYN, NEW YORK 11211
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (718) 782-6200
NONE
(Former name or former address, if changed since last report)
<PAGE>
ITEMS 1 THROUGH 4, 6, 8 & 9. NOT APPLICABLE.
ITEM 5. OTHER EVENTS.
On January 6, 1999, Dime Community Bancshares, Inc. ("DCB") and its
wholly owned subsidiary, The Dime Savings Bank of Williamsburgh ("DSBW"),
publicly announced, in a press release dated January 6, 1999, a copy of
which is attached hereto as Exhibit 99 and is incorporated herein by
reference, the conclusion of the ten-day pricing period and the scheduled
closing date of January 21, 1999, relating to its planned acquisition of
Financial Bancorp, Inc.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits. The following Exhibits are filed as part of this report:
EXHIBIT NO. DESCRIPTION
99 Press Release issued January 6, 1999.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DIME COMMUNITY BANCSHARES, INC.
BY: /s/ KENNETH J. MAHON
___________________________________________
Kenneth J. Mahon
Executive Vice President and Chief Financial
Officer
Dated: January 7, 1999
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION
99 Press Release issued January 6, 1999.
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NEWS RELEASE
DIME COMMUNITY BANCSHARES, INC. ANNOUNCES CONCLUSION OF
PRICING PERIOD RELATED TO ACQUISITION OF FINANCIAL BANCORP, INC.
Brooklyn, NY, January 6, 1999. Dime Community Bancshares, Inc. ("DCB") (NASDAQ:
DCOM), the holding company for The Dime Savings Bank of Williamsburgh (the
"Bank"), announced today that the pricing period related to its planned
acquisition of Financial Bancorp, Inc. ("FIBC") (NASDAQ: FIBC) has concluded.
Under the terms of the merger agreement between DCB and FIBC, each outstanding
share of FIBC common stock will be converted into the right to receive, at the
election of the holder thereof, either shares of DCB common stock or cash,
subject to certain election, allocation and proration procedures. Based upon
the 10-day pricing period which commenced on December 22, 1998, and concluded
on January 6, 1999, stockholders of FIBC are expected to receive in exchange
for each share of FIBC common stock, either cash in the amount of $39.14 or
1.8282 shares of DCB common stock. The period during which stockholders of
FIBC can elect to receive DCB common stock or cash as consideration will expire
as of 5:00 p.m. eastern standard time on January 13, 1999. DCB and FIBC have
scheduled the closing of the acquisition to occur on January 21, 1999.
Dime Community Bancshares, Inc., is the holding company for The Dime Savings
Bank of Williamsburgh, a community-oriented financial institution providing
financial services and loans for housing within its market areas. The Bank
maintains its headquarters in the Williamsburgh section of the borough of
Brooklyn, and thirteen additional offices in the boroughs of Brooklyn, Queens,
and The Bronx, and in Nassau County. The Bank's deposits are insured up to the
maximum allowable amount by the Federal Deposit Insurance Corporation. More
information on the Company and Bank can be found on the Company's Internet
website at WWW.DIMEWILL.COM.
Contact: Kenneth A. Ceonzo - VICE PRESIDENT AND DIRECTOR OF INVESTOR RELATIONS
(718) 782-6200 extension 279
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