Brooklyn based community banker Dime Community Bancshares (DCOM) will be selling a new issue of non-cumulative perpetual preferred shares. The issue will NOT be investment grade.
DCOM is a relatively small banking company with total assets of just $6.3 billion so this offering will be interesting relative to pricing.
DCOM has posted a presentation on the company which can be read by interested potential investors–it is here.
This issue should trade on the OTC grey market, but no ticker has yet been announced yet.
The preliminary prospectus can be found here.
mcg was right on this new issue.