Basswood Financial Fund, L.P. has filed a Form 144 to sell 7,987 shares of Dime Community Bancshares, Inc., a significant move that underscores the fund's ongoing strategy in the national commercial banking sector.

This filing, dated November 2, 2026, indicates a liquidity event for Basswood as it continues to manage its investment portfolio. The shares are valued at approximately $333,537 based on the market conditions at the time of the filing.

Background

Basswood Financial Fund, L.P. is a private investment fund based in New York, incorporated in New York and focused on various investment strategies. The fund has been active in the financial markets, with its recent filings indicating a robust trading activity.

What the Filing Says

The filing states that Basswood Financial Fund, L.P. is selling 7,987 shares of Dime Community Bancshares, Inc. The shares were acquired through open market purchases and/or transfers from affiliates.

Impact

This sale may affect the shareholder dynamics of Dime Community Bancshares, Inc., which operates within the national commercial banking sector. The transaction reflects Basswood's strategic management of its holdings.

What's Next

The filing does not say what happens next.

Details of the Transaction

The shares being sold represent a portion of the total 109,690 shares that Basswood Financial Fund, L.P. acquired through open market purchases and/or transfers from affiliates. This acquisition occurred over a period from February 3, 2014, to November 2025.

Brokerage Information

The transaction is being facilitated by Keefe, Bruyette & Woods, Inc., a well-known brokerage firm specializing in the financial services sector. This partnership indicates Basswood's strategic approach to leveraging experienced brokers for its trading activities.

Recent Sales Activity

In addition to the current filing, Basswood Financial Fund, L.P. has engaged in several sales of Dime Community Bancshares, Inc. shares in the past three months. Notably, the fund sold 15,571 shares across multiple transactions, generating gross proceeds of approximately $646,678.07 in August 2026 alone, with additional sales in October 2026 contributing significantly to this total.

Company Overview

Dime Community Bancshares, Inc., the issuer of the shares, is incorporated in New York and operates under the National Commercial Banks classification. The company has a strong presence in Hauppauge, NY, where its headquarters is located. The firm had a total of 43,729,549 shares outstanding as of October 23, 2026, as reported in its latest 10-Q filing.

Conclusion

The filing reflects Basswood Financial Fund, L.P.'s ongoing strategy to optimize its portfolio within the commercial banking sector, although it does not provide insights into future plans or additional transactions beyond this sale.