Dime Commercial Bancshares to Acquire ES Bancshares

The bank holding company will purchase ES Bancshares for $58 million in a cash and stock deal.

Updated on Oct. 20, 2026 in Financial Services

Isometric editorial illustration showing two simplified building blocks side-by-side, representing the consolidation of regional banking firms. — Dime Commercial Bancshares has agreed to acquire ES Bancshares in a cash and stock deal valued at $58 million. AI Illustration. Upload story photo >

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Dime Commercial Bancshares, based in Hauppauge, New York, has agreed to acquire ES Bancshares for $58 million. The transaction is valued at 109% of the tangible book value of the Staten Island-based firm.

Why it matters

The deal signals continued consolidation within the regional banking sector as firms look to expand their asset bases. Meanwhile, Texas Banc Financial is also pursuing an acquisition of Haskell Bancshares to grow its own portfolio.

Dime Commercial Bancshares holds $15 billion in total assets, while the target institution, Empire State Bank, manages $596 million. Texas-based Texas Banc Financial, which holds $2.5 billion in assets, is acquiring Haskell National Bank, which holds $72.6 million.

The players

Dime Commercial Bancshares

A financial holding company headquartered in Hauppauge, New York, that manages $15 billion in assets.

ES Bancshares

A banking institution based in Staten Island, New York, that operates Empire State Bank.

Texas Banc Financial

A financial services organization based in Fort Worth, Texas, with $2.5 billion in assets under management.

Haskell Bancshares

The holding company for Haskell National Bank, which is based in Haskell, Texas.

The details

Dime Commercial Bancshares plans to utilize a combination of cash and stock to complete the purchase of the Staten Island entity. Simultaneously, Texas Banc Financial has entered into an agreement to acquire the holding company of Haskell National Bank.

Dime Commercial Bancshares expects to close the acquisition of ES Bancshares in the first quarter of 2027.
Texas Banc Financial expects to complete its acquisition of Haskell Bancshares by early 2027.

Market Landscape

These acquisitions align with the ongoing consolidation trend in the U.S. community banking sector as firms compete for scale. This movement reflects a broader shift where regional players absorb smaller institutions to optimize operations and broaden their competitive reach.

Customers of the acquired banks may eventually see changes to branch availability or service offerings as the companies integrate operations. Account holders should monitor communications from their respective banks for updates on how these transitions could affect their accounts.

The takeaway

Bank acquisitions often lead to streamlined services, though customers should remain informed about potential changes to branch access and policy terms during integration. Understanding the landscape of regional banking can help consumers anticipate shifts in their own financial services experience.