FDIC PLANS PUBLIC SALE OF COMMON STOCK OF DIME BANCORP, INC.
FOR IMMEDIATE RELEASE PR-24-96 (4-12-96)
Media Contact: Robert M. Garsson (202-898-6993)
The FDIC is planning a public offering of 8,407,500 shares
of Common Stock of Dime Bancorp, Inc. A registration statement
for the offering, which will be managed by Merrill Lynch & Co.,
has been filed with the Securities and Exchange Commission. The
shares being offered represent all of the FDIC's ownership
position in Dime Bancorp, Inc.
The FDIC will obtain the shares immediately prior to the
public offering by exercising a warrant it owns. The warrant was
issued to the FDIC on June 22, 1993, by Anchor Bancorp, Inc.,
which merged with Dime Bancorp, Inc. on January 13, 1995. As a
result of the merger, Dime Bancorp, Inc. assumed Anchor's
obligations under the warrant.
* * *
A registration statement relating to these securities has
been filed with the Securities and Exchange Commission but has
not yet become effective. These securities may not be sold nor
may offers to buy be accepted prior to the time the registration
statement becomes effective.
This notice shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any State in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such State.
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Congress created the Federal Deposit Insurance Corporation in
1933 to maintain public confidence in the nation's banking
system. The FDIC insures deposits at the nation's 12,000 banks
and savings associations and it promotes the safety and
soundness of these institutions by identifying, monitoring and
addressing risks to which they are exposed.
FDIC press releases and other information are available on the
Internet via the World Wide Web at www.fdic.gov or through
Gopher at gopher.fdic.gov.