Dime Bancorp in Merger Talks With Larger Thrift
- Share via
NEW YORK — Dime Bancorp Inc. said Friday that it was in talks for a possible merger “with a larger financial institution,” but said it was still too early to say whether the deal would go through.
The announcement did not name the suitor, but a source close to the deal said Washington Mutual Inc., the nation’s largest thrift, was in talks to acquire Dime.
Washington Mutual officials declined to comment on any possible acquisitions.
Shares of Dime fell $1.20 to $36.88, while Washington Mutual fell 49 cents to $38.90, both on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
