Dime Community Bank

Dime Announces Expansion of Private and Commercial Bank With Deposit-Focused Group Hires

Retrieved on: 
Tuesday, April 9, 2024
DCOM, Signature Bank, Treasury, Dime Community Bank, Flagstar Bank

HAUPPAUGE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced the hiring of six deposit-focused Groups from the former Signature Bank and its successor, Flagstar Bank.

Key Points: 
  • HAUPPAUGE, N.Y., April 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced the hiring of six deposit-focused Groups from the former Signature Bank and its successor, Flagstar Bank.
  • Commenting on the new Group hires, Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “Building upon the successes we had over the past year, we are excited to announce the addition of several deposit-focused Groups.
  • Including the hires announced today, we have added more than twelve deposit-focused Groups over the past twelve months to capitalize on the disruption in our marketplace.
  • The hires announced today will deepen our presence in Brooklyn and Nassau county, where we are the pre-eminent community commercial bank, and allows us to enter the strategically important market of Westchester.

Dime Sponsors Economic Opportunity Council on Long Island

Retrieved on: 
Thursday, April 4, 2024
DCOM, Dime Community Bank, EOC

HAUPPAUGE, N.Y., April 04, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will sponsor the Economic Opportunity Council (EOC) of Suffolk County.

Key Points: 
  • HAUPPAUGE, N.Y., April 04, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will sponsor the Economic Opportunity Council (EOC) of Suffolk County.
  • The EOC supports homeless prevention and family development on Long Island.

Dime Announces Availability of Zelle® for Business Customers

Retrieved on: 
Friday, March 29, 2024
Business, DCOM, Dime, Dime Community Bank, Commercial

HAUPPAUGE, N.Y., March 29, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today the launch of Zelle® for Business.

Key Points: 
  • HAUPPAUGE, N.Y., March 29, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today the launch of Zelle® for Business.
  • Commenting on the launch of Zelle® for Business, Michael Fegan, Chief Technology and Operations Officer at Dime said “We are very excited to launch Zelle® for business today.
  • It reinforces Dime’s commitment to bring top-tier technology and solutions to our Private & Commercial banking customers.
  • Our business customers will gain the ability to have payments sent directly to their eligible Dime Business Checking account, typically within minutes.”

Dime Announces Significant Expansion of Private and Commercial Bank With Launch of National Deposits Group

Retrieved on: 
Tuesday, March 12, 2024
Bank OZK, Private, Dime Community Bank, Valley Bank, EVP, DCOM, Software, Insurance, Treasury, Commercial bank, Bank

HAUPPAUGE, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), continues to execute its growth plan and announced today the launch of a National Deposits Group.

Key Points: 
  • HAUPPAUGE, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), continues to execute its growth plan and announced today the launch of a National Deposits Group.
  • The new National Deposits Group will consist of:
    Martin Ball – Head of National Deposits.
  • Mr. Ball was previously Head of National Deposits at Valley Bank and prior to that an EVP of Bank OZK
    Glen Carballo – Director of National Deposits.
  • With the launch of the National Deposits Group, our Private and Commercial Bank will have another growth engine in the years ahead.”

Dime Continues Sponsorship for Sunrise Day Camp

Retrieved on: 
Friday, March 8, 2024
Dime Community Bank, Sibling, DCOM, Cancer

HAUPPAUGE, N.Y., March 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will continue its sponsorship in 2024 with Sunrise Day Camp, located on Long Island, which supports children with cancer and their siblings.

Key Points: 
  • HAUPPAUGE, N.Y., March 08, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will continue its sponsorship in 2024 with Sunrise Day Camp, located on Long Island, which supports children with cancer and their siblings.

Dime Continues Participation in Federal Home Loan Bank of New York’s (FHLBNY) Small Business Recovery Grant Program

Retrieved on: 
Monday, February 26, 2024
Dime Community Bank, DCOM

HAUPPAUGE, N.Y., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will continue to participate in the FHLBNY Small Business Recovery Grant Program, created to support qualifying small businesses and non-profit organizations in New York facing difficulties due to economic conditions.

Key Points: 
  • HAUPPAUGE, N.Y., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it will continue to participate in the FHLBNY Small Business Recovery Grant Program, created to support qualifying small businesses and non-profit organizations in New York facing difficulties due to economic conditions.

Dime Community Bancshares Inc. Appoints Judith H. Germano to its Board of Directors

Retrieved on: 
Thursday, September 28, 2023
New York University Stern School of Business, Shearman & Sterling, Justice, U.S. Department of Defense Strategy for Operating in Cyberspace, DCOM, NYU, New York University School of Law, Business, Risk management, University School, U.S. Department of Justice Office of Legislative Affairs, United States Court of Appeals for the Second Circuit, Garda National Economic Crime Bureau, Privacy, Distinguished Fellow of the British Computer Society, Dime Community Bank, District court, Retirement, Leading Counsel, Volatility, Cornell University, Shearman, Central Waqf Council, Dime, Computer security

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023.

Key Points: 
  • HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023.
  • Ms. Germano will fill the position vacated by the retirement of Marcia Z. Hefter.
  • Kenneth J. Mahon, Executive Chairman of Dime, said “Judith has extensive and valuable experience in cybersecurity, data privacy, compliance and risk management.
  • Ms. Germano specializes in cybersecurity and privacy, financial regulation and compliance, and risk management and strategy.

Dime Community Bancshares Inc. Announces Retirement of Marcia Z. Hefter from Board of Directors

Retrieved on: 
Thursday, September 28, 2023
DCOM, National bank, Dime Community Bank, Happiness, Community Bank, Growth, Bank, Health, Management

HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023.

Key Points: 
  • HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023.
  • Ms. Hefter’s background as a lawyer and long-standing service as a director provided the Board of Directors with a unique perspective and counsel in its oversight of the Company.
  • Following the closing of the Company’s merger of equals transaction in 2021, Ms. Hefter was appointed Lead Director.
  • I leave the Board of Directors with the knowledge that the future of Dime is robust and in excellent hands.”

KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.

Retrieved on: 
Wednesday, September 6, 2023
Banking, Professional Services, Finance, KBRA, Outlook, DCOM, BBB, Dime Community Bank, Hauppauge, Security (finance), Telescopic sight, K3, Positive, K2

On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").

Key Points: 
  • On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company").
  • In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, Dime Community Bank.
  • The Outlook for all long-term ratings was revised to Stable from Positive.
  • Click here to view the report.

Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

Retrieved on: 
Tuesday, September 5, 2023
DCOM, Dime Community Bank, Business loan, Rehabilitation, Nursing, C&I, Bank Leumi, Valley Bank, Interior design, Health care, Dime

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.

Key Points: 
  • HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.
  • In this role, Csillag will be responsible for building out Dime’s healthcare commercial banking business in the long-term care space.
  • Most recently, Csillag was at Valley National Bank and predecessor institution Bank Leumi, where he was Group Head of Healthcare.
  • Adding a healthcare vertical is consistent with our strategic goal of increasing the contribution of Business Loans (C&I and Owner-Occupied) to our balance sheet.