Dime Expands Williamsburg Presence with Acquisition of Former Signature Bank Space

Dime (NASDAQ:DCBG) signed a lease to expand its Williamsburg, Brooklyn presence at 185 Broadway, in a former Signature Bank space owned by the Forman Family, owners of Peter Luger Steak House.

Rhea-AI Summary

Dime (NASDAQ:DCBG) signed a lease to expand its Williamsburg, Brooklyn presence at 185 Broadway, in a former Signature Bank space owned by the Forman Family, owners of Peter Luger Steak House.

The new private and personalized banking location is expected to open in the fourth quarter.

Key Figures

Equipment platform size: $2 billion Preferred dividend: $0.34375 per share Preferred coupon: 5.50% +5 more

Equipment platform size

$2 billion

Assets in prior equipment platform led by Keith Smith

Preferred dividend

$0.34375 per share

Quarterly cash dividend on Series A preferred stock

Preferred coupon

5.50%

Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A

Dividend payable date

May 15, 2026

Payment date for Series A preferred dividend

Dividend record date

May 8, 2026

Record date for Series A preferred dividend

Dime McCarren 5K date

June 13

Scheduled date of sponsored 5K at McCarren Park

Branch address

185 Broadway

Location of new Williamsburg banking space

Founding year

1864

Year Dime was founded in Williamsburg

Historical Context

5 past events · Latest: May 20

5 events

1. May 20

   Community support

   24h Move

   -0.1%

   Announced support for CAST’s North Fork Culinary Program on Long Island.

2. May 14

   Community support

   24h Move

   -0.5%

   Continued support for the Committee for Hispanic Children and Families.

3. May 04

   New lending vertical

   24h Move

   +0.2%

   Launched Equipment & Franchise Finance Group targeting middle market borrowers.

4. Apr 28

   Event sponsorship

   24h Move

   +0.0%

   Continued lead sponsorship of the Dime McCarren 5K in Brooklyn.

5. Apr 23

   Preferred dividend

   24h Move

   +0.8%

   Declared quarterly cash dividend on 5.50% Non-Cumulative Perpetual Preferred Stock, Series A.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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HAUPPAUGE, N.Y., May 25, 2026 (GLOBE NEWSWIRE) -- Dime today announced the expansion of its Williamsburg footprint with the signing of a lease for a prominent banking space formerly occupied by Signature Bank. The space is owned by the Forman Family, who are also the owners of Peter Luger Steak House – one of New York City’s most iconic institutions and a valued client of Dime.

The expansion underscores Dime’s continued investment in Brooklyn and its long-term commitment to serving local businesses, residents, and community organizations throughout Williamsburg and the surrounding neighborhoods. Located in the heart of Williamsburg, the new space at 185 Broadway will enhance Dime's ability to provide personalized and private banking services to its clients. The expansion also reflects Dime’s strategic growth initiatives following significant shifts in the New York banking landscape over the past several years.

“Dime, which was founded in Williamsburg in 1864, has always been a key part of the fabric of this vibrant neighborhood. It gives us great satisfaction to expand our presence in Williamsburg,” said Stuart H. Lubow, President and CEO. “This new location represents more than just growth for Dime — it reflects our ongoing commitment to relationship banking and our dedication to supporting the businesses and families that drive Brooklyn forward.”

The new location is expected to open in the fourth quarter, with additional details regarding timing and services to be announced in the coming months.

ABOUT DIME

Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island ⁽¹⁾.

Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

 ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for commercial banks with less than $20 billion in assets.

FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Dime (NASDAQ:DCBG) announce about its new Williamsburg banking location?

Dime announced it has leased a prominent former Signature Bank space at 185 Broadway in Williamsburg. According to Dime, this new site will expand its ability to offer personalized and private banking to local businesses, residents, and community organizations in Brooklyn.

When is Dime (DCBG) planning to open its new Williamsburg branch at 185 Broadway?

The new Dime location at 185 Broadway is expected to open in the fourth quarter. According to Dime, additional details on the exact timing and services offered at this Williamsburg banking office will be shared in the coming months.

Why is Dime (DCBG) expanding its presence in Williamsburg, Brooklyn?

Dime is expanding in Williamsburg to strengthen its long-term commitment to local clients and communities. According to Dime, the new space supports its relationship banking focus and strategic growth initiatives following recent shifts in the New York banking landscape.

Where is Dime’s new former Signature Bank space located in Williamsburg?

Dime’s new banking space is located at 185 Broadway in the heart of Williamsburg, Brooklyn. According to Dime, the site enhances its footprint in the neighborhood where the bank was founded in 1864 and supports private and personalized banking services.

Who owns the Williamsburg property leased by Dime (DCBG) and what is the connection to Peter Luger?

The 185 Broadway property is owned by the Forman Family, who also own Peter Luger Steak House. According to Dime, Peter Luger is both an iconic New York City institution and a valued client, underscoring Dime’s deep local relationships in Brooklyn.

How does the new Williamsburg location fit into Dime (DCBG)’s growth strategy?

The new Williamsburg lease supports Dime’s strategic growth initiatives in Brooklyn after changes in the New York banking market. According to Dime, the branch expansion reflects its focus on relationship banking and serving businesses, residents, and community groups in surrounding neighborhoods.