Dime Adds Lender Finance Vertical
Rhea-AI Summary
Dime Community Bancshares (NASDAQ: DCOM) announced the establishment of a new Lender Finance vertical, appointing Jason Brenner and Zack Schwartz as Co-Heads. Both executives bring significant experience from their previous roles at AXOS Bank and First Citizens Bank, respectively.
This strategic move represents Dime's fifth distinct vertical, alongside Healthcare, Mid-Corporate, Fund Finance, and Not-For-Profit Lending. The new division will focus on supporting private equity and private credit clients, furthering the company's commitment to diversifying its commercial lending businesses.
Positive
- Strategic expansion into Lender Finance vertical strengthens commercial lending portfolio
- Addition of experienced leadership with proven track record in the sector
- Diversification of revenue streams through five distinct lending verticals
Negative
- None.
News Market Reaction
On the day this news was published, DCOM gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Another Significant Step In Building Out Commercial Lending Businesses
HAUPPAUGE, N.Y., July 14, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Jason Brenner and Zack Schwartz were named Co-Heads of a newly established Lender Finance vertical.
Brenner was most recently Managing Director and Head of Originations for Non-Real Estate Lender Finance at AXOS Bank. Schwartz was most recently Director and Underwriting Team Lead at First Citizens Bank. Both will be based in Manhattan and report to Shawn Gines, Executive Vice President, Corporate and Specialty Finance.
Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "We are excited to announce the hiring of Jason and Zack. They will each play an integral role in the continued diversification of Dime’s commercial lending businesses. Adding their expertise allows us to deepen our focus on lender finance, with a dedicated vertical to support our private equity and private credit clients.”
Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending, said, “We continue to diversify our client offerings and with the addition of Lender Finance, we now have five distinct verticals (Healthcare, Lender Finance, Mid-Corporate, Fund Finance and Not-For-Profit Lending) that will contribute to our future growth. Jason and Zack's background and experience will continue to accelerate our platform buildout.”
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over
Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – 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 community banks with less than
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
Who are the new Co-Heads of Dime Community Bank's Lender Finance vertical?
What are the five lending verticals of Dime Community Bank (NASDAQ: DCOM)?
Who will the new DCOM Lender Finance Co-Heads report to?
What is the purpose of Dime Community Bank's new Lender Finance vertical?
