Dime Announces Elevation of Charlie Terrasi to Head of Investor CRE and Multifamily
Dime (NASDAQ:DCOM) elevated Charlie Terrasi to Head of Investor Commercial Real Estate and Multifamily, effective March 2, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Dime (NASDAQ:DCOM) elevated Charlie Terrasi to Head of Investor Commercial Real Estate and Multifamily, effective March 2, 2026. Terrasi will oversee growth of the Company’s Investor CRE portfolio while retaining oversight of the multifamily portfolio.
He has more than 20 years of experience and has originated and managed over $4 billion in loans across multiple asset classes.
Positive
- Consolidated oversight of Investor CRE and multifamily portfolios
- Experienced leadership: 20+ years in commercial real estate and $4B originated/managed
Negative
- None.
Details
News Market Reaction – DCOM
On Mar 2, the day this news came out, DCOM closed 1.76% above the previous close.
Data tracked by StockTitan Argus for the Mar 2 session.
Key Figures
- Industry experience
- More than 20 years
- Experience of Charlie Terrasi in banking and real estate
- Loans originated/managed
- Over $4 billion
- Cumulative loans across various asset classes in Terrasi’s career
Historical Context
-
Planned rebrand and listing transfer to NYSE pending shareholder approval.
-
Further details on name change and NYSE listing transfer timing.
-
Grant to LIEOC supporting academic and vocational training programs.
-
Redeeming $40M subordinated debt and reauthorizing share repurchases.
-
Declared $0.34375 quarterly dividend on Series A preferred stock.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
commercial real estate financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAUPPAUGE, N.Y., March 02, 2026 (GLOBE NEWSWIRE) -- Dime announced today the elevation of Charlie Terrasi to Head of Investor Commercial Real Estate and Multifamily. Mr. Terrasi will manage and oversee growth in the Company’s Investor CRE portfolio, in addition to his current oversight of the multifamily portfolio.
Stuart H. Lubow, CEO and President, stated, "As a result of Charlie's successful leadership and management of the Bank’s multifamily portfolio, he will take on the additional responsibility of leading and managing our Investor Commercial Real Estate business, which focuses on long tenured and successful investors who value the combination of Dime’s deep industry knowledge and relationship-based model.”
Mr. Terrasi is an accomplished banking and real estate executive with more than 20 years of experience in commercial real estate, multifamily, construction, special assets, property sales and lease negotiations. Over his career, Mr. Terrasi has originated and managed over
ABOUT DIME
Dime is a New York State-chartered trust company with approximately
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 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.