Dime Announces Elevation of Charlie Terrasi to Head of Investor CRE and Multifamily
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.
News Market Reaction – DCOM
In the Mar 2 session, DCOM gained 1.76%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 23 | Rebrand announcement | Neutral | -0.5% | Planned rebrand and listing transfer to NYSE pending shareholder approval. |
| Feb 23 | Rebrand details | Neutral | -0.5% | Further details on name change and NYSE listing transfer timing. |
| Feb 17 | Community grant | Positive | +1.0% | Grant to LIEOC supporting academic and vocational training programs. |
| Jan 26 | Debt redemption & buyback | Positive | +0.8% | Redeeming $40M subordinated debt and reauthorizing share repurchases. |
| Jan 22 | Preferred dividend | Positive | -3.1% | 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.
Recent corporate actions and capital returns (debt redemption, buybacks, dividends) often saw modestly aligned price reactions, with only the preferred dividend headline coinciding with a larger negative move.
Over the past months, Dime reported several corporate developments, including a rebrand to Dime Commercial Bank and a planned NYSE listing transfer around April 7, 2026. Capital return actions included redeeming $40,000,000 in subordinated debt and reauthorizing repurchases of up to 1,566,947 shares, plus a preferred dividend of $0.34375. Community support via a grant to LIEOC drew a modestly positive reaction. Today’s leadership elevation in Investor CRE and multifamily fits this pattern of incremental strategic and governance updates.
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.
