Dime Announces Receipt of Federal Reserve and NYDFS Approvals for Locust Valley Branch Location

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) announced it received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a new branch in Locust Valley.

The branch will be located at 85 Forest Avenue and will be staffed by Liz Materia, who was previously a branch manager at The First National Bank of Long Island, which was recently acquired.

Key Figures

Branch address 85 Forest Avenue Location of new Locust Valley branch

Market Reality Check

$30.85 Last Close

Volume Volume 268,868 is in line with the 20-day average of 271,677 (relative volume 0.99). normal

Technical Price $29.74 is trading above the 200-day MA of $27.97 and about 19.9% below the 52-week high of $37.13.

Peers on Argus

DCOM gained 0.27% with mixed but mostly positive moves among peers: HOPE +1.18%, BY +0.31%, NBHC +0.26%, TCBK +0.29%, while MBIN slipped -0.64%. No sector-wide momentum flag from the scanner.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 02	Community grant	Positive	+0.8%	Grant to Transitional Services for Long Island supporting housing services.
Nov 21	Community grant	Positive	+4.5%	Grant to Long Island Cares for food insecurity programs.
Nov 21	Growth hire	Positive	+4.5%	Hire to lead New Jersey middle-market expansion and new branch plans.
Nov 19	Branch expansion	Positive	-0.1%	Announcement of planned Locust Valley branch, subject to approvals.
Nov 10	Community partnership	Positive	-1.5%	Continuation of partnership with CDLI for housing and financial health.

Pattern Detected

Recent news has focused on community grants and expansion initiatives, with price reactions split between alignment and mild divergences on generally positive announcements.

Recent Company History

This announcement follows a series of community- and growth-focused updates. In November 2025, Dime outlined plans for the Locust Valley branch at 85 Forest Avenue and hired a leader for New Jersey middle-market expansion, both tied to broader growth plans. Multiple grants to Long Island nonprofits and a continued partnership with CDLI underscored community engagement. Alongside stronger Q3 2025 results reported on November 3, 2025, today’s regulatory approvals mark a concrete step from prior Locust Valley planning to execution.

Market Pulse Summary

This announcement confirms that regulators, including the Federal Reserve Bank of New York and the New York State Department of Financial Services, approved Dime’s new Locust Valley branch at 85 Forest Avenue. It operationalizes the branch plans first outlined in November 2025 and fits with recent growth and community-focused initiatives. Investors may watch for future updates on branch openings, deposit growth, and how this expansion complements the stronger Q3 2025 results already reported.

Key Terms

federal reserve bank of new york regulatory

"received approvals from the Federal Reserve Bank of New York and the New York"

A regional bank in the U.S. central banking system that carries out national monetary policy and runs the day-to-day financial operations that affect markets, such as buying and selling government bonds, providing short-term loans to banks, and overseeing big financial firms. Think of it as the Fed’s control room and trading desk: its actions on liquidity and interest rates directly influence borrowing costs, bank stability and asset prices, which matter to investors deciding where and when to put money.

new york state department of financial services regulatory

"and the New York State Department of Financial Services to open a branch location"

A state regulatory agency that oversees banks, insurance companies, crypto firms and other financial services operating in New York, issuing licenses, enforcing rules and conducting examinations to protect consumers and maintain market stability. Think of it as a referee and safety inspector for financial firms; its actions can affect a company’s ability to operate, regulatory costs, legal risk and investor confidence, so investors watch its decisions for signs of regulatory pressure or assurance.

AI-generated analysis. Not financial advice.

HAUPPAUGE, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Locust Valley.

The new branch, which will be located at 85 Forest Avenue, will be staffed by Liz Materia. Ms. Materia was previously a branch manager with The First National Bank of Long Island, which was recently acquired.

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 $14 billion in assets and the number one deposit market share among community banks on Greater Long Island ⁽¹⁾.

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 $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

What approvals did Dime (NASDAQ: DCOM) announce on December 9, 2025?

Dime announced approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a Locust Valley branch.

Where will Dime's new Locust Valley branch (DCOM) be located?

The new branch will be located at 85 Forest Avenue, Locust Valley.

Who will staff the new Dime Locust Valley branch (DCOM)?

The branch will be staffed by Liz Materia, formerly a branch manager at The First National Bank of Long Island.

When did Dime announce the Locust Valley branch approvals (DCOM)?

Dime announced the approvals on December 9, 2025.

Does the Dime announcement (DCOM) mention regulatory approvals required to open the branch?

Yes. It specifies approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services.

Is the new Locust Valley hire at Dime (DCOM) coming from a bank that was acquired?

Yes. Liz Materia was previously a branch manager at The First National Bank of Long Island, which was recently acquired.