Dime Announces Support for The Center for Advocacy, Support and Transformation

Dime (DCBG) announced support for The Center for Advocacy, Support and Transformation (CAST), focusing on CAST's North Fork Culinary Program on Long Island.

Rhea-AI Summary

Dime (DCBG) announced support for The Center for Advocacy, Support and Transformation (CAST), focusing on CAST's North Fork Culinary Program on Long Island.

CAST serves vulnerable and low-income individuals and families, addressing food, housing, employment and healthcare insecurity while promoting economic security through education and workforce training.

Argus May 20 session

+2.97% close to close Open Argus

Details

News Market Reaction – DCOM

In the May 20 session, DCOM gained 2.97%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends DCOM’s community involvement by supporting CAST’s North Fork Culinary Prog...

Analysis

This announcement extends DCOM’s community involvement by supporting CAST’s North Fork Culinary Program, which focuses on vulnerable and low-income residents. It follows other community and sponsorship initiatives alongside recent strong earnings and capital return actions. While the news does not alter the previously reported financial metrics, it reinforces the bank’s emphasis on local engagement and workforce development. Investors may watch how such community efforts complement loan growth, deposit trends, and future earnings releases.

Historical Context

5 past events · Latest: May 14

5 events

1. May 14

   Community support

   24h Move

   +1.3%

   Announced continued support for Committee for Hispanic Children and Families.

2. May 04

   Business expansion

   24h Move

   -1.5%

   Launched Equipment & Franchise Finance Group targeting middle market and franchises.

3. Apr 28

   Sponsorship renewal

   24h Move

   +0.2%

   Renewed lead sponsorship of Dime McCarren 5K supporting community initiatives.

4. Apr 23

   Preferred dividend

   24h Move

   -5.5%

   Declared quarterly cash dividend on 5.50% Series A preferred stock.

5. Apr 23

   Earnings update

   24h Move

   +4.3%

   Reported higher EPS, margin, liquidity and planned rebrand to Dime Commercial Bank.

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

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAUPPAUGE, N.Y., May 20, 2026 (GLOBE NEWSWIRE) -- Dime announced today that it is supporting The Center for Advocacy, Support and Transformation (“CAST”), specifically their North Fork Culinary Program.

CAST serves vulnerable and low-income individuals and families on the North Fork of Long Island. They provide a critical safety net helping address food, housing, employment, and healthcare insecurity. While serving a diverse population, they are committed to helping people achieve economic security through education and workforce training.

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 (DCBG) announce about its support for CAST on May 20, 2026?

Dime announced it is supporting The Center for Advocacy, Support and Transformation (CAST), with a focus on the North Fork Culinary Program. According to Dime, this partnership aims to strengthen services for vulnerable and low-income residents on Long Island’s North Fork.

What is the North Fork Culinary Program that Dime (DCBG) is supporting through CAST?

The North Fork Culinary Program is a CAST initiative that Dime is specifically supporting. According to Dime, the program contributes to education and workforce training, helping participants build skills that support economic security for vulnerable and low-income individuals and families.

Who does CAST serve in the community supported by Dime (DCBG)?

CAST serves vulnerable and low-income individuals and families on the North Fork of Long Island. According to Dime, CAST provides a critical safety net, addressing food, housing, employment and healthcare insecurity while working toward long-term economic security through education and workforce initiatives.

How does Dime’s support of CAST’s programs relate to workforce training?

Dime’s support focuses on CAST programs that include workforce training, such as the North Fork Culinary Program. According to Dime, these efforts help participants gain practical skills and education, which can improve employment opportunities and support economic stability for local residents.

What community needs are addressed by CAST, the organization supported by Dime (DCBG)?

CAST addresses food, housing, employment and healthcare insecurity for vulnerable and low-income people on Long Island’s North Fork. According to Dime, the organization also promotes economic security through education and workforce training, offering a broad support network for a diverse population.