Dime Announces Technology Upgrades for Business Customers
Rhea-AI Summary
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced technology upgrades for business customers, including expanding Commercial Online Banking for international wires and real-time foreign currency rates, expected by end of Q2 2024.
Positive
- Dime expanding Commercial Online Banking for international wires and real-time foreign currency rates
- Enhancements expected to be available by the end of Q2 2024
Negative
- None.
News Market Reaction – DCOM
On the day this news was published, DCOM gained 4.18%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
HAUPPAUGE, N.Y., April 30, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today key technology enhancements for its business customers.
Dime is expanding its Commercial Online Banking platform to enable clients to initiate international wires in USD and foreign currency. This upgrade also offers real time requests for foreign currency rates. In addition, Dime will be an active member of the SWIFT Network. These enhancements are expected to be available towards the end of the second quarter of 2024.
Commenting, Stuart Lubow, Dime’s President and Chief Executive Officer said, “Dime continues to execute on our growth plan and provide our business customers the tools they need to run their business effectively.”
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
