Dime Awards Grant to Accompany Capital
Rhea-AI Summary
Dime Community Bancshares (NASDAQ: DCOM) awarded a grant to Accompany Capital to support its mission of helping underserved entrepreneurs in New York City. The grant is intended to empower entrepreneurs to create jobs, stimulate economic growth, and strengthen NYC communities.
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Market Reality Check
Peers on Argus
Regional bank peers showed mixed, mostly modest moves (e.g., MBIN +1.92%, TCBK +0.52%, HOPE -0.61%), while DCOM gained 0.74%, suggesting a more company-specific tilt to today’s action.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Branch approvals | Positive | +3.4% | Regulatory approvals to open a new Locust Valley branch. |
| Dec 02 | Community grant | Positive | +0.8% | Grant supporting Transitional Services for Long Island housing programs. |
| Nov 21 | Community grant | Positive | +4.5% | Grant to Long Island Cares for food insecurity initiatives. |
| Nov 21 | Leadership hire | Positive | +4.5% | Hiring leader to drive New Jersey middle-market expansion. |
| Nov 19 | Branch expansion | Positive | -0.1% | Announcement of plans to open a Locust Valley branch in 2026. |
Recent news skewed toward growth initiatives and community grants, with mostly positive price reactions and one small divergence.
Over the last month, Dime Community Bancshares has issued several announcements tied to strategic growth and community engagement. These include plans on Nov 19 to open a Locust Valley branch, followed by a hire on Nov 21 to lead New Jersey middle-market expansion, and regulatory approvals for the Locust Valley branch on Dec 9. The company also announced multiple grants supporting Long Island and New York non-profits. Most of these updates saw positive one-day price reactions, framing today’s Accompany Capital grant as part of an ongoing community and growth narrative.
Market Pulse Summary
This announcement highlights Dime’s ongoing community investment strategy, adding another grant to recent support for regional organizations in New York. Paired with growth initiatives such as new branch plans and leadership hires, it reinforces a narrative of local engagement alongside expansion. Investors following DCOM may track how these community-focused actions complement fundamentals reported in the Q3 2025 10-Q, as well as subsequent regulatory filings and future updates on branch openings.
AI-generated analysis. Not financial advice.
HAUPPAUGE, N.Y., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that Dime has awarded a grant to Accompany Capital in support of their mission to help underserved entrepreneurs succeed by empowering them to create jobs, stimulate economic growth, and boost New York City communities.
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 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 community 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
What did Dime Community Bancshares (DCOM) announce on December 16, 2025?
How does the DCOM grant to Accompany Capital aim to help New York City communities?
Is the DCOM grant intended for national programs or focused on New York City?
Which organization received funding from Dime Community Bancshares (DCOM)?
Does the DCOM announcement mention financial terms or grant size?
