Dime Continues to Execute on Growth Plan With Commercial Lending Expansion

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) announced a significant expansion of its commercial lending platform through the addition of several experienced banking professionals. The new hires include Ryan Kent as Director of Commercial Strategic Initiatives, Elvis Grgurovic as Co-Head of Mid Corporate vertical, Eric Pelletier as Head of Syndications, and other senior executives primarily from Webster Bank.

The strategic appointments align with Dime's focus on building a diversified commercial loan portfolio and strengthening its capabilities in mid-corporate lending, specialty lending, and loan syndications. The company emphasizes its position as a dynamic, client-focused institution with a streamlined organizational structure enabling quick decision-making.

Positive

• Strategic expansion of commercial lending platform with experienced senior hires
• Enhanced capabilities in mid-corporate, specialty lending, and loan syndications
• Successful talent acquisition from major competitors like Webster Bank

Negative

• None.

News Market Reaction

+0.85%

1 alert

+0.85% News Effect

On the day this news was published, DCOM gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced the expansion of its commercial lending platform with the addition of several seasoned banking professionals. The following individuals have joined Dime:

• Ryan Kent has joined as Director of Commercial Strategic Initiatives. He was previously a Senior Manager at Deloitte and prior to that a Senior Managing Director at Webster Bank
• Elvis Grgurovic has joined as Co-Head of the Mid Corporate vertical. He was previously a Managing Director at Webster Bank
• Eric Pelletier has joined as Head of Syndications. He was previously a Managing Director at Webster Bank
• Matt Greene has joined as a Senior Vice President in the Mid-Corporate and Specialty Finance vertical. He was previously a Senior Managing Director at Webster Bank
• Barry Renow has joined as Senior Vice President in the Mid-Corporate and Specialty Finance Vertical. He was previously a Senior Vice President at BHI USA
  

Stuart H. Lubow, President and Chief Executive Officer of Dime, commented: “We are excited to add several talented individuals as we continue to execute on our growth plan. The hires align with our focus of building a diversified commercial loan portfolio. Dime is the bank-of-choice for top tier talent looking to join a dynamic, client-focused institution with a flat organizational structure that enables speed and agility.”

Thomas X. Geisel, Senior Executive Vice President of Commercial Lending, commented: “The addition of these high-performing professionals strengthens our capabilities across core areas including mid-corporate and specialty lending, and loan syndications. Each of them will play an important role in scaling our platform and delivering value to our clients through customized credit solutions, industry expertise and responsive service.”

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 strategic hires did Dime Community Bancshares (DCOM) announce in September 2025?

Dime announced five key hires including Ryan Kent as Director of Commercial Strategic Initiatives, Elvis Grgurovic as Co-Head of Mid Corporate vertical, Eric Pelletier as Head of Syndications, and two Senior Vice Presidents in Mid-Corporate and Specialty Finance.

How is Dime Community Bank (DCOM) expanding its commercial lending operations?

Dime is expanding by strengthening its commercial lending platform through hiring seasoned banking professionals to enhance capabilities in mid-corporate lending, specialty finance, and loan syndications.

What is Dime Community Bank's (DCOM) growth strategy for 2025?

Dime's growth strategy focuses on building a diversified commercial loan portfolio and positioning itself as a dynamic, client-focused institution with a flat organizational structure for faster decision-making.

Where did Dime Community Bank's (DCOM) new executives come from?

Most of the new executives, including Ryan Kent, Elvis Grgurovic, Eric Pelletier, and Matt Greene, came from Webster Bank, while Barry Renow joined from BHI USA.