Dime Continues to Execute on Growth Plan with the Hire of Shawn Gines

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) has appointed Shawn Gines as Executive Vice President of Corporate and Specialty Finance, marking a significant step in the company's growth strategy. Gines, who will be based in Manhattan, joins from Webster Bank where he served as Regional President for NYC and New Jersey Metro Markets. In his new role, Gines will focus on expanding Dime's commercial lending operations, growing its corporate client base, overseeing the Fund Finance vertical, and developing new specialty verticals to diversify the bank's balance sheet. His extensive experience includes previous roles at Sterling National Bank, GE Capital, and Bank of America. CEO Stuart H. Lubow emphasized that Gines' appointment demonstrates Dime's ability to attract top banking talent.

Positive

• Strategic hire of experienced banking executive Shawn Gines to drive growth in commercial lending
• Expansion into new specialty verticals will help diversify the bank's balance sheet
• Strong focus on growing corporate clients and private equity relationships

Negative

• None.

News Market Reaction

-1.15%

1 alert

-1.15% News Effect

On the day this news was published, DCOM declined 1.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., June 16, 2025 (GLOBE NEWSWIRE) -- As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Shawn Gines will join Dime as Executive Vice President, Corporate and Specialty Finance.

Mr. Gines will play an integral role in the continued buildout and diversification of Dime’s commercial lending businesses, including growing Dime’s presence with corporate clients and private equity firms, overseeing the recently launched Fund Finance vertical, and building out other specialty verticals which over time will further diversify Dime’s balance sheet.

Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "We are excited to announce the hiring of Shawn, who will be one of the cornerstones of our growth plans in the years ahead. Shawn is a very well-known and well-regarded banker with a strong track record. Dime continues to be the bank of choice for talented bankers.”

“Shawn’s diverse experience in the geographies and asset classes we're building out will significantly accelerate our execution,” said Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending.

Gines, who will be based in Manhattan, was most recently Regional President for the NYC and New Jersey Metro Markets for Webster Bank. Previously, he was Senior Managing Director and led a Middle Market Commercial group at Sterling National Bank. Early in his career, Mr. Gines was employed at GE Capital and Bank of America where he held various roles with increasing responsibility.

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.

FAQ

Who is Shawn Gines and what is his new role at Dime Community Bank (DCOM)?

Shawn Gines is the newly appointed Executive Vice President of Corporate and Specialty Finance at Dime Community Bank. He will oversee commercial lending expansion, Fund Finance vertical, and development of new specialty verticals.

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

Dime's growth strategy includes expanding commercial lending businesses, growing corporate client relationships, overseeing Fund Finance vertical, and developing new specialty verticals to diversify their balance sheet.

What was Shawn Gines' previous experience before joining DCOM?

Gines was previously Regional President for NYC and New Jersey Metro Markets at Webster Bank, Senior Managing Director at Sterling National Bank, and held roles at GE Capital and Bank of America.

How will Shawn Gines' appointment impact Dime Community Bank's operations?

Gines will lead the expansion of commercial lending, grow corporate and private equity relationships, oversee Fund Finance vertical, and develop new specialty verticals to diversify Dime's balance sheet.

Where will Shawn Gines be based in his new role at DCOM?

Shawn Gines will be based in Manhattan for his role as Executive Vice President of Corporate and Specialty Finance at Dime Community Bank.