Dime Enhances Middle Market Lending Presence on Long Island

Dime Community Bancshares (NASDAQ: DCOM) has appointed Jason Quinn as Senior Relationship Manager within its middle market commercial and industrial (C&I) lending operations.

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) has appointed Jason Quinn as Senior Relationship Manager within its middle market commercial and industrial (C&I) lending operations. Quinn brings over 26 years of experience from Citibank, where he served as Senior Vice President, Relationship Manager. He will be based in Melville, focusing on expanding Dime's C&I business in Long Island.

Positive

• Hiring Jason Quinn with 26+ years of experience from Citibank could strengthen Dime's C&I lending operations.
• Expansion of C&I business in Long Island may drive growth for Dime.

Negative

• None.

Argus Publication session

-2.81% session move Open Argus

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News Market Reaction – DCOM

In the trading session that priced this news, DCOM declined 2.81%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HAUPPAUGE, N.Y., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it has hired Jason (“Jay”) Quinn as Senior Relationship Manager within its middle market C&I lending operations.

Quinn was previously with Citibank for over twenty-six years, where he most recently served as Senior Vice President, Relationship Manager. He will be based in Melville and focused on growing Dime’s C&I business in Long Island.

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 $13.6 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who has Dime Community Bancshares appointed as Senior Relationship Manager?

Dime Community Bancshares has appointed Jason Quinn as Senior Relationship Manager.

What is Jason Quinn's previous experience before joining Dime Community Bancshares?

Jason Quinn has over 26 years of experience at Citibank, where he most recently served as Senior Vice President, Relationship Manager.

What is the focus of Jason Quinn's role at Dime Community Bancshares?

Jason Quinn will focus on growing Dime's middle market C&I business in Long Island.

Where will Jason Quinn be based in his new role at Dime Community Bancshares?

Jason Quinn will be based in Melville.