Dime Expands Lending Presence on Long Island
Dime Community Bancshares (NASDAQ: DCOM) has strengthened its lending operations by appointing Antonia (Toni) Badolato as Senior Vice President and Group Leader.
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Rhea-AI Summary
Dime Community Bancshares (NASDAQ: DCOM) has strengthened its lending operations by appointing Antonia (Toni) Badolato as Senior Vice President and Group Leader. Badolato joins from M&T Bank, where she served as Senior Vice President, Group Manager.
The strategic hire aligns with Dime's commitment to expanding its business lending presence. Badolato cited Dime's quick customer response capabilities and flat organizational structure as key factors in her decision to join, viewing these as important differentiators for business growth.
According to President and CEO Stuart H. Lubow, this appointment supports Dime's strategic objectives of diversifying its balance sheet and increasing market share in the business lending sector.
Positive
- Strategic hire of experienced senior executive from competitor M&T Bank
- Expansion of business lending operations
- Implementation of organizational efficiency through flat structure
Negative
- None.
Details
News Market Reaction – DCOM
The recorded move for DCOM in the trading session of this news was +2.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HAUPPAUGE, N.Y., March 21, 2025 (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 Antonia (Toni) Badolato as Senior Vice President and Group Leader. Toni comes to Dime from M&T Bank where she held the position of Senior Vice President, Group Manager.
“I joined Dime given the organization’s commitment to growing their business lending presence. Dime’s ability to respond to customers quickly, combined with a flat organizational structure is a proven strategy for success. These qualities are key differentiators to win business and grow,” said Toni.
Stuart H. Lubow, President and Chief Executive Officer of Dime said “Hiring Toni to help drive our growth in business lending is a win for Dime. Toni’s addition is another example of our commitment to our stated goal of diversifying our balance sheet and growing our market share.”
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
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