Dime Names Naor Boxer as Senior Vice President, Group Director

Rhea-AI Summary

Dime Community Bancshares, Inc. (NASDAQ: DCOM) has appointed Naor Boxer as Senior Vice President, Group Director, with his team based in Rockville Centre. Boxer joins from Signature Bank, bringing a strong client-centric approach and local community ties. Stuart H. Lubow, President and COO, emphasized Boxer's proven banking experience as a key asset for Dime's growth strategy, particularly in expanding its business banking offerings across Greater Long Island. Dime Community Bank, the company's subsidiary, holds over $13.1 billion in assets, leading in deposit market share among community banks in the area.

Positive

• Appointment of Naor Boxer as Senior VP is expected to enhance local market presence.
• Boxer has a strong track record and client-centric focus, aligning with Dime's growth strategy.
• Dime Community Bank leads in deposit market share among community banks in Greater Long Island.

Negative

• None.

News Market Reaction – DCOM

+3.53%

+3.53% Session move

In the trading session that priced this news, DCOM gained 3.53%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HAUPPAUGE, N.Y., April 17, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Naor Boxer will join the Company as Senior Vice President, Group Director. His team will be located in Rockville Centre. Most recently, Boxer was Senior Vice President and Group Director at Signature Bank.

Stuart H. Lubow, President and Chief Operating Officer of Dime, said, “Naor is a proven banker with deep ties in his local communities and a strong track record. His client-centric focus makes him an excellent fit for Dime as we grow the premier business bank on Greater Long Island and capitalize on recent disruption in our marketplace.”

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 $13.1 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 Naor Boxer and what is his role at Dime Community Bancshares?

Naor Boxer has been appointed as Senior Vice President, Group Director at Dime Community Bancshares, overseeing a team in Rockville Centre.

What previous experience does Naor Boxer have before joining Dime Community Bancshares?

Naor Boxer was previously Senior Vice President and Group Director at Signature Bank.

What is the current asset size of Dime Community Bank?

Dime Community Bank has over $13.1 billion in assets.

What is Dime Community Bancshares' market position on Greater Long Island?

Dime Community Bancshares has the number one deposit market share among community banks on Greater Long Island.

What is the significance of Naor Boxer's appointment for investors in Dime Community Bancshares?

Boxer's local ties and experience are expected to drive growth and enhance Dime's business banking capabilities, potentially benefiting investors.