Dime Sponsors 10th New York City Small Business Challenge

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM), through its subsidiary Dime Community Bank, has announced the continuation of its commitment to supporting local businesses through the 10th annual Dime Community Bank $10K Small Business Challenge in Manhattan. The event, organized in partnership with 1010 WINS radio station, achieved a milestone with a record number of applicants from New York City competing for a $10,000 grant aimed at fostering business growth.

News Market Reaction

+3.91%

1 alert

+3.91% News Effect

On the day this news was published, DCOM gained 3.91%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., June 25, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced that the Bank, in partnership with 1010 WINS, hosted the Dime Community Bank $10K Small Business Challenge in Manhattan for the 10^th consecutive year. This year’s challenge saw a record number of applicants from across New York City competing for a $10,000 grant to support their new business growth.

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

When did Dime Community Bank (NASDAQ: DCOM) start the Small Business Challenge in NYC?

The Small Business Challenge began 10 years ago, making 2025 the 10th consecutive year of the program.

How much is the grant offered in Dime's Small Business Challenge 2025?

The Small Business Challenge offers a $10,000 grant to support new business growth.

Who can participate in Dime Community Bank's Small Business Challenge?

The challenge is open to small businesses from across New York City.

Who are the partners involved in Dime's Small Business Challenge 2025?

The challenge is hosted by Dime Community Bank in partnership with 1010 WINS radio station.