KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.

NEW YORK--(BUSINESS WIRE)-- On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company"). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, Dime Community Bank. The Outlook for all long-term ratings was revised to Stable from Positive.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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John Rempe, Director

+1 301-969-3045

john.rempe@kbra.com

Ian Jaffe, Senior Managing Director

+1 646-731-3302

ian.jaffe@kbra.com

Business Development

Justin Fuller, Senior Director

+1 646-731-1250

justin.fuller@kbra.com

Source: KBRA