Dime Community Bancshares, Inc. operates a community banking business that gathers deposits and deploys them into multifamily, commercial real estate, C&I, residential mortgage and securities portfolios.
Recurring news covers operating results, net interest income and margin trends, loan repricing, core deposit and business-loan growth, dividends on Series A preferred stock, and specialized commercial banking initiatives such as equipment and franchise finance. Company announcements also include market expansion, banker hiring, financial wellness partnerships and local community sponsorships in New York.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the promotion of Stuart H. Lubow to President of the Company and Dime Community Bank. Previously Chief Banking Officer, Lubow will now oversee Retail Banking, IT, Operations, and Marketing. CEO Kenneth Mahon praised Lubow's leadership and the Business Banking division's strong performance, noting significant loan and deposit growth. The Company reported consolidated assets of $6.35 billion as of March 31, 2020, and continues its strategy to enhance its position as a premier business bank in New York.
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