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Dime Community Bancshares reports developments tied to its New York State-chartered banking franchise, including operating results, dividends, capital-structure updates, and exchange-listing matters. Company news also covers its Greater Long Island deposit franchise, private and commercial banking expansion, treasury management, commercial real estate and multifamily lending, and middle-market C&I lending.
Recurring updates include market expansion efforts such as Lakewood, New Jersey, additions to commercial banking leadership, community partnerships, shareholder voting matters, and the status of publicly traded securities including common stock, preferred stock, and subordinated notes.
Dime (NYSE:DCOM) will transfer all publicly traded securities to the New York Stock Exchange with trading beginning April 7, 2026. Common stock will trade as DCOM, preferred stock as DCOM PR, and subordinated notes due 2034 as DCBG.
Management emphasized Dime’s 161-year New York banking history as a reason for the move and welcomed inclusion in the NYSE community.
Dime (NASDAQ:DCOM) declared a quarterly cash dividend of $0.25 per share, payable on April 24, 2026 to shareholders of record as of April 17, 2026. The company said it continues its trend of uninterrupted dividends.
Dime (NASDAQ:DCOM) announced a sponsorship with LPGA golfer Lexi Thompson on March 24, 2026. The partnership will support community engagement and programs to advance women in sports. Thompson, who turned professional at 15, has 15 professional titles including one major and has played in seven Solheim Cups.
The company highlighted shared values of resilience, community commitment, and innovation in remarks from CEO Stuart H. Lubow and a statement from Thompson.
Dime (NYSE:DCOM) hired Michael J. Ragusa Jr. as First Vice President to support its Lakewood, NJ expansion and Private and Commercial Banking platform.
According to Dime, Ragusa will focus on business and high‑net‑worth clients as the bank develops a new full‑service location at 500 Boulevard of the Americas. He previously served as Vice President at Metropolitan Commercial Bank.
Dime (NASDAQ:DCOM) elevated Charlie Terrasi to Head of Investor Commercial Real Estate and Multifamily, effective March 2, 2026. Terrasi will oversee growth of the Company’s Investor CRE portfolio while retaining oversight of the multifamily portfolio.
He has more than 20 years of experience and has originated and managed over $4 billion in loans across multiple asset classes.
Dime (NYSE:DCOM) promoted Jeffrey Barber to Head of Middle Market Commercial & Industrial Lending, Long Island, effective March 2, 2026. He will lead middle market C&I strategy, oversee relationship management and loan growth for privately held middle market businesses, and manage key real estate relationships.
Mr. Barber joined Dime in 2019 and previously served as CFO at Spartan Petroleum Corp; earlier roles include chief loan and credit officer at Gold Coast Bank and a 19-year career at State Bank of Long Island. Management highlighted his seven years of contributions and local-market expertise.
Dime Community Bancshares (NYSE:DCOM) announced a corporate rebrand and planned listing transfer. Subject to shareholder approval, the parent company will change its name to Dime Commercial Bancshares, Inc. and the bank will become Dime Commercial Bank.
The company expects to transfer the listing of its securities to the New York Stock Exchange on or around April 7, 2026. The name changes are expected to take effect soon after the Annual Shareholder Meeting on May 28, 2026, pending the shareholder vote.
Dime Community Bank (NASDAQ:DCOM) will rebrand to Dime Commercial Bank and the parent company will change its name to Dime Commercial Bancshares, subject to shareholder approval at the Annual Meeting on May 28, 2026.
The company also plans to transfer the listing of its securities to the New York Stock Exchange on or around April 7, 2026. An investor presentation supporting the rebrand has been issued by the company.
Dime Community Bancshares (NASDAQ: DCOM) awarded a grant to Long Island Economic Opportunity Collaborative (LIEOC) to support academic and vocational training in Nassau and Suffolk counties. The grant aims to foster personal growth, career advancement, and social mobility through community services and workforce development programs.
Dime Community Bancshares (NASDAQ:DCOM) announced its intention to redeem at par on March 30, 2026 all outstanding $40,000,000 principal amount of fixed/floating subordinated debentures due 2030. The redemption will be funded with cash on hand and is expected to be accretive to EPS.
Separately, the Board reauthorized the share repurchase program to allow repurchases of up to 1,566,947 outstanding common shares remaining under the existing plan. The company reported a Total Capital Ratio in excess of 16% and said buybacks depend on market conditions and regulatory approvals.