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Dime Announces Expansion In Manhattan With New Madison Avenue Branch

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Dime Community Bancshares (NASDAQ: DCOM) has announced the opening of a new full-service branch at 232 Madison Avenue in Manhattan after receiving all necessary regulatory approvals. The strategic location, situated at the corner of Madison Avenue and 37th Street, represents the bank's expansion into Manhattan.

The new branch will be led by Lisa Reardon, a former branch manager from The First National Bank of Long Island. This expansion aligns with Dime's selective growth strategy and capitalizes on market disruption opportunities. The company's leadership, including CEO Stuart H. Lubow and EVP Jim Manseau, expressed enthusiasm about the strategic importance of this Manhattan location.

Dime Community Bancshares (NASDAQ: DCOM) ha annunciato l'apertura di una nuova filiale a servizio completo al 232 Madison Avenue a Manhattan, dopo aver ottenuto tutte le necessarie approvazioni regolamentari. La posizione strategica, situata all'angolo tra Madison Avenue e la 37th Street, segna l'espansione della banca a Manhattan.

La nuova filiale sarà guidata da Lisa Reardon, ex responsabile di filiale presso The First National Bank of Long Island. Questa espansione rientra nella strategia di crescita selettiva di Dime e sfrutta le opportunità di disruption del mercato. La direzione dell'azienda, tra cui l'amministratore delegato Stuart H. Lubow e l'EVP Jim Manseau, ha espresso entusiasmo per l'importanza strategica di questa sede a Manhattan.

Dime Community Bancshares (NASDAQ: DCOM) ha anunciado la apertura de una nueva sucursal de servicio completo en la 232 Madison Avenue en Manhattan tras obtener todas las aprobaciones regulatorias necesarias. La ubicación estratégica, situada en la esquina de Madison Avenue y 37th Street, representa la expansión del banco hacia Manhattan.

La nueva sucursal estará a cargo de Lisa Reardon, excadministradora de sucursal del The First National Bank of Long Island. Esta expansión se alinea con la estrategia de crecimiento selectivo de Dime y aprovecha las oportunidades de disrupción del mercado. El equipo directivo, incluido el CEO Stuart H. Lubow y el EVP Jim Manseau, expresó entusiasmo por la importancia estratégica de esta ubicación en Manhattan.

Dime Community Bancshares (NASDAQ: DCOM)가 매디슨 애비뉴 37번가 모퉁이의 232 Madison Avenue에서 필요한 모든 규제 승인을 얻은 후 새로운 풀서비스 지점을 열었다고 발표했다. 매디슨 애비뉴와 37th 스트리트의 모퉁이 위치한 이 전략적 장소는 맨해튼으로의 확장을 나타낸다.

새 지점은 Lisa Reardon이 이끌며, Long Island에 위치한 The First National Bank의 전 지점장이다. 이 확장은 Dime의 선택적 성장 전략과 시장 교란 기회를 활용하는 것이다. CEO Stuart H. Lubow와 EVP Jim Manseau를 포함한 회사 경영진은 이 맨해튼 위치의 전략적 중요성에 대해 열의를 표명했다.

Dime Community Bancshares (NASDAQ: DCOM) a annoncé l'ouverture d'une nouvelle agence universelle au 232 Madison Avenue à Manhattan, après avoir obtenu toutes les autorisations réglementaires nécessaires. Située à l'angle de Madison Avenue et de la 37e rue, cet emplacement stratégique marque l'expansion de la banque à Manhattan.

La nouvelle agence sera dirigée par Lisa Reardon, ancienne responsable de succursale à The First National Bank of Long Island. Cette expansion s'inscrit dans la stratégie de croissance sélective de Dime et exploite les opportunités de perturbation du marché. La direction, notamment le CEO Stuart H. Lubow et l'EVP Jim Manseau, a exprimé son enthousiasme quant à l'importance stratégique de cet emplacement à Manhattan.

Dime Community Bancshares (NASDAQ: DCOM) hat die Eröffnung einer neuen Vollservice-Filiale in der 232 Madison Avenue in Manhattan bekannt gegeben, nachdem alle notwendigen behördlichen Genehmigungen erteilt wurden. Die strategische Lage an der Ecke Madison Avenue und 37th Street markiert die Expansion der Bank nach Manhattan.

Die Filiale wird von Lisa Reardon, einer ehemaligen Filialleiterin der The First National Bank of Long Island, geleitet. Diese Expansion passt zur selektiven Wachstumsstrategie von Dime und nutzt Marktstörungspotenziale. Das Führungsteam, einschließlich CEO Stuart H. Lubow und EVP Jim Manseau, äußerte sich zuversichtlich über die strategische Bedeutung dieses Standorts in Manhattan.

Dime Community Bancshares (NASDAQ: DCOM) أعلنت عن افتتاح فرع جديد كامل الخدمات في 232 Madison Avenue في مانهاتن، بعد الحصول على جميع الموافقات التنظيمية اللازمة. يقع الفرع عند تقاطع Madison Avenue و37th Street ويمثل توسيع البنك في مانهاتن.

سيترأس الفرع Lisa Reardon، مديرة فرع سابقة في The First National Bank of Long Island. يتماشى هذا التوسع مع استراتيجية النمو الانتقائي لـ Dime ويستفيد من فرص اضطراب السوق. أعربت قيادة الشركة، بما في ذلك المدير التنفيذي Stuart H. Lubow ونائب الرئيس التنفيذي Jim Manseau، عن حماسها لأهمية الموقع الاستراتيجي في مانهاتن.

Dime Community Bancshares (NASDAQ: DCOM)宣布在纽约曼哈顿的 232 Madison Avenue 开设新的全方位服务分行,已获得所有必要的监管批准。该地点位于 Madison Avenue 与 37th Street 的拐角处,代表银行在曼哈顿的扩张。

新分行将由 Lisa Reardon 主理,她曾任 Long Island The First National Bank 的分行经理。此次扩张符合 Dime 的选择性增长策略,并利用市场扰动机会。包括首席执行官 Stuart H. Lubow 和执行副总裁 Jim Manseau 在内的公司领导对这一曼哈顿地点的战略重要性表示热情。

Positive
  • Strategic expansion into Manhattan market with prime Madison Avenue location
  • Successful recruitment of experienced branch manager from competitor bank
  • All regulatory approvals secured for new branch opening
Negative
  • None.

From Montauk to Manhattan

HAUPPAUGE, N.Y., Sept. 26, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that it has received all necessary regulatory approvals and has opened a full-service branch location at 232 Madison Avenue in Manhattan.

The branch will be staffed by Lisa Reardon, who was previously a branch manager with The First National Bank of Long Island.

Stuart H. Lubow, President and Chief Executive Officer of Dime, commented: “We are excited to open a new full-service banking location in Manhattan. Our new location, on the corner of Madison Avenue and 37th Street, aligns with our focus of selectively expanding our physical presence in a strategically important market. As we execute on our growth plan, we continue to capitalize on the disruption across our marketplace.”

Jim Manseau, Executive Vice President and Chief Banking Officer, commented: “For a number of years we have had our eye on expanding our branch presence in Manhattan. Finding the right corner location on Madison Avenue and recruiting an experienced and well-regarded branch manager in Lisa, will serve Dime well over time.”

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

Where is Dime Community Bank's (NASDAQ: DCOM) new Manhattan branch located?

Dime's new Manhattan branch is located at 232 Madison Avenue, on the corner of Madison Avenue and 37th Street.

Who will manage Dime Community Bank's new Madison Avenue branch?

Lisa Reardon, previously a branch manager with The First National Bank of Long Island, will manage the new Madison Avenue branch.

Why did Dime Community Bank (DCOM) expand to Manhattan?

Dime expanded to Manhattan as part of its strategic growth plan to capitalize on market disruption and selectively expand its physical presence in strategically important markets.

What approvals did Dime Community Bank need for the Manhattan branch?

Dime Community Bank received all necessary regulatory approvals before opening the full-service branch location in Manhattan.
Dime Community Bancshares Inc

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