Dime Announces Receipt of Federal Reserve and NYDFS Approvals for Locust Valley Branch Location

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) announced it received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a new branch in Locust Valley.

The branch will be located at 85 Forest Avenue and will be staffed by Liz Materia, who was previously a branch manager at The First National Bank of Long Island, which was recently acquired.

News Market Reaction – DCOMP

+0.38%

+0.38% Session close to close

In the Dec 10 session, DCOMP gained 0.38%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HAUPPAUGE, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Locust Valley.

The new branch, which will be located at 85 Forest Avenue, will be staffed by Liz Materia. Ms. Materia was previously a branch manager with The First National Bank of Long Island, which was recently acquired.

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

What approvals did Dime (NASDAQ: DCOM) announce on December 9, 2025?

Dime announced approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a Locust Valley branch.

Where will Dime's new Locust Valley branch (DCOM) be located?

The new branch will be located at 85 Forest Avenue, Locust Valley.

Who will staff the new Dime Locust Valley branch (DCOM)?

The branch will be staffed by Liz Materia, formerly a branch manager at The First National Bank of Long Island.

When did Dime announce the Locust Valley branch approvals (DCOM)?

Dime announced the approvals on December 9, 2025.

Does the Dime announcement (DCOM) mention regulatory approvals required to open the branch?

Yes. It specifies approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services.

Is the new Locust Valley hire at Dime (DCOM) coming from a bank that was acquired?

Yes. Liz Materia was previously a branch manager at The First National Bank of Long Island, which was recently acquired.