Dime Awards Grant to Transitional Services for Long Island for Housing Services

Rhea-AI Summary

Dime Community Bancshares (NASDAQ: DCOM) announced on December 2, 2025 that the company awarded a grant to Transitional Services for Long Island (TSLI). The grant supports TSLI's work providing housing and support services to adults, families, and homeless individuals in Suffolk County, New York.

The grant represents a community investment by Dime and targets local housing and support programs administered by TSLI.

Market Reality Check

$17.82 Last Close

Volume Volume 284,684 is at 1.06x the 20-day average, indicating slightly elevated interest ahead of the grant news. normal

Technical Price at 31.24 is trading above the 200-day MA of 27.97, reflecting a pre-existing upward trend.

Peers on Argus

Regional bank peers showed modest gains, with moves from 0% to 1.65%, while DCOM was up 3.42%, suggesting a more stock-specific bid beyond the sector’s mild strength.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Branch approvals	Positive	+3.4%	Regulatory approvals to open a new Locust Valley branch location.
Dec 02	Community grant	Positive	+0.8%	Grant awarded to TSLI supporting local housing and support services.
Nov 21	Community grant	Positive	+4.5%	Grant to Long Island Cares for food-insecurity programs on Long Island.
Nov 21	Expansion hire	Positive	+4.5%	Senior hire to lead middle-market commercial expansion in New Jersey.
Nov 19	Branch expansion plan	Positive	-0.1%	Announcement of plans to open a Locust Valley branch in 2026.

Pattern Detected

Recent strategic and community-focused announcements have generally coincided with positive price reactions, with only one slight divergence on a new-branch plan.

Recent Company History

This announcement continues Dime’s pattern of community and expansion-related news. In November 2025, the company outlined plans for a new Locust Valley branch and later received regulatory approvals, both tied to its North Shore growth strategy. Grants to Long Island Cares and now TSLI highlight ongoing local community investment. The hiring of a New Jersey middle-market leader further underscores geographic expansion. Historically, these growth and community items have seen mostly positive next-day price reactions, framing today’s grant within a broader outreach and growth narrative.

Market Pulse Summary

This announcement reflects Dime’s ongoing community investment strategy, directing a grant to TSLI to support housing and related services in Suffolk County. Recent history shows a series of outreach and growth steps, including earlier grants and new branch plans, framing this as part of a broader local engagement and expansion narrative. Investors may watch how such initiatives interact with the company’s financial performance and future regulatory or branch-development updates. No specific financial terms for the grant were disclosed.

AI-generated analysis. Not financial advice.

HAUPPAUGE, N.Y., Dec. 02, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that Dime has awarded a grant to Transitional Services for Long Island (“TSLI”). TSLI provides housing and support services to adults, families, and homeless individuals in Suffolk County.

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 Operating Officer and 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 did Dime (NASDAQ: DCOM) announce on December 2, 2025?

Dime announced it awarded a grant to Transitional Services for Long Island (TSLI) to support housing and support services in Suffolk County.

Who is the grant recipient mentioned by Dime (DCOM)?

The recipient is Transitional Services for Long Island (TSLI), which provides housing and support services to adults, families, and homeless individuals.

What services does TSLI provide in Suffolk County according to Dime's announcement?

TSLI provides housing and support services to adults, families, and homeless individuals in Suffolk County.

Is the Dime (DCOM) announcement about a loan, acquisition, or grant?

The announcement describes a grant awarded by Dime, not a loan or acquisition.

How does the Dime (DCOM) grant relate to community investment?

The grant is presented as a community investment supporting local housing and support programs delivered by TSLI in Suffolk County.