Dime Continues to Execute Growth Plan With Hire of Michael Ragusa

Dime (NYSE:DCOM) hired Michael J. Ragusa Jr. as First Vice President to support its Lakewood, NJ expansion and Private and Commercial Banking platform.

Rhea-AI Summary

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.

Argus Mar 17 session

+1.77% close to close Open Argus

Details

News Market Reaction – DCOMP

On Mar 17, the first trading day after this news, DCOMP closed 1.77% above the previous close.

Data tracked by StockTitan Argus for the Mar 17 session.

Key Figures

New Lakewood branch address: 500 Boulevard of the Americas

New Lakewood branch address

500 Boulevard of the Americas

Planned full-service location in Lakewood, NJ

Historical Context

5 past events · Latest: Mar 02

5 events

1. Mar 02

   Leadership promotion

   24h Move

   +2.1%

   Elevated Charlie Terrasi to lead Investor CRE and multifamily growth.

2. Mar 02

   Leadership promotion

   24h Move

   +2.1%

   Promoted Jeffrey Barber to head middle market C&I lending on Long Island.

3. Feb 23

   Rebrand & listing

   24h Move

   +0.0%

   Announced rebrand and planned NYSE listing transfer, subject to approval.

4. Feb 23

   Rebrand & listing

   24h Move

   +0.0%

   Detailed rebrand to Dime Commercial Bank and NYSE transfer timeline.

5. Feb 17

   Community grant

   24h Move

   +0.0%

   Awarded a grant to LIEOC to support community services and training.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

de novo growth strategy

1 terms

de novo growth strategy technical

"Committed to De Novo Growth Strategy In Lakewood"

A de novo growth strategy is a company’s plan to create new products, operations, or business lines from the ground up rather than buying them through acquisitions or partnerships. For investors, it signals a longer, often more capital-intensive path with greater control and potential upside if the new ventures succeed, but also higher risk and a slower visibility into returns—think planting and tending a new orchard instead of buying an existing one.

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

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Committed to De Novo Growth Strategy In Lakewood

HAUPPAUGE, N.Y., March 16, 2026 (GLOBE NEWSWIRE) -- Dime today announced the hiring of Michael J. Ragusa Jr., as part of its Lakewood, NJ expansion efforts. Mr. Ragusa, who will be appointed First Vice President, will focus on delivering customized banking solutions to businesses and high net worth individuals in the rapidly growing Lakewood community, further strengthening Dime’s expanding Private and Commercial Banking platform in the area.

The addition of Mr. Ragusa comes as Dime is developing a new full-service location at 500 Boulevard of the Americas. Dime previously announced plans to enter the Lakewood market as part of its growth plan and commitment to serving the community.

Stuart H. Lubow, President and CEO of Dime said, “As we continue to grow our presence in the community, Michael’s deep roots in Lakewood, and relationship-driven approach will help us deliver the high level of service our clients expect from Dime.”

Mr. Ragusa added, “I am excited to join Dime at an important time for the Bank’s growth in Lakewood. Dime has built a strong reputation for relationship banking, supported by a best-in-class treasury management platform and lending prowess. I am excited to be part of Dime's growth story and helping clients and businesses in the community.”

Prior to joining Dime, Mr. Ragusa was a Vice President at Metropolitan Commercial Bank.

ABOUT DIME

Dime is a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island ⁽¹⁾.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Michael J. Ragusa Jr. and what role will he hold at Dime (DCOM)?

He will serve as First Vice President focused on Private and Commercial Banking at Dime. According to Dime, Ragusa will concentrate on delivering customized banking solutions to businesses and high‑net‑worth clients in Lakewood.

What does Dime (DCOM) say about its Lakewood expansion and new branch location?

Dime plans a new full‑service location at 500 Boulevard of the Americas in Lakewood. According to Dime, the branch is part of its De Novo growth strategy to strengthen local Private and Commercial Banking services.

How will Michael Ragusa’s hiring affect Dime’s presence in Lakewood (DCOM)?

The hire is intended to deepen local client relationships and market coverage for Dime. According to Dime, Ragusa’s Lakewood roots and relationship approach support the bank’s community growth and service delivery plans.

What experience does Michael Ragusa bring to Dime (DCOM)?

Ragusa was previously a Vice President at Metropolitan Commercial Bank, bringing regional banking experience. According to Dime, his background supports treasury management, lending, and relationship banking for Lakewood clients.

When was the Dime (DCOM) hiring and expansion announcement made?

The announcement was made on March 16, 2026, regarding the Lakewood hire and branch development. According to Dime, the move aligns with its ongoing De Novo growth strategy in the community.

What client segments will Dime (DCOM) target with the Lakewood expansion?

Dime will target local businesses and high‑net‑worth individuals as primary client segments in Lakewood. According to Dime, the focus is on customized banking, treasury management, and commercial lending services.