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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 Community Bancshares has appointed Judy Wu as Executive Vice President, General Counsel, and Corporate Secretary. Wu brings extensive experience from her previous roles at Flagstar Bank and Signature Bank, where she specialized in regulatory compliance and privacy. Dime's President and CEO, Stuart H. Lubow, expressed confidence in Wu's ability to contribute to the company's growth strategy. Wu holds a bachelor's degree in finance and accounting from NYU and a law degree from Fordham University School of Law.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) has appointed industry veteran Kenneth Scheriff to its commercial lending group. Scheriff brings extensive experience from State Bank of Long Island and New York Community Bancorp. His decision to join Dime was influenced by the bank's single point of contact model and relationship-based approach, aligning with his values.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the hiring of a deposit-focused Group to cover the Williamsburg market, led by John McDonough and Emanuel Diconimakis. The move aligns with the company's growth plan and commitment to expand its presence in Brooklyn. Dime's strong history and reputation in the area attracted the new Group, emphasizing the bank's innovative approach and community focus.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced technology upgrades for business customers, including expanding Commercial Online Banking for international wires and real-time foreign currency rates, expected by end of Q2 2024.
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