- CEO
- Stuart H. Lubow
- Full Time Employees
- 887
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 898 Veterans Memorial Highway Hauppauge NY United States of America 11788
- IPO Date
- Jan 30, 2020
- Business
- Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank, a New York State-chartered trust company providing commercial banking and financial services to businesses, consumers, and municipalities primarily in the New York metropolitan area. The Bank accepts time, savings, and demand deposits gathered from customers within its market area and via the internet; it invests those funds in multifamily residential and commercial real estate loans, commercial and industrial loans, one-to-four family residential real estate loans, construction and land loans, letters of credit, secured and unsecured commercial and consumer loans, lines of credit, and home equity loans, as well as mortgage-backed securities, U.S. government and government-sponsored enterprise obligations, municipal bonds, and corporate debt and equity securities. The Bank also offers certificate of deposit account registry services, insured cash sweep programs, merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking, remote deposit capture, safe deposit boxes, individual retirement accounts, investment products through third-party broker-dealers, and title insurance broker services, with specialized lending and treasury management solutions for industries including real estate, healthcare, accounting, and legal professionals.
Founded in 1910 and headquartered in Hauppauge, New York, the company maintains 62 full-service branches across New York City and Long Island, supported by over 800 employees.
In recent developments, Dime Community Bancshares added $2 billion in core deposits over the past two years following 2023 area bank failures, enhancing liquidity and funding while reducing wholesale funding reliance; Kroll Bond Rating Agency upgraded the ratings outlook to Positive from Stable in June 2025, assigning a BBB+ rating to deposits and senior unsecured debt. The company reports strong momentum in business loan growth and core deposit expansion as of Q3 2025 earnings, with expectations for net interest margin improvement from loan repricing in 2026; it announced plans to open a new full-service branch in Locust Valley in 2026 subject to regulatory approval, alongside community initiatives such as grants to local housing services organizations.