Dime Community Bank Announces Key Hires in Business Banking division
May 22 2019 - 4:15PM
Kenneth J. Mahon, President and Chief Executive Officer of Dime
Community Bancshares, Inc. (the “Company”) (NASDAQ: DCOM), the
parent company of Dime Community Bank (the “Bank” or “Dime”), is
pleased to announce today that Rosalind Sheron has joined the Bank
as Senior Vice President, Municipal Banking and Laurence Marchini
has joined the Bank as Senior Vice President, Team Leader
(Manhattan).
Mr. Mahon noted, “Our growing relationship-based Business
Banking division continues to attract seasoned executives. Dime’s
recent conversion to a commercial bank charter has provided the
Bank with the additional business opportunity of accepting
municipal deposits. Rosalind has significant experience in
the municipal banking arena and is intimately familiar with our
geographic footprint. She will be responsible for building
out our municipal banking business. The ability to gather municipal
deposits provides us another important avenue to lower our
loan-to-deposit ratio over the medium-to-long-term.” Mr. Mahon
continued, “Manhattan is a very important market for our Business
Banking division, and I am excited that Larry will be joining as a
team leader. We remain focused on hiring high quality teams
and transforming our business model into the pre-eminent Metro New
York community commercial bank.”
Ms. Sheron previously served as Vice President and Market
Manager for HSBC Bank USA, NA in Melville, New York. She has a
proven record of over 40 years of banking experience, including
Bank of America, Fleet Bank and National Westminister Bank USA.
Mr. Marchini previously served as Senior Vice President and Team
Leader for ConnectOne Bank. Prior to ConnectOne Bank, Mr.
Marchini was a Vice President of BankUnited, N.A., the Chief
Lending Officer at Greater Hudson Bank, and President and Director
of Gotham Bank of New York.
ABOUT DIME COMMUNITY BANCSHARES,
INC.
The Company had $6.48 billion in consolidated assets as of March
31, 2019. The Bank was founded in 1864, is headquartered in
Brooklyn, New York, and currently has twenty-nine retail branches
located throughout Brooklyn, Queens, the Bronx, Nassau County and
Suffolk County, New York. More information on the Company and the
Bank can be found on Dime's website at www.dime.com.
Contact: Avinash Reddy Executive Vice President – Chief
Financial Officer 718-782-6200 extension 5909
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