Fitch Ratings Affirms Dime Community Bancshares, Inc.’s Ratings at “BBB” with a “Stable” Outlook
November 01 2019 - 12:30PM
Dime Community Bancshares, Inc. (the “Company”) (NASDAQ: DCOM), the
parent company of Dime Community Bank (the “Bank”), announced that
Fitch Ratings, in a report dated November 1st, affirmed its
investment grade ratings for the Company and the Bank and
maintained its Rating Outlook at “Stable”.
Kenneth J. Mahon, President and Chief Executive
Officer, stated, “We are pleased to continue to receive a favorable
rating from Fitch Ratings. We remain highly focused on growing
relationship-based loans and deposits as we continue to transform
our business model from that of a monoline thrift into the
pre-eminent Metro New York community commercial bank.”
ABOUT DIME COMMUNITY BANCSHARES,
INC.
The Company had $6.43 billion in consolidated
assets as of September 30, 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. Visit
www.dime.com for more information on the Company and the
Bank.
Contact: Avinash ReddyExecutive Vice President –
Chief Financial Officer718-782-6200 extension 5909
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