FNF Fidelity National Financial Inc

The Dime Savings Bank of Williamsburgh Chooses Fidelity Information Services for Core and ATM Processing New Scalable Solution from Fidelity Positions Dime for Future Growth JACKSONVILLE, Fla., July 16 /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE:FNF), a Fortune 500 provider of products and outsourced services and solutions to financial institutions and the real estate industry, and its Fidelity Information Services division announce that New York City- based The Dime Savings Bank of Williamsburgh, a subsidiary of Dime Community Bancshares Inc. (NASDAQ:DCOM) has signed an initial six-year agreement to outsource its core and ATM processing services. In addition, Fidelity will provide network services to maximize security and performance, as well as data warehousing and analytical and executive reporting. The Dime Savings Bank of Williamsburgh (Dime) is a $3.37 billion community-oriented financial institution providing financial services and loans for multi-family housing throughout the metropolitan New York City area. Headquartered in the Williamsburgh section of Brooklyn, the bank operates 20 offices in Brooklyn, Queens, the Bronx and Nassau County, as well as a customer call center called DSBW Direct. Dime is a New York leader in multi- family lending. Under the new agreement, Dime's core processing activity will be run on the Fidelity MISER(R) system, a comprehensive solution that helps commercial banks, credit unions and savings institutions speed up processing, manage workflow and automate many banking functions. The bank will also utilize Fidelity's network services; ATM terminal driving, monitoring and transaction routing capabilities; and ViewPoint Business Intelligence(TM), which combines the MISER database with manipulation tools that will put analytical capabilities into the hands of every level of the bank's staff -- from the back office to executive management. For Michael P. Devine, president and chief operating officer of Dime, the combination of scalability and an integrated solution from a single provider was vital to his financial institution's growth and profitability. "We are extremely proud of the track record of growth we have established at Dime," said Devine. "In order to continue to provide the high levels of service and support our customers have come to expect from Dime, we needed a more efficient processing environment to help us maintain low overhead, but with scalability for future growth, including the option to go in-house. We also needed a partner willing and able to seamlessly integrate with third-party products in an open architecture. Fidelity met all these requirements." For Fidelity, the partnership with Dime is also a validation of the company's continued investment in commercial lending functionality for MISER. "Fidelity has invested millions to broaden the commercial capabilities of MISER," said Gary Norcross, president of the Fidelity Integrated Financial Solutions division. "To stay competitive in the commercial market, financial institutions need rich functionality delivered with a fast ROI. We're delighted that our solutions will keep Dime at the forefront of multifamily lending in its markets." Dime anticipates completing the migration to the Fidelity core and ATM processing solutions in November 2004, and will be supported out of the Charlotte, North Carolina data center. About Dime Community Bancshares, Inc. Dime Community Bancshares, Inc., a unitary thrift holding company, is the parent company of The Dime Savings Bank of Williamsburgh, Brooklyn, New York, founded in 1864. With $3.37 billion in assets as of March 31, 2004, the Bank has twenty branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Bank can be found on the Bank's Internet website at http://www.dimedirect.com/. About Fidelity National Financial Fidelity National Financial, Inc., number 262 on the Fortune 500, is a provider of products and outsourced services and solutions to financial institutions and the real estate industry. The Company had total revenue of more than $7.7 billion and earned more than $860 million in 2003, with cash flow from operations of nearly $1.3 billion for that same period. FNF is a leading provider of information-based technology solutions and processing services to financial institutions and the mortgage and financial services industries through its subsidiary Fidelity Information Services, Inc. Fidelity Information Services processes nearly 50 percent of all U.S. residential mortgages, has processing and technology relationships with 45 of the top 50 U. S. banks and has clients in more than 50 countries who rely on its processing and outsourcing products and services. Additionally, FNF is the nation's largest title insurance company and also provides other real estate-related services such as escrow, flood and tax certifications with life of loan monitoring, merged credit reporting, property valuations and appraisals, default management, relocation services, flood, homeowners and home warranty insurance, exchange intermediary services, mortgage loan aggregation and fulfillment, multiple listing services software, mortgage loan origination software, collateral scoring analytics and real property data. More information about the FNF family of companies can be found at http://www.fnf.com/ and http://www.fidelityinfoservices.com/. This press release contains statements related to future events and expectations and, as such, constitutes forward-looking statements. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be different from those expressed or implied above. The Company expressly disclaims any duty to update or revise forward- looking statements. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to, the effect of governmental regulations, the economy, competition and other risks detailed from time to time in the "Management's Discussion and Analysis" section of the Company's Form 10-K and other reports and filings with the Securities and Exchange Commission. DATASOURCE: Fidelity National Financial, Inc. CONTACT: Daniel Kennedy Murphy, Senior Vice President of Finance and Investor Relations of Fidelity National Financial, Inc., +1-904-854-8120, or Web site: http://www.fnf.com/

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