Dime Community Bancshares, Inc. Announces Two Executive Appointments
February 27 2014 - 4:05PM
Marketwired
Dime Community Bancshares, Inc. Announces Two Executive
Appointments
BROOKLYN, NY--(Marketwired - Feb 27, 2014) - Dime Community
Bancshares, Inc. (NASDAQ: DCOM) (the "Company"), the parent company
of The Dime Savings Bank of Williamsburgh (the "Bank"), today
announced that, effective February 27, 2014, Kenneth J. Mahon was
appointed by the Boards of Directors of both the Company and Bank
as Senior Executive Vice President and Chief Operating Officer
("COO"). In so doing, the Boards are demonstrating their commitment
to the management succession process, and their intent to preserve
the best of the high performing elements of Dime's operation, while
developing products, services and infrastructure to compete
successfully now and in the future.
Michael P. Devine will become Vice Chairman of the Company and
Bank, conclude his tenure as COO, and remain as President. He and
Mr. Mahon will both report to Vincent Palagiano, Chairman of the
Board and Chief Executive Officer. Mr. Devine will be responsible
for corporate development (including mergers and acquisition
activities), corporate governance, and affiliated responsibilities
as part of the Office of the Chairman.
According to Mr. Devine, "I can think of no one better suited to
oversee the day-to-day operations of The Dime. The management ranks
below Ken have matured as part of a team that bears his mark and
assures continued successful operations. I truly look forward to
continue working with Ken and the rest of The Dime team to maintain
our reputation as a well-run bank."
ABOUT DIME COMMUNITY BANCSHARES The Company (NASDAQ: DCOM) had
$4.03 billion in consolidated assets as of December 31, 2013, and
is the parent company of Dime. Dime was founded in 1864, is
headquartered in Brooklyn, New York, and currently has twenty-five
branches located throughout Brooklyn, Queens, the Bronx and Nassau
County, New York. More information on the Company and Dime can be
found on the Dime's Internet website at www.dime.com.
Contact: Kenneth Ceonzo Director of Investor Relations
718-782-6200 extension 8279
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