Stuart H. Lubow Joins Dime as Senior Executive Vice President and head of Business Banking
January 05 2017 - 5:53PM
Kenneth J. Mahon, Chief Executive Officer and President of Dime
Community Bancshares, Inc. (the “Company” or “Dime”)
(NASDAQ:DCOM), the parent company of Dime Community Bank (the
“bank”), is pleased to announce today that Stuart "Stu" H. Lubow,
former Chairman, President and CEO of Community National Bank,
Great Neck, New York, has joined the bank as Senior Executive Vice
President and head of Business Banking.
"Today Dime takes another step forward in its evolution toward
becoming a full service community commercial bank. Stu shares our
values and focus on the customer, and brings a unique skill set of
starting and growing the commercial bank services necessary to
producing an improved commercial bank-like loan and deposit mix,"
said Mr. Mahon. "Stu has been an extraordinary leader and has a
proven track record of success throughout his career. As we enter
the next phase of growing our commercial business and introducing
more fee-generating products and services, Stu's extensive
background, knowledge of the market, and deep customer
relationships will be a significant benefit to our clients and our
shareholders."
Reporting to Mr. Mahon, Mr. Lubow will be responsible for all
the bank's direct relationship (non-broker) commercial business
activities, including C&I loans, direct-sourced CRE loans, SBA
loans, and corresponding transactional deposit accounts and
fee-based income. "Stu is a seasoned bank executive who will
integrate well with the successful credit culture that exists here
at Dime," continued Mahon. Mr. Lubow added, "I am thrilled to join
Dime Community, with its rich history and look forward to helping
Dime evolve into a preeminent community commercial bank. These
commercial services will well complement Dime's existing successful
commercial real estate model."
According to Mr. Mahon, "Dime's broker derived commercial real
estate division will remain under the management of Mr. Kirk Lloyd,
Dime's newly-promoted Chief CRE Loan Officer. The broker community
continues to be the backbone of commercial real estate brokerage in
the New York area, and will always be an important component of our
business."
Mr. Lubow has been a banking executive for over 37 years, most
recently as Chairman, CEO, and President of Community National
Bank, a full service community bank with nearly $1 billion in
assets and 10 branches. Previous to that, he was Founder, CEO, and
President of Community State Bank and prior to Community State
Bank, Mr. Lubow held executive positions at Garden State Bank,
Dollar Dry Dock Bank, and People's Bank, N.A. Mr. Lubow is a
graduate of Moravian College, Bethlehem, Pennsylvania, where he
received a Bachelor of Arts degree in Accounting.
Also joining Dime is Conrad Gunther, a former associate of Mr.
Lubow at Community National Bank. He has been named Executive Vice
President - Business Banking. Mr. Gunther is a career veteran in
New York commercial banking and lending, and will oversee the
management of Dime's relationship bankers.
Together, Messrs. Lubow and Gunther will be managing teams of
relationship bankers on Long Island and in Manhattan, where Dime
has plans to open two new service branches.
ABOUT DIME COMMUNITY BANCSHARES, INC.
The Company had $5.82 billion in consolidated assets as of
September 30, 2016, and is the parent company of the bank. The bank
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 the bank can be found on Dime's website at
www.dime.com.
Contact: Anthony Rose, Executive Vice President and Director of Investor Relations, 718-782-6200, extension 5260.
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