Dime Community Bancshares Announces Retirement of Michael Pucella
April 27 2017 - 4:00PM
Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or
"Dime"), the parent company of Dime Community Bank (the "bank"),
announced Executive Vice President and Chief Accounting Officer
(Principal Financial Officer) Michael Pucella will retire effective
July 31, 2017, after 36 years of service with the bank.
Mr. Pucella, who has responsibility for
financial reporting, budgeting, real estate development, and tax
administration, joined the bank in 1981 and was promoted to
Comptroller of the bank in 1989 and of the Company at its inception
in 1995, and was subsequently promoted to Executive Vice President
of both the Company and the bank in 2009. In 2014, Mr. Pucella was
named the Company's Principal Financial Officer.
Dime’s President and Chief Executive Officer,
Kenneth J. Mahon, stated, "Mike has been a trusted advisor to me
for decades and provided strong leadership and guidance not only in
our Finance department, but throughout the Company. Mike also
leaves behind a Finance department that is significantly stronger,
and has developed a cadre of new leaders to lead Dime in our next
phase of growth. We wish Mike and his family all the best in his
retirement."
The Company and bank named James L. Rizzo to
succeed Mr. Pucella in the role of Principal Financial Officer. Mr.
Rizzo, who currently serves as the Comptroller of both the Company
and the bank, joined the bank in 1986 in the Finance department and
was promoted to Vice President and Comptroller in 1999 and to
Senior Vice President in 2011.
"The seamless transition to a strong leader such
as Jim shows the deep bench that Mike has built in our Finance
department," said Mr. Mahon. "Jim’s strong financial background and
long tenure at Dime makes him a perfect fit for this key role."
ABOUT DIME COMMUNITY BANCSHARES, INC.The
Company had $6.10 billion in consolidated assets as of March 31,
2017. The bank was founded in 1864, is headquartered in Brooklyn,
New York, and currently has twenty-seven 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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