Dime Community Bank to Open New Full-Service Branch in Melville
May 19 2017 - 3:37PM
Dime Community Bank (the “bank” or “Dime”), subsidiary of Dime
Community Bancshares, Inc. (the “Company”) (NASDAQ:DCOM), announced
today that it has received approval from the New York State
Department of Financial Services to open a new full service branch
at 1 Huntington Quadrangle in Melville. The branch will offer local
business owners and residents a broad range of financial services
and personal account features.
“We are excited about our expansion into Suffolk County with the
Melville branch,” stated Kenneth J. Mahon, President and Chief
Executive Officer of Dime. “We are even more excited about our
ability to service middle-market and small business customers
through this branch given the adjacent office will serve as the
flagship location for our Business Banking division. Our business
bankers, led by Stu Lubow, will offer business customers
unparalleled service and access to a variety of products to grow
their companies."
Dime’s new branch, anticipated to open by fourth quarter 2017,
is a 1,000-square foot banking center, located at the intersection
of Long Island’s most vibrant business corridor. It will be a
full-service branch based on Dime’s new design format that will
incorporate the latest customer-facing technology to enhance the
service experience. In addition, the branch will also be a small
business resource center, with the ability to host small business
seminars and offer resources and support to small business owners
to manage and grow their companies.
ABOUT DIME COMMUNITY BANCSHARES, INC.
The Company had $6.10 billion in consolidated assets as of March
31, 2017, and is the parent company of the bank. 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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