Dime Launches ZSuite to Expand Digital Banking Capabilities for Commercial Escrow Customers
June 12 2023 - 6:00AM
Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ:
DCOM), the parent company of Dime Community Bank (the “Bank”),
announced today the launch of ZSuite for Commercial Escrow
Management.
ZSuite is an entirely digital commercial escrow
and subaccounting platform. This platform adds a
significant piece to Dime’s technology stack and is designed to
improve the customer experience for property managers, law firms,
municipalities, title companies and other industries that heavily
utilize escrow and subaccounts.
Commenting on the launch of ZSuite, Michael Fegan, Chief
Technology and Operations Officer of Dime, said, “We are excited to
launch ZSuite today in support of our commercial escrow customers.
This reinforces Dime’s continued commitment to provide a top-tier
digital experience. Conventional escrow and subaccounting processes
are manual and extremely resource-intensive for everyone involved.
As such, we partnered with ZSuite to provide our customers a
best-in-class digital solution.”
“We are proud to partner with Dime for their new escrow banking
solution,” says Nathan Baumeister, CEO and Co-Founder of ZSuite
Tech. “We share Dime’s focus on customer service and look forward
to working with them closely.”
ABOUT DIME COMMUNITY BANCSHARES, INC.Dime
Community Bancshares, Inc. is the holding company for Dime
Community Bank, a New York State-chartered trust company with over
$13.8 billion in assets and the number one deposit market share
among community banks on Greater Long Island (1).
Dime Community Bancshares, Inc.Investor
Relations Contact:Avinash ReddySenior Executive Vice President –
Chief Financial OfficerPhone: 718-782-6200; Ext.
5909Email: avinash.reddy@dime.com
(1) Aggregate deposit market share for Kings, Queens,
Nassau & Suffolk counties for community banks with less than
$20 billion in assets
Dime Community Bancshares (NASDAQ:DCOM)
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