Dime Community Bancshares Announces Deposit-Focused Group Hire to Drive Further Growth

Dime Continues to Execute Growth Plan with Hire of Deposit-Focused Group

New York, NY - April 25, 2023 - Dime Community Bank, a leading provider of community banking services, today announced the hiring of a deposit-focused group, further solidifying its commitment to executing its growth plan.

The new group, comprised of experienced banking professionals, will focus on expanding the bank's deposit gathering capabilities, building on Dime's already strong relationships with its existing customers. This strategic hire is expected to drive growth and increase the bank's market share in the competitive New York City market.

"We are thrilled to welcome this talented group to the Dime team," said Thomas F. Schroepfer, President and Chief Executive Officer of Dime Community Bank. "Their expertise and passion for delivering exceptional customer service align perfectly with our company's values and growth strategy. We are confident that their efforts will help us continue to grow our deposit base and strengthen our position in the market."

The new group will be led by a seasoned banking professional with extensive experience in deposit gathering and relationship building. The team will work closely with Dime's existing retail banking team to identify and pursue new business opportunities, while also leveraging the bank's existing customer base to drive growth.

This strategic hire is the latest in a series of initiatives aimed at driving growth and increasing Dime's market share. The bank has also invested in technology and expanded its commercial lending capabilities to better serve its customers.

About Dime Community Bank Dime Community Bank is a leading provider of community banking services, offering a range of financial solutions to individuals, families, and businesses in the New York City area. With a commitment to delivering exceptional customer service, the bank has built a reputation for its expertise, integrity, and community involvement. For more information, please visit www.dimebank.com.