Latest news with #Dime
Business Upturn
18-07-2025
- Business
- Business Upturn
Dime Honored as Lending Partner of The Year by NHSNYC
HAUPPAUGE, N.Y., July 17, 2025 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced that Dime is being honored as the Lending Partner of the Year at Neighborhood Housing Services of New York City's Bridging the Gap Gala being held on October 7th, 2025. NHSNYC is committed to increasing access to critical resources, strengthening their ability to meet the evolving needs of our shared community, and ensuring housing stability and financial security for more New Yorkers. ABOUT DIME COMMUNITY BANCSHARES, INC. Advertisement Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 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 Reddy Senior Executive Vice President – Chief Financial Officer Phone: 718-782-6200; Ext. 5909 Email: [email protected] ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. FORWARD-LOOKING STATEMENTS Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
01-07-2025
- Business
- Yahoo
After 160 years, a New York bank plans New Jersey expansion
A New York bank that has added dozens of bankers to its ranks in the past two years is now expanding beyond the Empire State for the first time. Dime Community Bancshares, based on Long Island in Hauppauge, plans to open a branch in Lakewood, New Jersey, early next year. Dime was founded in 1864, during the Civil War, and though the planned Lakewood location would be the $14.1 billion-asset company's first office outside of New York's boundaries, it likely won't be the last. CEO Stuart Lubow referred to Lakewood as a "jumping-off point." He told American Banker that Dime expects to open additional branches north of Lakewood, which sits in the central part of the state, Ocean County. Ultimately, Dime's ambition is to become more of a regional player, raising its profile in Westchester County and Upstate New York, as well as New Jersey. "I can see us continuing our growth within the New Jersey marketplace and also enhancing our [presence] in Westchester and the lower Hudson Valley," Lubow said Monday. Dime traces its roots to Brooklyn's Williamsburg neighborhood. Its banking subsidiary, Dime Community Bank, was founded as a mutual savings bank to serve Brooklyn's immigrant population. In the decades leading up to the turn of the 21st Century, Dime thrived as a multifamily lender. But over the past 10 years, the company has been engaged in a determined effort to refashion itself into a commercial lender that serves small and mid-size businesses. The transformation has been accelerated by Dime's recent hiring spree, which has seen it establish several new commercial-lending verticals, including health care banking, fund finance and not-for-profit banking. Between the end of 2018 and March 31, 2025, Dime more than doubled the percentage of business loans on its books to $2.8 billion, or more than 25% of its total loans and leases. Dime's increased employee count has also sparked substantial growth in deposits, which increased 9% to $11.5 billion in the two years ending March 31. "Those teams we brought on have performed exceedingly well," Lubow said. "Our pipelines are very strong, both on the deposit and loan side." Dime's economic outlook is "cautiously optimistic," Lubow said. "There' a lot of things going on. I think generally businesses are adapting to any changes and are relatively [hopeful]." In a June 17 report, Kroll Bond Rating Agency upgraded its ratings outlook for Dime from stable to positive, pointing to the company's credit quality and recent deposit growth. "Altogether, given the anticipated core deposit growth, Dime is expected to reflect an enhanced funding and liquidity profile that will position it well to execute its strategic shift in the loan portfolio," Kroll stated. Dime still maintains a significant portfolio of multifamily loans, but Kroll argued that the quality of its tenant mix, including a sizable component in the medical field, offers hope Dime's book can outperform the broader sector, which continues to experience stress. For its part, Dime is focused on getting its New Jersey expansion off to a strong start in Lakewood, according to Lubow, who has helmed the company since 2023. "Right now, our focus is going to be on getting Lakewood open and the New Jersey market. But if opportunities arise, we're certainly going to take advantage of them," he said. Lubow, who was raised near Lakewood and worked in the region as an executive prior to joining Dime in 2017, said the market has undergone a marked change over the past decade, as its commercial business base has expanded. "There's more commercial business that's moved into the suburban environment," Lubow said. "Where before, there was basically New York City and the immediate surroundings as the hub for commercial businesses, [now] they've really moved and spread out. … It's diversified the opportunities in suburban markets."Lakewood's population totaled 141,000 in 2024, up 5% from 2020, according to the U.S. Census Bureau. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15-06-2025
- Sport
- Yahoo
Five Takeaways from Steelers Minicamp Day 3: Payton Wilson Eyes 3-Down Role, Another New Guy Who Gets it
PITTSBURGH — One of the most unexpected departures of the 2025 offseason for the Pittsburgh Steelers was popular, hard-hitting linebacker Elandon Roberts, who ended up leaving in free agency to sign with the Las Vegas Raiders. Roberts signed in Vegas after the Steelers preemptively added his replacement, by adding Malik Harrison from the Baltimore Ravens on a two-year, $10 million contract. Advertisement Roberts started 14 games for the Steelers last season, playing 478 snaps, mostly on first and second downs as a powerful run-stopper. Behind him, rookie Payton Wilson played 492 snaps, mostly in passing situations as a coverage specialist. So with Roberts gone and the 6-foot-3, 255-pound Harrison in the fold — even down to wearing Roberts' old No. 50 — it looked like a 1-to-1 replacement. Pittsburgh Steelers inside linebacker Malik Harrison at OTAs on June 5, 2025. — Ed Thompson / Steelers Now Wilson has had some other ideas about that. The team's third-round pick in the 2024 NFL Draft, Wilson has set out to prove that he can be a three-down player at the NFL level, and so far, the Steelers seem to be on board with that plan. Wilson has been the team's primary starter alongside Patrick Queen throughout all of the spring practice sessions. Advertisement 'I think I've gotten a lot better in the run game and understanding NFL run schemes,' Wilson said after the team's final minicamp practice on Thursday. 'Last year, we had E-Rob, and me and him were complete opposites in a sense, so when it was big run downs, obviously, they wanted E-Rob in. I'm just excited to show that I can play every down, whether that's Dime, second down or 4th and 1 at the 1-yard line. I just want to be out there every snap.' Part of what made Roberts a successful run-stuffer was his stature. Three inches shorter than Wilson, he weighed in at just four pounds lighter. But it wasn't just the mass that he was accelerating toward the line of scrimmage that made him a special run stopper, and new Steelers linebackers coach Scott McCurley thinks that Wilson can also become elite in that area of the game, despite his lanky stature. 'It's understanding, it's experience and awareness in the run game as much as anything,' McCurley said. 'I like his size. I think he's a strong player. It's just getting that experience in the run game, understanding where his fits are, the looks from the offense, how they're going to block him. … He's getting there. You talk about a guy who works at it. He understands how he wants to take the next step.' The real test won't come until the pads go on in Latrobe, but so far, so good for Wilson in looking to lock down a starting linebacker role. A-Rod Can Still Rip It Pittsburgh Steelers quarterback Aaron Rodgers at minicamp on June 12, 2025. — Ed Thompson / Steelers Now Aaron Rodgers is one of the best quarterbacks in NFL history, and he's probably most well-known for his otherworldly arm strength and the velocity he's able to put on the football. Advertisement Of course, the version of Rodgers that the Steelers are getting is 41 years old. So it's fair for many to wonder if he still has his fastball. After three days of minicamp at UPMC Rooney Sports Complex, it's easy to see that the old man still has it. His delivery still looks as effortless as ever. The amount of velocity he gets on throws, even from odd foot placements, is incredible. Even at 41, he throws the ball as hard as any quarterback I've ever covered and he does it with a degree of nonchalance that makes you think he could probably put a little bit more on it, if he really wanted to. Just being able to throw the ball hard doesn't mean Rodgers will be a success with the Steelers — he certainly wasn't with the Jets — but when it comes to concerns about bringing in an aging player as a free agent, him being up to snuff physically should put a lot of concerns to rest. Advertisement He looked fluid moving out of the pocket, too. Rodgers' days as a mobile threat are long gone, but you couldn't tell from watching him move this week that he's two years removed from an Achilles tear. Despite not taking a team rep, it was a very positive week in multiple ways for Rodgers' tenure with the Steelers. Another New Guy Who Gets It Pittsburgh Steelers safety Juan Thornhill at minicamp on June 10, 2025. — Ed Thompson / Steelers Now Last offseason, the Steelers brought in Queen, DeShon Elliott and Donte Jackson as three veteran additions to their defense, who not only fit a need in terms of Xs and Os play, but also were immediate culture fits with the club. Elliott and Jackson brought a ton of energy and competitiveness to the secondary. Queen was an immediate leader and tone-setter for the defense. They were just guys that seemed to — on Day One — understand what it meant to play for the Steelers. Advertisement New safety Juan Thornhill is another member of that club. He has plenty of experience with the AFC North, having just spent two seasons with the Cleveland Browns, and he seems ready to get back to the winning ways that he knew as a two-time Super Bowl champion with the Kansas City Chiefs. 'I'm just excited about this season to really go out there and show the world who I really am,' Thornhill said. 'I carry myself as someone who is very vocal.' Yeah, look out for No. 22 at training camp. New-Look Heyward Pittsburgh Steelers tight end Connor Heyward at OTAs on June 5, 2025. — Ed Thompson / Steelers Now With Donald Parham out for the season, there have been plenty of pass-catching reps available for the rest of the Steelers tight ends available, and Darnell Washington has certainly made strides in that area and is starting to look like the player many hoped he'd become when he was selected in the third round of the 2023 NFL Draft out of Georgia. Advertisement But don't count out the Steelers' other returning tight end, Connor Heyward. Heyward has gotten some strong praise from the coaching staff this week, with head coach Mike Tomlin taking notice of his greatly improved conditioning and tight ends coach Alfredo Roberts saying that Heyward has made the most of improved opportunities. 'Connor Heyward has been a heck of a route-runner,' Roberts said. Heyward has done a little bit of everything in his time with the Steelers. He's been a solid special teamer, he's playing fullback, running back, H-back, and inline tight end. But he hasn't really excelled at any of those spots to this point, despite his versatility. Heyward admitted that the transition from being a college player with one job to a pro with five or six made it tough for him to get the details of every position nailed down. But he now feels that he's physically and mentally up to the challenge of a bigger role in 2025. Advertisement 'I think, finally, it's all come together,' Heyward said. 'From the fullback, to the tight end, slot. Obviously, special teams, I've done that at high level, but, you know, at some point, they're looking for you to make plays. They don't want people to just be special team players, you know, sometimes we have guys that are like that, but like Mike T says, the more you can do.' Heyward has put on some weight, now playing at 240 pounds, but has also gotten into better physical condition at the same time, and he looks like a player poised for his best season yet. Pittsburgh Steelers offensive linemen Mason McCormick and Zach Frazier at OTAs on May 28, 2025. — Ed Thompson / Steelers Now The Steelers will have some newness to their offensive line in 2025, with Broderick Jones flipping to left tackle and Troy Fautanu starting at right tackle after missing almost all of the 2024 season with a knee injury. Advertisement But in other ways, it's almost the entire same group back from last season. The entire Steelers two-deep offensive line roster is players that were here last year: Broderick Jones, Isaac Seumalo, Zach Fraizer, Mason McCormick, Troy Fautanu Dylan Cook, Max Scharping, Ryan McCollum, Spencer Anderson, Calvin Anderson That makes for a pretty cohesive group, even this early in the offseason. 'It's huge, man,' McCollum said. 'We're all working together. We're all buddies. The camaraderie is already there, and just keeps on developing. … We're all kind of going through the same stages of life, so we related not only on the football field, but off the football field, so that just helps our relationship. We truly are buddies inside this locker room and outside this facility, so that helps.' Advertisement This article originally appeared on Steelers Now: Five Takeaways from Steelers Minicamp Day 3: Payton Wilson Eyes 3-Down Role, Another New Guy Who Gets it Related Headlines
Cision Canada
04-06-2025
- Business
- Cision Canada
Dime Community Bank Selects Quantifind to Strengthen Sanctions Screening in Payments
PALO ALTO, Calif., June 4, 2025 /CNW/ -- Dime Community Bancshares, Inc., the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1), has chosen Quantifind's AI-powered risk intelligence platform to enhance its sanctions screening for payments. Faced with increasing regulatory scrutiny and growing complexity in global transactions, Dime sought a more precise and scalable solution to strengthen its compliance program while maintaining efficient operations. After a competitive evaluation, Dime selected Quantifind for its advanced capabilities in risk detection and seamless integration into existing workflows. "Our partnership with Quantifind represents a significant advancement in our compliance capabilities," said Michael Fegan, CTO, Dime Community Bank. "Quantifind's AI-driven platform equips us to protect our customers and communities while maintaining the highest standards of regulatory compliance." "We're proud to partner with Dime Community Bank and extend our support to mid-market banks that are critical to the financial ecosystem," said Graham Bailey, Quantifind COO. "Quantifind's solutions are designed to empower banks of all sizes to tackle financial crime with unparalleled speed, accuracy, and scalability." Quantifind's commitment to supporting mid-market banks reflects a broader mission to deliver purpose-built AI solutions that help institutions of all sizes detect and mitigate financial crime risks. About Dime Community Bank Dime Community Bank, headquartered in Hauppauge, New York, has served its community since 1864. With over 60 locations across the New York metropolitan area, which includes the five boroughs, Long Island, and Westchester County, Dime offers a comprehensive range of financial services for individuals and businesses. About Quantifind Quantifind is a leader in financial crime intelligence automation. Its Graphyte™ platform delivers real-time, accurate risk assessments by integrating internal data with unstructured public information, enabling organizations to uncover hidden threats and strengthen compliance with speed, accuracy, and scale. ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. Forward-Looking Statements Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Media Contact Annalisa Camarillo EVP of Marketing, Quantifind Email: [email protected] SOURCE Quantifind
Yahoo
18-03-2025
- Business
- Yahoo
Dime Announces Expansion in Manhattan With Hire of Jim LoGatto
Dime Continues to be the Bank-of-Choice for Talented Bankers HAUPPAUGE, N.Y., March 18, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced today that Jim LoGatto has joined the Company as an Executive Vice President. LoGatto will be responsible for growing Dime's commercial banking business in Manhattan. Most recently, LoGatto served as Executive Vice President and Director of US Private Banking at Israel Discount Bank of New York. He also held various executive level positions at Wells Fargo Bank and Independence Community Bank. LoGatto began his career at Irving Trust Company and subsequently joined Republic National Bank where he rose to the position of Managing Director. Stuart H. Lubow, President and Chief Executive Officer of Dime, said, 'We are excited to attract a banker of Jim's caliber to our organization. Jim is an extremely seasoned banker with a very strong reputation in the Manhattan marketplace. Hiring Jim is consistent with our stated goal of expanding our deposit and lending presence in Manhattan.' 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 $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: ____________________¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in in to access your portfolio
