Dime Community Bancshares (NASDAQ:DCOM) is the parent company of Dime Community Bank, a New York–based banking institution offering a full range of commercial and consumer banking services. The company’s core activities include commercial real estate lending, multifamily and mixed-use property financing, and specialty finance solutions for small to mid-sized businesses. In addition to its lending platform, Dime provides deposit products such as checking and savings accounts, money market accounts, and certificates of deposit for individuals and businesses.
Founded in 1864 as the Dime Savings Bank of Williamsburgh, the company has a long history of serving the financial needs of its communities. Over the years, Dime has evolved from a mutual savings institution into a publicly traded company, enriching its product offerings and expanding its reach through strategic acquisitions and organic growth. The transition to a bank holding company structure in 2007 marked a significant step in broadening its capacity to deliver diversified banking services.
Dime’s branch network primarily serves the New York metropolitan area, including Brooklyn, Queens, Long Island and Westchester County, as well as selected markets in New Jersey and Florida. The institution leverages a combination of in-branch service, commercial lending teams and digital banking platforms to meet the needs of urban and suburban customers. Its geographic focus allows Dime to maintain close relationships with local businesses, real estate developers and community organizations.
The company is led by President and Chief Executive Officer Robert J. McCormick, supported by a management team with extensive experience in commercial banking, real estate finance and risk management. Under this leadership, Dime Community Bancshares continues to emphasize a client-centric approach, community engagement and the integration of digital tools to enhance customer experience and operational efficiency.
