Dime Community Bancshares, Inc. is a bank holding company headquartered in Brooklyn, New York. Through its wholly owned subsidiary, Dime Community Bank, the company provides retail and commercial banking services across the New York metropolitan area. Established in 1864, Dime has expanded from a local savings institution into a regional bank with branches serving customers in Brooklyn, Queens, Staten Island, the Bronx, Manhattan and Westchester County.
The company’s commercial banking operations focus on lending for commercial real estate, including office, retail and multi‐family residential properties, as well as construction and development financing. On the consumer side, Dime offers deposit products such as checking, savings and money market accounts, certificates of deposit and residential mortgage loans. It also provides treasury management, online banking and wealth management services to support individuals, small businesses and institutions throughout its footprint.
In support of its capital management strategy, Dime Community Bancshares issued 9.000% Fixed‐to‐Floating Rate Subordinated Notes due 2034, which trade on the Nasdaq under the ticker DCOMG. These unsecured subordinated notes pay a fixed annual interest rate of 9.000% until the first reset date, after which the rate resets periodically based on a market reference rate plus a margin. The proceeds from this offering are intended to bolster the company’s Tier 2 regulatory capital and fund future growth initiatives.
John C. Caruso serves as President and Chief Executive Officer of Dime Community Bancshares, overseeing a management team committed to community banking and disciplined credit underwriting. The company’s deep roots, regional presence and strategic capital‐raising activities reflect its dedication to meeting the evolving financial needs of customers in the New York metro area.
AI Generated. May Contain Errors.