Dime Announces Manhattan Expansion with Deposit-Focused Group

Dime continues to implement its growth plan

HAUPPAUGE, NY, June 20, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it has hired a deposit-focused group that will cover the Manhattan market. The group will be led by Avi Azuolay. The group was previously employed by the former Signature Bank and its successor, Flagstar Bank.

Stuart H. Lubow, President and CEO of Dime, said, “We are excited to announce the addition of another talented group focused on deposits. Avi and his team have enjoyed tremendous success in Manhattan over the past two decades. His team was instrumental in building Hudson Valley Bank’s presence in Manhattan. Following the sale of Hudson Valley Bank, he served a successful tenure at Signature Bank. Dime is committed to growing our presence in Manhattan over time and we are extremely excited to have Avi on board.

“We were attracted to Dime’s single-touch model, customer-centric approach and cutting-edge technology. Our team has a proven track record of growing deposits in Manhattan and we are excited to be a part of Dime’s growth plans,” said Avi.

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 more than $13.5 billion in assets and the largest deposit market share among community banks of Greater Long Island. ⁽¹⁾.

Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – ​​Chief Financial Officer
Phone: 718-782-6200; Post 5909
Email: [email protected]

¹ Overall deposit market share for Kings, Queens, Nassau and Suffolk counties for community banks with less than $20 billion in assets.