Dime Community Bancshares Expands Commercial Lending Team
Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of Dime Community Bank, is making significant strides in its growth strategy by expanding its commercial lending platform. This reflects the company’s commitment to enhancing its services and building a strong foundation for future success.
New Additions to the Team
In this latest move, Dime has welcomed several experienced banking professionals who will play crucial roles in its commercial lending operations. These new hires bring a wealth of knowledge and expertise that will undoubtedly help strengthen the bank’s offerings.
Insights on Team Members
Among the seasoned professionals joining Dime are:
- Ryan Kent: He comes on board as the Director of Commercial Strategic Initiatives, bringing valuable experience from his tenure as a Senior Manager at Deloitte, and prior as a Senior Managing Director at Webster Bank.
- Elvis Grgurovic: Joining Dime as Co-Head of the Mid Corporate vertical, he has prior experience as a Managing Director at Webster Bank.
- Eric Pelletier: Taking the role of Head of Syndications, he also transitioned from a Managing Director position at Webster Bank.
- Matt Greene: As a Senior Vice President in the Mid-Corporate and Specialty Finance sector, he has previously held the title of Senior Managing Director at Webster Bank.
- Barry Renow: He joins as Senior Vice President in the Mid-Corporate and Specialty Finance vertical, with experience as a Senior Vice President at BHI USA.
Leadership Insights
Stuart H. Lubow, President and Chief Executive Officer of Dime, expressed enthusiasm about the new additions: “We are excited to add several talented individuals as we continue to execute on our growth plan. The hires align with our focus on building a diversified commercial loan portfolio. We aim to be the bank-of-choice for top-tier talent seeking to join a client-focused institution that emphasizes agility and responsiveness.”
Support from Leadership
Thomas X. Geisel, Senior Executive Vice President of Commercial Lending, also shared his thoughts on the new hires: “The addition of these high-performing professionals strengthens our capabilities across core areas including mid-corporate and specialty lending, and loan syndications. Each of them will play an important role in scaling our platform and delivering value to our clients through customized credit solutions, industry expertise, and responsive service.”
About Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc. serves as the holding company for Dime Community Bank. The bank is a New York State-chartered trust company with over $14 billion in assets. Notably, it holds the top position in deposit market share among community banks on Greater Long Island.
For more information, contact:
Dime Community Bancshares, Inc.
Investor Relations:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
Frequently Asked Questions
What is the recent development at Dime Community Bancshares?
Dime Community Bancshares has expanded its commercial lending team by hiring several experienced banking professionals to enhance its lending capabilities.
Who are the new hires at Dime?
The new team includes Ryan Kent, Elvis Grgurovic, Eric Pelletier, Matt Greene, and Barry Renow, all bringing extensive experience in commercial lending.
What is the goal of these new hires?
The goal is to build a diversified commercial loan portfolio and improve client services through customized solutions.
How does Dime Community Bancshares rank among community banks?
It holds the number one deposit market share among community banks on Greater Long Island.
Who can I contact for more information about Dime?
For inquiries, you can reach Avinash Reddy, the CFO, via phone at 718-782-6200 or email at avinash.reddy@dime.com.
