Dime Community Bancshares Expands Team for C&I Lending Growth
Dime Community Bancshares Strengthens Lending Operations
In a significant move, Dime Community Bancshares, Inc. (NASDAQ: DCOM) has expanded its middle market lending presence by hiring Jason Quinn as Senior Relationship Manager. This strategic addition is intended to enhance its middle market commercial and industrial (C&I) lending operations on Long Island.
Bringing Extensive Experience to Dime
Jason Quinn, a seasoned professional with over twenty-six years at Citibank, assumes a pivotal role within Dime’s lending structure. His previous position was Senior Vice President, Relationship Manager at Citibank, where he cultivated deep relationships and demonstrated proficiency in financial services. Quinn will be stationed in Melville, focusing on bolstering Dime’s C&I business across Long Island.
Commitment to Community Banking
Dime Community Bancshares is a proud holding company for Dime Community Bank, renowned for its customer-oriented services. With over $13.6 billion in assets, Dime has achieved the number one deposit market share among community banks in the Greater Long Island area. This strong standing underscores the bank’s commitment to serving the local community with exceptional financial products.
Future of Middle Market Lending at Dime
The decision to hire Quinn aligns with Dime’s strategy to expand its reach within the middle market segment, which is pivotal in providing tailored financial solutions for business clients. As industry dynamics evolve, Dime aims to stay at the forefront by actively growing its lending capabilities, ensuring that local businesses receive the support they need.
Investor Relations Updated
For stakeholders and interested parties, all inquiries can be directed to Dime’s Investor Relations. Avinash Reddy, as Senior Executive Vice President and Chief Financial Officer, is available to discuss shareholder interests. He can be reached directly at 718-782-6200; Ext. 5909 or via email.
Continuing Commitment to Long Island
Dime’s new strategy, led by Quinn's hiring, emphasizes commitment to enhancing the economic landscape of Long Island. By positioning an expert in the role of Senior Relationship Manager, Dime is poised to build enduring relationships with local businesses, helping them thrive.
The Importance of Local Expertise
Dime understands the significance of local market nuances and the expertise required to navigate them. Quinn's extensive experience with Citibank equips him with insights necessary to help Dime stand out in the competitive landscape of middle-market lending.
Frequently Asked Questions
What is the role of Jason Quinn at Dime Community Bancshares?
Jason Quinn has been hired as Senior Relationship Manager to enhance Dime's middle market C&I lending operations on Long Island.
What is Dime Community Bancshares known for?
Dime Community Bancshares is known for its extensive asset base and leading deposit market share among community banks on Long Island.
How does Dime plan to grow its lending operations?
Dime plans to grow its lending operations by hiring experienced professionals like Jason Quinn to strengthen its focus on the middle market.
Who can I contact for Investor Relations at Dime?
The contact for Investor Relations is Avinash Reddy, Senior Executive Vice President and Chief Financial Officer, available at 718-782-6200; Ext. 5909.
What experience does Jason Quinn have in banking?
Jason Quinn has over twenty-six years of experience in banking, primarily with Citibank, where he was a Senior Vice President and Relationship Manager.
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