Dime Community Bancshares Expands with Madison Avenue Branch
Dime Community Bancshares Expands with New Branch
Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of Dime Community Bank, is thrilled to announce the opening of its latest full-service banking branch located at 232 Madison Avenue. This venture is a significant step in their ongoing efforts to expand their footprint into vital markets.
Strategically Located for Growth
Serving as a corner location at Madison Avenue and 37th Street, the new branch is poised to address the needs of the Manhattan community effectively. The addition of this branch underlines Dime's strategic plan of enhancing its physical presence in key areas as they continue to grow and adapt to market changes.
Leadership and Expertise
Lisa Reardon leads the branch, bringing with her a wealth of experience from her previous role as a branch manager at The First National Bank of Long Island. Her expertise is expected to significantly benefit both the bank and its customers.
Comments on the Expansion
Stuart H. Lubow, President and CEO of Dime, expressed enthusiasm for the new location. He highlighted how this decision aligns with Dime’s mission to strategically expand in crucial markets. By establishing a presence in Manhattan, Dime aims to better serve its clientele and capture potential growth opportunities.
The Future of Banking with Dime
In addition to enhancing accessibility for banking services, the new branch reflects Dime's commitment to tackling the challenges in the evolving banking landscape. Jim Manseau, Executive Vice President and Chief Banking Officer, emphasized the importance of selecting the right location and knowledgeable staff in supporting the bank’s growth strategy.
About Dime Community Bancshares
Dime Community Bancshares stands as a robust financial institution with over $14 billion in assets. It leads the deposit market share among community banks on Greater Long Island, showcasing a strong performance and community focus. The bank's growth and client-centric approach have established it as a trusted name in financial services.
Investor Relations
For inquiries regarding investor relations, individuals can reach out to Avinash Reddy, Senior Executive Vice President and Chief Financial Officer, at 718-782-6200; Ext. 5909 or via email at avinash.reddy@dime.com.
Frequently Asked Questions
What is the location of the new Dime branch?
The new branch is located at 232 Madison Avenue, a central area in Manhattan.
Who is managing the new branch?
Lisa Reardon, formerly a branch manager at The First National Bank of Long Island, will manage the new branch.
How does this branch fit into Dime's growth strategy?
The branch is part of Dime's strategic initiative to expand its presence in key markets, providing better service to existing and potential customers.
What services will the new branch offer?
The Madison Avenue branch will provide full-service banking, catering to the various financial needs of the community.
How can I contact Dime Community Bancshares for more information?
Contact Avinash Reddy at 718-782-6200; Ext. 5909 for any investor relations inquiries.
About The Author
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