Dime Community Bancshares Set to Open New Branch in NJ

Author: Evelyn Baker Updated: 06-17-2025 08:48 AM

Dime Community Bancshares Announces New Branch Approval

HAUPPAUGE, N.Y. — Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of Dime Community Bank, has exciting news regarding its expansion efforts. The company recently received the green light from the New Jersey Department of Banking and Insurance to establish a new branch at a prime location on Boulevard of Americas in Lakewood, New Jersey. This development reflects Dime's commitment to growing its footprint in a strategic market.

Branch Opening Timeline

The construction of the new branch is slated to commence in the latter half of 2025. Dime expects to officially open the doors of this new location to customers in early 2026. This timeline indicates a robust plan to quickly establish the bank's presence in the region, catering to local residents and businesses.

About Dime Community Bancshares, Inc.

Dime Community Bancshares, Inc. stands strong as the holding entity for Dime Community Bank, a trustworthy New York State-chartered institution boasting over $14 billion in assets. It has proudly claimed the title of the number one deposit market share among community banks within the Greater Long Island area. This remarkable achievement underscores the bank's pivotal role in the local financial landscape.

Investor Relations Contact

Get in Touch with Dime's Investor Relations

For further inquiries regarding this development or other company-related information, interested parties can reach out to:

Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

Looking Ahead

As Dime Community Bancshares forges ahead with its expansion plans, the firm continues to strive for excellence in serving its communities. The approval of the new branch is a testament to Dime's growing influence while offering diverse banking solutions tailored to meet customer needs.

Frequently Asked Questions

What is the new branch's location?

The new branch of Dime Community Bank will be located at 500 Boulevard of Americas in Lakewood, New Jersey.

When is the new branch expected to open?

Construction is anticipated to begin in the latter half of 2025, with the branch opening planned for early 2026.

Who is the contact for investor relations?

Avinash Reddy, the Senior Executive Vice President and Chief Financial Officer, is the contact for investor relations at Dime Community Bancshares.

What is the asset size of Dime Community Bank?

Dime Community Bank has over $14 billion in assets.

What distinguishes Dime Community Bancshares in the market?

Dime Community Bancshares holds the number one deposit market share among community banks in the Greater Long Island area, showcasing its significant presence.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.