Dime Community Bancshares Excited About New Leadership
In a strategic move towards enhancing its growth trajectory, Dime Community Bancshares, Inc. (NASDAQ: DCOM) has announced the hiring of seasoned banker Shawn Gines as Executive Vice President of Corporate and Specialty Finance. This bold step reflects Dime's commitment to expanding its commercial lending capabilities.
Shawn Gines' Role and Expertise
Shawn Gines will bring a wealth of experience to Dime, focusing on diversifying its commercial lending sectors. His responsibilities will include elevating Dime’s engagement with corporate clients and private equity firms. Gines will also oversee the newly established Fund Finance vertical and work on additional specialty lending areas, aiming to enhance Dime’s balance sheet significantly.
Leadership’s Vision for Growth
Expressing optimism about Gines’ potential impact, Stuart H. Lubow, President and CEO of Dime, expressed excitement over the addition of Gines, highlighting how his extensive background positions him as a vital component of their future growth strategies. Lubow noted, "Shawn will be one of the cornerstones of our growth plans in the years ahead. Dime continues to be the bank of choice for talented bankers.”
Building on Strong Foundations
Tom Geisel, Dime’s Senior Executive Vice President for Commercial Lending, echoed this sentiment, mentioning Gines' diverse skill set and experience will greatly enhance Dime’s operational execution. The hiring marks an important milestone in Dime's ambition to strengthen its market position, particularly in commercial lending.
Shawn Gines’ Career Highlights
Before joining Dime, Gines served as the Regional President for Webster Bank covering the NYC and New Jersey Metro Markets. His impressive resume also includes a tenure as Senior Managing Director at Sterling National Bank where he led a Middle Market Commercial group. Early in his career, he was associated with GE Capital and Bank of America, where he honed his skills in various capacities.
About Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc. stands as the parent company for Dime Community Bank, a prominent trust institution chartered in New York with assets exceeding $14 billion. It proudly holds the top deposit market share among community banks in the Greater Long Island region.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
Frequently Asked Questions
What are Shawn Gines' main responsibilities at Dime Community Bancshares?
Shawn Gines will oversee corporate and specialty finance, focusing on commercial lending and diversifying Dime’s financial offerings.
What is the significance of Shawn Gines’ hiring for Dime?
Gines' hiring aligns with Dime's growth strategy, aiming to enhance its presence in the commercial lending sector and improve operational execution.
What prior experience does Shawn Gines bring to Dime?
Gines has extensive experience in the banking sector, having worked with Webster Bank and Sterling National Bank, among others, in various leadership roles.
How does Dime Community Bancshares rank among community banks?
Dime holds the number one deposit market share among community banks in the Greater Long Island region, showcasing its market leadership.
Who can be contacted for more information about Dime Community Bancshares?
For inquiries, Avinash Reddy, Senior Executive Vice President and CFO, can be contacted at 718-782-6200 or via email at avinash.reddy@dime.com.
