Dime Community Bank Strengthens Leadership with New Hire in Manhattan
Dime Community Bank Welcomes Jim LoGatto to Leadership Team
Dime Community Bancshares, Inc. (NASDAQ: DCOM), a well-established name in banking, is proudly announcing the addition of Jim LoGatto to its executive team as an Executive Vice President. This strategic move is poised to bolster Dime’s commercial banking operations in Manhattan, aligning with the company's growth objectives.
Experience and Expertise of Jim LoGatto
Jim LoGatto brings a wealth of knowledge and experience to Dime, having most recently served as the Executive Vice President and Director of US Private Banking at Israel Discount Bank of New York. His prior roles included key executive positions at Wells Fargo Bank and Independence Community Bank. LoGatto’s career commenced at Irving Trust Company, further advancing at Republic National Bank, where he achieved the rank of Managing Director. His robust history in the banking sector has allowed him to cultivate a strong reputation within the Manhattan marketplace.
Positive Impact on Commercial Banking Growth
Stuart H. Lubow, President and Chief Executive Officer of Dime, expressed enthusiasm over LoGatto's arrival, emphasizing the bank's commitment to enhancing its market presence. Lubow stated, "We are excited to attract a banker of Jim’s caliber to our organization. Jim is an extremely seasoned banker with a very strong reputation in the Manhattan marketplace. Hiring Jim is consistent with our stated goal of expanding our deposit and lending presence in Manhattan." This sentiment reflects the company's strategic focus on growth and development in this competitive market.
About Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc. serves as the holding entity for Dime Community Bank, a trusted New York State-chartered trust company, commanding over $14 billion in assets. The bank has achieved a top deposit market share among community banks on Greater Long Island, highlighting its successful operational strategies and community engagement.
Investor Relations Contact Information
For inquiries, Dime Community Bancshares, Inc. provides direct access to its investor relations through the Chief Financial Officer, Avinash Reddy. He can be reached at the following:
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
Frequently Asked Questions
What is the recent leadership change at Dime Community Bank?
Jim LoGatto has joined Dime Community Bancshares, Inc. as an Executive Vice President to enhance the company's commercial banking operations in Manhattan.
What experience does Jim LoGatto bring to Dime Community Bank?
LoGatto has extensive experience in banking, having held executive positions at various banks including Israel Discount Bank of New York and Wells Fargo Bank.
How does this hiring align with Dime's goals?
This hiring is part of Dime's strategy to expand its presence and services in the Manhattan area, focusing on both deposits and lending.
What is the market position of Dime Community Bank?
Dime Community Bank is recognized for its significant deposit market share among community banks in Greater Long Island, managing over $14 billion in assets.
How can investors contact Dime Community Bancshares?
Investors can contact Avinash Reddy, the Chief Financial Officer, via phone or email for any inquiries related to the bank's operations.
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