Dime Community Bancshares, Inc. /NY/

Dime Community Bancshares operates as a bank holding company for Dime Community Bank, a regional financial institution providing commercial banking and deposit services primarily to small and medium-sized businesses, municipal entities, and consumers. The bank accepts time, savings, and demand deposits and originates loans across multiple categories, including commercial real estate, multi-family mortgages, residential mortgages, secured and unsecured commercial and consumer loans, home equity loans, and construction and land financing. It also provides letters of credit and lines of credit to support business operations.

The company generates revenue through traditional lending activities, deposit spreads, and investments in mortgage-backed securities, government-sponsored enterprise securities, U.S. Treasury securities, municipal obligations, and corporate bonds. Ancillary services include certificate of deposit account registry services, merchant card processing, cash management, automated teller machine services, online banking, remote deposit capture, and safe deposit boxes. The company also offers investment products through a third-party broker-dealer and provides title insurance brokerage services.

Based in Hauppauge, New York, Dime Community Bancshares operates with approximately 851 full-time employees. The company was founded in 1910 and maintains its primary geographic and operational focus in the New York market. It is incorporated in New York and trades on the Nasdaq exchange.