Dime Announces New Westchester Branch
Dime Community Bancshares (NASDAQ: DCOM) has received regulatory approval to open a new branch in White Plains, Westchester County. This expansion marks an important step in the company's growth strategy, extending its services beyond its traditional Long Island and New York City markets. The new location at 55 Church Street will be led by Michael Maloney, focusing on business customers, and John Murphy, specializing in non-profit organizations. Both executives bring extensive experience in the Westchester market.
CEO Stuart H. Lubow emphasized that this move into Westchester County demonstrates Dime's strength and stability, built over its 160-year history. The expansion is seen as a logical progression in the bank's development, potentially opening up new opportunities for growth and customer acquisition in a affluent suburban market.
Dime Community Bancshares (NASDAQ: DCOM) ha ricevuto l'approvazione normativa per aprire una nuova filiale a White Plains, Contea di Westchester. Questa espansione rappresenta un passo importante nella strategia di crescita dell'azienda, estendendo i suoi servizi oltre i tradizionali mercati di Long Island e New York City. La nuova sede, situata al 55 Church Street, sarà guidata da Michael Maloney, focalizzata su clienti aziendali, e da John Murphy, specializzato in organizzazioni senza scopo di lucro. Entrambi i dirigenti portano con sé una vasta esperienza nel mercato di Westchester.
Il CEO Stuart H. Lubow ha sottolineato che questo passo nella Contea di Westchester dimostra la forza e la stabilità di Dime, costruite nel corso della sua storia di 160 anni. L'espansione è vista come una progressione logica nello sviluppo della banca, potenzialmente aprendo nuove opportunità di crescita e acquisizione di clienti in un mercato suburbano benestante.
Dime Community Bancshares (NASDAQ: DCOM) ha recibido la aprobación regulatoria para abrir una nueva sucursal en White Plains, Condado de Westchester. Esta expansión marca un paso importante en la estrategia de crecimiento de la compañía, extendiendo sus servicios más allá de sus mercados tradicionales de Long Island y la ciudad de Nueva York. La nueva ubicación en 55 Church Street será liderada por Michael Maloney, enfocado en clientes comerciales, y John Murphy, especializado en organizaciones sin fines de lucro. Ambos ejecutivos aportan una amplia experiencia en el mercado de Westchester.
El CEO Stuart H. Lubow enfatizó que este movimiento hacia el Condado de Westchester demuestra la fortaleza y estabilidad de Dime, construidas a lo largo de sus 160 años de historia. La expansión se considera una progresión lógica en el desarrollo del banco, potencialmente abriendo nuevas oportunidades de crecimiento y adquisición de clientes en un mercado suburbano adinerado.
Dime Community Bancshares (NASDAQ: DCOM)는 웨스트체스터 카운티의 화이트 플레인스에 새로운 지점을 여는 규제 승인을 받았습니다. 이번 확장은 회사의 성장 전략에서 중요한 단계로, 롱아일랜드 및 뉴욕시의 전통적인 시장을 넘어 서비스를 확장하는 것입니다. 55 Church Street에 위치한 새로운 지점은 Michael Maloney가 비즈니스 고객을 대상으로 이끌고, John Murphy가 비영리 조직을 전문으로 하게 됩니다. 두 임원 모두 웨스트체스터 시장에 대한 광범위한 경험을 가지고 있습니다.
CEO Stuart H. Lubow는 이번 웨스트체스터 카운티 진출이 Dime의 160년 역사에서 구축된 강력함과 안정성을 보여준다고 강조했습니다. 이번 확장은 은행 발전의 논리적인 발전으로 여겨지며, 부유한 교외 시장에서 성장과 고객 확보의 새로운 기회를 열어줄 것으로 기대됩니다.
Dime Community Bancshares (NASDAQ: DCOM) a obtenu l'approbation réglementaire pour ouvrir une nouvelle succursale à White Plains, dans le comté de Westchester. Cette expansion marque une étape importante dans la stratégie de croissance de l'entreprise, étendant ses services au-delà de ses marchés traditionnels de Long Island et de New York. La nouvelle adresse au 55 Church Street sera dirigée par Michael Maloney, axé sur les clients professionnels, et John Murphy, spécialisé dans les organisations à but non lucratif. Les deux dirigeants apportent une vaste expérience sur le marché de Westchester.
Le PDG Stuart H. Lubow a souligné que ce mouvement vers le comté de Westchester démontre la force et la stabilité de Dime, bâties au cours de ses 160 ans d'histoire. L'expansion est considérée comme une progression logique dans le développement de la banque, ouvrant potentiellement de nouvelles opportunités de croissance et d'acquisition de clients sur un marché suburban aisé.
Dime Community Bancshares (NASDAQ: DCOM) hat die regulatorische Genehmigung erhalten, eine neue Filiale in White Plains, Westchester County zu eröffnen. Diese Expansion ist ein wichtiger Schritt in der Wachstumsstrategie des Unternehmens und erweitert die Dienstleistungen über die traditionellen Märkte von Long Island und New York City hinaus. Der neue Standort in der 55 Church Street wird von Michael Maloney geleitet, der sich auf Geschäftskunden konzentriert, und John Murphy, der sich auf gemeinnützige Organisationen spezialisiert hat. Beide Führungskräfte bringen umfassende Erfahrung im Westchester-Markt mit.
CEO Stuart H. Lubow hob hervor, dass dieser Schritt nach Westchester County die Stärke und Stabilität von Dime demonstriert, die über eine 160-jährige Geschichte aufgebaut wurde. Die Expansion wird als logische Weiterentwicklung der Bank angesehen, die potenziell neue Möglichkeiten für Wachstum und Kundengewinnung in einem wohlhabenden Vorortmarkt eröffnet.
- Received regulatory approval for expansion into Westchester County
- Strategic growth into a new market area
- Experienced local leadership team with market knowledge
- None.
HAUPPAUGE, N.Y., July 19, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it has received regulatory approval from the New York State Department of Financial Services and the Federal Reserve Bank of New York for its application to open a location in Westchester County, at 55 Church Street in White Plains.
Stuart H. Lubow, President and Chief Executive Officer of Dime said “We are excited to announce the approval of our application for a new branch in White Plains. Our expansion into Westchester County is an important and logical next step in our growth plan. The ability to grow our footprint and serve customers in Westchester County is a tribute to Dime’s strength and stability for over 160 years. Our team in Westchester is led by Michael Maloney, who will focus on business customers and their owners, and John Murphy, who will focus on non-profit organizations. Both bankers have a deep history in the Westchester market and were integral to the growth of their prior institutions, including Hudson Valley Bank.”
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over
Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com
¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than
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