Dime Bolsters C&I Middle Market Lending Operations

Rhea-AI Summary

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announces the hiring of Klaudio Nikolla as Senior Vice President and Group Leader in middle market C&I lending operations. The move aims to boost growth in C&I business and diversify the company's balance sheet.

HAUPPAUGE, N.Y., April 11, 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 hired Klaudio Nikolla as Senior Vice President and Group Leader within its middle market C&I lending operations. Klaudio comes to Dime from Peapack-Gladstone Bank where he held the position of Senior Managing Director.

“I joined Dime given my confidence in their ability to respond to customers quickly, combined with their flat organizational structure and commitment to growing the C&I business. These qualities are key differentiators to win business,” said Klaudio.

Stuart H. Lubow, President and Chief Executive Officer of Dime said, “hiring Klaudio to help drive our growth in middle market lending is a win for Dime. Klaudio’s addition is another example of our commitment to our stated goal of diversifying our balance sheet and increasing our C&I business.”

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 $13.6 billion in assets and the number one deposit market share among community banks on Greater Long Island ⁽¹⁾.

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 $20 billion in assets.

FAQ

Who has Dime Community Bancshares hired as Senior Vice President and Group Leader in middle market C&I lending operations?

Dime Community Bancshares has hired Klaudio Nikolla for this role.

Where did Klaudio Nikolla previously work before joining Dime Community Bancshares?

Klaudio Nikolla previously worked at Peapack-Gladstone Bank.

What is the goal of hiring Klaudio Nikolla according to Stuart H. Lubow, President and CEO of Dime?

The goal is to drive growth in middle market lending and diversify the balance sheet.

What qualities of Dime Community Bancshares attracted Klaudio Nikolla to join the company?

Klaudio was attracted by Dime's ability to respond to customers quickly, flat organizational structure, and commitment to growing the C&I business.