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Dime Continues to Execute Growth Plan With Hire of Deposit-Focused Group

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Dime Community Bancshares (NASDAQ: DCOM) has announced the hiring of a new deposit-focused Group to cover the Queens market, continuing its strategic growth plan. The team will be led by George Taitt as Group Director and Amy Grandy as Associate Group Director, both formerly employed with Signature Bank and its successor, Flagstar Bank.

According to CEO Stuart H. Lubow, this hiring move capitalizes on market disruption while executing their growth strategy. The new team cited Dime's strong track record in team integration, collaborative culture, and robust treasury management and technology capabilities as key factors in their decision to join.

Dime Community Bancshares (NASDAQ: DCOM) ha annunciato l'assunzione di un nuovo gruppo focalizzato sui depositi per coprire il mercato di Queens, continuando il suo piano di crescita strategica. Il team sarà guidato da George Taitt come Direttore di Gruppo e Amy Grandy come Direttore Associato di Gruppo, entrambi precedentemente impiegati presso Signature Bank e il suo successore, Flagstar Bank.

Secondo il CEO Stuart H. Lubow, questa mossa di assunzione sfrutta la disruption del mercato mentre si attua la loro strategia di crescita. Il nuovo team ha citato il forte track record di Dime nell'integrazione del team, la cultura collaborativa e le solide capacità di gestione della tesoreria e tecnologiche come fattori chiave nella loro decisione di unirsi.

Dime Community Bancshares (NASDAQ: DCOM) ha anunciado la contratación de un nuevo grupo enfocado en depósitos para cubrir el mercado de Queens, continuando su plan de crecimiento estratégico. El equipo estará liderado por George Taitt como Director de Grupo y Amy Grandy como Directora Asociada de Grupo, ambos anteriormente empleados en Signature Bank y su sucesor, Flagstar Bank.

Según el CEO Stuart H. Lubow, este movimiento de contratación capitaliza la disrupción del mercado mientras ejecuta su estrategia de crecimiento. El nuevo equipo citó el sólido historial de Dime en la integración de equipos, una cultura colaborativa y robustas capacidades de gestión de tesorería y tecnología como factores clave en su decisión de unirse.

Dime Community Bancshares (NASDAQ: DCOM)는 퀸즈 시장을 커버하기 위해 예금 중심의 새로운 그룹을 고용했다고 발표하며, 전략적 성장 계획을 계속하고 있습니다. 이 팀은 George Taitt가 그룹 디렉터로, Amy Grandy가 부그룹 디렉터로 이끌며, 두 사람 모두 이전에 Signature Bank와 그 후계자인 Flagstar Bank에서 근무했습니다.

CEO Stuart H. Lubow에 따르면, 이번 고용 결정은 시장의 혼란을 활용하면서 성장 전략을 실행하는 것입니다. 새로운 팀은 Dime의 팀 통합, 협력적인 문화, 강력한 재무 관리 및 기술 역량이 합류 결정의 주요 요소로 작용했다고 밝혔습니다.

Dime Community Bancshares (NASDAQ: DCOM) a annoncé l'embauche d'un nouveau groupe axé sur les dépôts pour couvrir le marché de Queens, poursuivant ainsi son plan de croissance stratégique. L'équipe sera dirigée par George Taitt en tant que Directeur de Groupe et Amy Grandy en tant que Directrice Associée de Groupe, tous deux ayant précédemment travaillé pour Signature Bank et son successeur, Flagstar Bank.

Selon le PDG Stuart H. Lubow, ce mouvement d'embauche capitalise sur les perturbations du marché tout en exécutant leur stratégie de croissance. La nouvelle équipe a cité le solide bilan de Dime en matière d'intégration d'équipe, sa culture collaborative et ses capacités robustes en gestion de trésorerie et en technologie comme des facteurs clés dans leur décision de rejoindre.

Dime Community Bancshares (NASDAQ: DCOM) hat die Einstellung eines neuen, auf Einlagen fokussierten Teams für den Markt in Queens angekündigt, um ihren strategischen Wachstumsplan fortzusetzen. Das Team wird von George Taitt als Gruppenleiter und Amy Grandy als stellvertretende Gruppenleiterin geleitet, die beide zuvor bei der Signature Bank und deren Nachfolger, der Flagstar Bank, beschäftigt waren.

Laut CEO Stuart H. Lubow nutzt dieser Einstellungszug die Marktveränderungen und setzt gleichzeitig ihre Wachstumsstrategie um. Das neue Team nannte Dimes starke Erfolgsbilanz in der Teamintegration, die kollaborative Kultur sowie die robusten Fähigkeiten im Treasury-Management und in der Technologie als entscheidende Faktoren für ihre Entscheidung, sich anzuschließen.

Positive
  • Strategic expansion into Queens market with experienced deposit-focused team
  • Successful recruitment of established bankers from competitor institutions
  • Capitalization on market disruption for growth opportunities
Negative
  • None.

George Taitt to join as Group Director, Amy Grandy to join as Associate Group Director

HAUPPAUGE, N.Y., April 10, 2025 (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 a deposit-focused Group that will cover the Queens market. The Group will be led by George Taitt and Amy Grandy. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank.

Stuart H. Lubow, President and Chief Executive Officer of Dime said, “We are excited to announce the addition of another talented deposit-focused Group. George and Amy are highly respected bankers with a long and successful track record. We continue to capitalize on the disruption in our marketplace and remain focused on executing our growth plan in a thoughtful and targeted manner.”

“We were attracted by Dime’s strong track record of bringing on new teams seamlessly, its bank-wide culture and belief in teamwork that leads to an exceptional client experience, and the Bank’s robust treasury management and technology capabilities. Both Amy and I are excited to be part of Dime’s growth plans,” said George Taitt.

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 $14 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

What strategic expansion has DCOM announced for the Queens market in April 2025?

DCOM has hired a new deposit-focused banking team led by George Taitt and Amy Grandy to cover the Queens market, expanding their presence in the region.

Who are the key personnel joining DCOM's new Queens market team?

George Taitt is joining as Group Director and Amy Grandy as Associate Group Director, both previously from Signature Bank and Flagstar Bank.

What is DCOM's strategy behind the new Queens market team hire?

DCOM is capitalizing on market disruption and executing their growth plan by hiring experienced bankers to expand their deposit-focused operations.

What attracted the new banking team to join DCOM?

The team was attracted by DCOM's track record in team integration, collaborative culture, and strong treasury management and technology capabilities.
Dime Community Bancshares Inc

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