Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

Rhea-AI Summary

Dime Community Bancshares announces the appointment of Daniel Shaya Csillag as Group Head of Healthcare vertical, aiming to build out Dime's healthcare commercial banking business in the long-term care space.

Positive

• Appointment of Daniel Shaya Csillag to strengthen Dime's healthcare commercial banking business

Negative

• None.

Dime continues to capitalize on disruption in the marketplace from previously announced large M&A transactions involving competitors

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical. In this role, Csillag will be responsible for building out Dime’s healthcare commercial banking business in the long-term care space.

Most recently, Csillag was at Valley National Bank and predecessor institution Bank Leumi, where he was Group Head of Healthcare. He joined Bank Leumi in 2017 to oversee and grow its healthcare commercial banking business.

Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “Daniel’s hire is the next logical step in the buildout of our middle market commercial lending business. Adding a healthcare vertical is consistent with our strategic goal of increasing the contribution of Business Loans (C&I and Owner-Occupied) to our balance sheet. His expertise in all aspects of the long-term care industry, including skilled nursing, rehabilitation, assisted living, independent living and memory care, coupled with his track record of cultivating new business opportunities and providing a superior level of service will be key assets to Dime.”

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 $13.8 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.