Dime Names Ravi Persaud as First Vice President, Associate Group Director

Rhea-AI Summary

Dime Community Bancshares, Inc. (NASDAQ: DCOM) announced the appointment of Ravi Persaud as First Vice President, Associate Group Director. He will lead a team in Astoria, bringing expertise from his previous role at Signature Bank, where he worked since 2011. Dime Community Bancshares holds over $13.1 billion in assets and boasts the largest deposit market share among community banks in Greater Long Island.

Positive

• Ravi Persaud's appointment could enhance leadership and operational expertise.
• Dime Community Bancshares has over $13.1 billion in assets.
• The company holds the number one deposit market share among community banks in Greater Long Island.

Negative

• None.

HAUPPAUGE, N.Y., April 19, 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 Ravi Persaud will join the Company as First Vice President, Associate Group Director. His team will be located in Astoria. Most recently, Persaud was with Signature Bank since 2011.

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 $13.1 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 is Ravi Persaud and what role will he assume at Dime Community Bancshares?

Ravi Persaud will join Dime Community Bancshares as First Vice President, Associate Group Director.

What is the current asset size of Dime Community Bancshares?

Dime Community Bancshares has over $13.1 billion in assets.

What market share does Dime Community Bancshares hold among community banks?

The company has the number one deposit market share among community banks in Greater Long Island.

What experience does Ravi Persaud bring to Dime Community Bancshares?

Ravi Persaud previously worked at Signature Bank since 2011.

What is the stock symbol for Dime Community Bancshares?

The stock symbol for Dime Community Bancshares is DCOM.