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Dime Names Robert Maichin Head of Middle Market Lending

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Dime Community Bancshares announces the appointment of Robert Maichin as Head of Middle Market Lending, effective April 7, 2022. Maichin brings 30 years of commercial banking experience, previously serving as Market President at Bank Leumi and Market Executive at JP Morgan Chase. His role will focus on enhancing Dime's commercial lending operations and developing specialized lending niches. CEO Kevin O’Connor highlighted Maichin's expertise as critical to Dime's strategy to grow as a premier business bank in Greater Long Island.

Positive
  • Appointment of Robert Maichin as Head of Middle Market Lending to enhance commercial lending operations.
  • Maichin's extensive experience in commercial banking is expected to benefit Dime significantly.
  • Dime's strong capital base positions it well for growth in middle market lending.
Negative
  • None.

Maichin to Join Dime’s Executive Leadership Team

HAUPPAUGE, N.Y., April 07, 2022 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Robert “Bob” Maichin will join the Company as Head of Middle Market Lending. In this role, Maichin will lead Dime’s middle market commercial lending operations and also build out specialized lending niches. Maichin will join Dime’s Executive leadership team.

Most recently, Maichin was Market President of Commercial Banking at Bank Leumi with responsibility for all Middle Market and Healthcare banking activities in the Northeast, as well as national responsibility for the Trade Finance business. Previously, he served as Market Executive of the Brooklyn & Queens Middle Market Banking team at JP Morgan Chase. He began his banking career at European American Bank, where he held various positions in middle market and corporate banking.

Kevin O’Connor, Chief Executive Officer of Dime said, “We are very excited to hire an individual of Bob’s caliber and background. Our current capital base and size provides us the opportunity to be a meaningful player in middle market lending and Bob’s addition significantly accelerates this strategy. We look forward to Bob joining our Executive leadership team. He will be a key contributor as we grow the premier business bank on Greater Long Island.”

Stuart H. Lubow, President and Chief Operating Officer of Dime said, “Bob has approximately 30 years of diversified commercial banking experience all within our existing footprint and a proven track record of building lending teams. His knowledge base and vast network will be an asset to Dime and will take our commercial lending operations to the next level in terms of servicing middle market C&I clients, including industries such as apparel, healthcare, manufacturing, media & entertainment, transportation and technology.”

Maichin holds a bachelor’s degree in Business Administration from The State University of New York College at Oswego.

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 $12.0 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 Robert Maichin and what is his role at Dime Community Bancshares?

Robert Maichin is appointed as Head of Middle Market Lending at Dime Community Bancshares, overseeing middle market commercial lending operations.

What experience does Robert Maichin bring to Dime Community Bancshares?

Maichin has approximately 30 years of diversified commercial banking experience, including roles at Bank Leumi and JP Morgan Chase.

When was Robert Maichin's appointment announced?

Robert Maichin's appointment was announced on April 7, 2022.

What is the significance of Maichin's appointment for Dime Community Bancshares?

His appointment is expected to accelerate Dime's strategy in middle market lending and enhance its commercial banking services.

What is Dime Community Bancshares' position in the market?

Dime Community Bancshares has over $12.0 billion in assets and is the number one deposit market share among community banks on Greater Long Island.

Dime Community Bancshares, Inc.

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