Dime Community Bancshares appoints Dan Fosina as Senior VP to lead middle market banking expansion in New Jersey.
Quiver AI Summary
Dime Community Bancshares, Inc. announced the appointment of Dan Fosina as Senior Vice President, Group Leader, to lead their middle market commercial banking expansion in New Jersey. This hire aligns with the company's growth strategy, particularly following its plans to open a new branch in Lakewood, New Jersey. Dime's CEO, Stuart H. Lubow, emphasized Fosina's strong background in commercial banking and relationship management, which will support the company’s aims in the middle-market sector. Fosina previously served as Market President at Valley Bank and has extensive experience in corporate banking from his time at KeyCorp. Dime Community Bancshares operates Dime Community Bank, a significant player in the banking sector in Greater Long Island.
Potential Positives
- Dan Fosina's appointment as Senior Vice President, Group Leader signals a strategic move to enhance Dime's commercial banking presence in New Jersey, aligning with the company's growth plan.
- The expansion into New Jersey, highlighted by plans to open a new branch in Lakewood, indicates Dime's commitment to capturing new market opportunities and increasing its footprint.
- Mr. Fosina's extensive background in commercial banking and leadership roles positions him as a valuable asset to drive growth in the middle-market segment, enhancing Dime's competitive edge in this sector.
Potential Negatives
- The announcement of a new executive hire could indicate a lack of internal leadership depth, suggesting the company needed to seek external talent to fulfill its expansion plans.
- The focus on expansion in New Jersey may expose the company to increased regional risks, particularly if the state faces economic challenges affecting middle-market businesses.
- The mention of forward-looking statements implies uncertainty in achieving the anticipated growth, which may lead to investor skepticism regarding the company’s strategic plans.
FAQ
What is the latest leadership change at Dime Community Bancshares?
Dime Community Bancshares appointed Dan Fosina as Senior Vice President, Group Leader to expand middle market commercial banking in New Jersey.
What markets is Dime Community Bancshares focusing on for expansion?
Dime is focusing on expanding its commercial banking services specifically in New Jersey, highlighted by plans for a new branch in Lakewood.
Who is Dan Fosina and what is his background?
Dan Fosina is a seasoned commercial banker previously serving as Market President at Valley Bank, with over 15 years at KeyCorp.
What strategy is Dime Community Bancshares adopting for their commercial banking?
Dime is adopting a relationship-based approach to strengthen its commercial banking business, especially for middle-market clients.
How significant is Dime Community Bank in the Greater Long Island area?
Dime Community Bank has over $14 billion in assets and holds the number one deposit market share among community banks on Greater Long Island.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DCOM Insider Trading Activity
$DCOM insiders have traded $DCOM stock on the open market 15 times in the past 6 months. Of those trades, 3 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $DCOM stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT, L.L.C. BASSWOOD has made 3 purchases buying 61,037 shares for an estimated $1,641,306 and 7 sales selling 70,037 shares for an estimated $1,913,666.
- RAYMOND A NIELSEN has made 0 purchases and 5 sales selling 7,200 shares for an estimated $193,138.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DCOM Hedge Fund Activity
We have seen 88 institutional investors add shares of $DCOM stock to their portfolio, and 97 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 839,183 shares (+32.7%) to their portfolio in Q3 2025, for an estimated $25,032,828
- UBS GROUP AG removed 425,527 shares (-70.1%) from their portfolio in Q3 2025, for an estimated $12,693,470
- VERITION FUND MANAGEMENT LLC removed 414,329 shares (-45.3%) from their portfolio in Q3 2025, for an estimated $12,359,434
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 212,934 shares (+97.0%) to their portfolio in Q3 2025, for an estimated $6,351,821
- PRUDENTIAL FINANCIAL INC removed 199,420 shares (-54.2%) from their portfolio in Q3 2025, for an estimated $5,948,698
- BANK OF AMERICA CORP /DE/ added 194,383 shares (+271.4%) to their portfolio in Q3 2025, for an estimated $5,798,444
- GOLDMAN SACHS GROUP INC added 117,638 shares (+35.8%) to their portfolio in Q3 2025, for an estimated $3,509,141
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DCOM Analyst Ratings
Wall Street analysts have issued reports on $DCOM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- DA Davidson issued a "Buy" rating on 10/27/2025
- Keefe, Bruyette & Woods issued a "Outperform" rating on 10/27/2025
To track analyst ratings and price targets for $DCOM, check out Quiver Quantitative's $DCOM forecast page.
$DCOM Price Targets
Multiple analysts have issued price targets for $DCOM recently. We have seen 2 analysts offer price targets for $DCOM in the last 6 months, with a median target of $35.0.
Here are some recent targets:
- Peter Winter from DA Davidson set a target price of $36.0 on 10/27/2025
- Christopher O'Connell from Keefe, Bruyette & Woods set a target price of $34.0 on 10/27/2025
Full Release
HAUPPAUGE, N.Y., Nov. 21, 2025 (GLOBE NEWSWIRE) -- As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that Dan Fosina will join Dime as Senior Vice President, Group Leader.
Mr. Fosina will spearhead Dime’s middle market commercial banking expansion across the state of New Jersey.
Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "As part of our growth plan, we had identified New Jersey as an important expansion market. Recently, we announced plans to open a branch in Lakewood. Dan’s hire further demonstrates our commitment to growing our commercial banking business in New Jersey.”
“Dan is a very strong commercial banker who understands the needs of middle-market businesses and embodies our relationship-based approach to commercial banking. I have known Dan for well over a decade and am excited to have him be part of our growth story,” said Tom Geisel, Dime’s Chief Commercial Officer.
Mr. Fosina was most recently a Market President at Valley Bank, where he focused on growing commercial clients as well as managing teams of bankers. Prior to his tenure at Valley Bank, he spent over fifteen years with KeyCorp where he held various roles with increasing responsibility, including Senior Vice President of Corporate Banking.
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:
[email protected]
¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.
FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
