Dime Community Bancshares expands its commercial lending team by hiring experienced bank professionals to enhance service capabilities.
Quiver AI Summary
Dime Community Bancshares, Inc. has announced the expansion of its commercial lending platform by hiring several experienced banking professionals. Key new additions include Ryan Kent as Director of Commercial Strategic Initiatives, Elvis Grgurovic and Eric Pelletier as Co-Heads of the Mid Corporate vertical and Head of Syndications, respectively, as well as Matt Greene and Barry Renow as Senior Vice Presidents in the Mid-Corporate and Specialty Finance vertical. CEO Stuart H. Lubow expressed enthusiasm about these hires, emphasizing their role in diversifying Dime's commercial loan portfolio and enhancing the bank's capabilities in mid-corporate and specialty lending. Dime Community Bancshares is the parent company of Dime Community Bank, which holds a significant market share on Long Island.
Potential Positives
- The addition of several seasoned banking professionals enhances Dime's commercial lending capabilities, aligning with their growth strategy.
- The company emphasizes a focus on building a diversified commercial loan portfolio, which may attract a broader client base.
- Hiring individuals with experience from reputable organizations like Webster Bank enhances Dime's talent pool and expertise in key lending areas.
- Dime is positioned as an attractive workplace for top-tier talent, which can lead to further competitive advantages in the banking sector.
Potential Negatives
- The announcement heavily relies on the experience of new hires from Webster Bank, which may raise concerns about Dime Community Bancshares' ability to attract top talent independently.
- The reference to risks and uncertainties in the forward-looking statements may diminish investor confidence in the company's growth plans.
FAQ
What is the recent announcement from Dime Community Bancshares?
Dime Community Bancshares announced the expansion of its commercial lending platform with new experienced hires.
Who are the new professionals joining Dime Community Bank?
The new hires include Ryan Kent, Elvis Grgurovic, Eric Pelletier, Matt Greene, and Barry Renow.
What positions were filled by the new hires at Dime?
The new hires occupy roles such as Director of Commercial Strategic Initiatives and Senior Vice President in various lending verticals.
How does Dime Community Bank plan to enhance its services?
Dime aims to enhance services by building a diversified commercial loan portfolio and offering customized credit solutions.
What is Dime Community Bancshares' asset size?
Dime Community Bancshares currently has over $14 billion in assets, making it a leading community bank on 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 10 times in the past 6 months. Of those trades, 2 have been purchases and 8 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 2 purchases buying 40,500 shares for an estimated $1,102,005 and 6 sales selling 49,500 shares for an estimated $1,374,570.
- RAYMOND A NIELSEN has made 0 purchases and 2 sales selling 3,000 shares for an estimated $82,080.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DCOM Hedge Fund Activity
We have seen 85 institutional investors add shares of $DCOM stock to their portfolio, and 105 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 974,390 shares (+61.2%) to their portfolio in Q2 2025, for an estimated $26,250,066
- BOSTON PARTNERS removed 588,620 shares (-97.2%) from their portfolio in Q2 2025, for an estimated $15,857,422
- UBS GROUP AG added 416,310 shares (+218.5%) to their portfolio in Q2 2025, for an estimated $11,215,391
- LSV ASSET MANAGEMENT removed 401,274 shares (-97.9%) from their portfolio in Q2 2025, for an estimated $10,810,321
- POLARIS CAPITAL MANAGEMENT, LLC removed 397,680 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $11,087,318
- STIEVEN CAPITAL ADVISORS, L.P. removed 326,712 shares (-52.6%) from their portfolio in Q2 2025, for an estimated $8,801,621
- VERITION FUND MANAGEMENT LLC added 259,145 shares (+39.5%) to their portfolio in Q2 2025, for an estimated $6,981,366
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 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Stephens & Co. issued a "Overweight" rating on 04/23/2025
To track analyst ratings and price targets for $DCOM, check out Quiver Quantitative's $DCOM forecast page.
Full Release
HAUPPAUGE, N.Y., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced the expansion of its commercial lending platform with the addition of several seasoned banking professionals. The following individuals have joined Dime:
- Ryan Kent has joined as Director of Commercial Strategic Initiatives. He was previously a Senior Manager at Deloitte and prior to that a Senior Managing Director at Webster Bank
- Elvis Grgurovic has joined as Co-Head of the Mid Corporate vertical. He was previously a Managing Director at Webster Bank
- Eric Pelletier has joined as Head of Syndications. He was previously a Managing Director at Webster Bank
- Matt Greene has joined as a Senior Vice President in the Mid-Corporate and Specialty Finance vertical. He was previously a Senior Managing Director at Webster Bank
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Barry Renow has joined as Senior Vice President in the Mid-Corporate and Specialty Finance Vertical. He was previously a Senior Vice President at BHI USA
Stuart H. Lubow, President and Chief Executive Officer of Dime, commented: “We are excited to add several talented individuals as we continue to execute on our growth plan. The hires align with our focus of building a diversified commercial loan portfolio. Dime is the bank-of-choice for top tier talent looking to join a dynamic, client-focused institution with a flat organizational structure that enables speed and agility.”
Thomas X. Geisel, Senior Executive Vice President of Commercial Lending, commented: “The addition of these high-performing professionals strengthens our capabilities across core areas including mid-corporate and specialty lending, and loan syndications. Each of them will play an important role in scaling our platform and delivering value to our clients through customized credit solutions, industry expertise and responsive service.”
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.
