Dime Community Bancshares has opened a new branch in Manhattan after receiving regulatory approvals, enhancing its market presence.
Quiver AI Summary
Dime Community Bancshares, Inc. has announced the opening of a new full-service branch at 232 Madison Avenue in Manhattan, following the receipt of all necessary regulatory approvals. The branch will be led by Lisa Reardon, a former branch manager at The First National Bank of Long Island. CEO Stuart H. Lubow expressed enthusiasm for the new location, emphasizing its strategic importance in their growth plan amid ongoing market disruptions. Executive VP Jim Manseau highlighted the importance of finding a prime location and recruiting experienced staff for long-term success. Dime Community Bancshares operates Dime Community Bank, which has over $14 billion in assets and the highest deposit market share among community banks in Greater Long Island.
Potential Positives
- Dime Community Bancshares, Inc. has received all necessary regulatory approvals to open a new full-service branch in Manhattan, indicating strong regulatory compliance and growth capability.
- The new branch location on Madison Avenue is strategically important, demonstrating the company's targeted expansion efforts in key markets.
- Hiring an experienced branch manager, Lisa Reardon, enhances the bank's operational expertise and leadership in the new branch.
- The expansion reflects Dime's commitment to growth and capitalizing on opportunities in a competitive banking environment.
Potential Negatives
- While the opening of a new branch in Manhattan is a positive move, it also indicates a significant capital expenditure that may strain the company's resources, especially if the branch does not perform as expected.
- The reliance on forward-looking statements highlights potential risks and uncertainties, which could cast doubt on the company's stability and future performance.
- Staffing the new branch with a previously employed manager may raise concerns about the depth of talent acquisition and the company's ability to attract fresh leadership in a competitive market.
FAQ
Where is the new Dime Community Bank branch located?
The new Dime Community Bank branch is located at 232 Madison Avenue in Manhattan.
Who is managing the new branch in Manhattan?
Lisa Reardon, previously a branch manager at The First National Bank of Long Island, will manage the new Manhattan branch.
What is the significance of opening a branch in Manhattan?
The Manhattan branch aligns with Dime's strategy for selective expansion in strategically important markets.
What assets does Dime Community Bancshares, Inc. manage?
Dime Community Bancshares, Inc. manages over $14 billion in assets.
What is Dime's deposit market share ranking?
Dime Community Bank 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 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 84 institutional investors add shares of $DCOM stock to their portfolio, and 106 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. 26, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that it has received all necessary regulatory approvals and has opened a full-service branch location at 232 Madison Avenue in Manhattan.
The branch will be staffed by Lisa Reardon, who was previously a branch manager with The First National Bank of Long Island.
Stuart H. Lubow, President and Chief Executive Officer of Dime, commented: “We are excited to open a new full-service banking location in Manhattan. Our new location, on the corner of Madison Avenue and 37th Street, aligns with our focus of selectively expanding our physical presence in a strategically important market. As we execute on our growth plan, we continue to capitalize on the disruption across our marketplace.”
Jim Manseau, Executive Vice President and Chief Banking Officer, commented: “For a number of years we have had our eye on expanding our branch presence in Manhattan. Finding the right corner location on Madison Avenue and recruiting an experienced and well-regarded branch manager in Lisa, will serve Dime well over time.”
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.
