Dime Community Bancshares announces Shawn Gines as Executive Vice President to diversify commercial lending and expand corporate client services.
Quiver AI Summary
Dime Community Bancshares, Inc. announced the appointment of Shawn Gines as Executive Vice President of Corporate and Specialty Finance, as part of its growth strategy. Gines will focus on expanding Dime's commercial lending operations, enhancing relationships with corporate clients and private equity firms, overseeing the Fund Finance vertical, and developing additional specialty lending areas to diversify the bank's balance sheet. Dime's CEO, Stuart H. Lubow, expressed enthusiasm for Gines’ hiring, highlighting his strong track record in banking. Gines joins from Webster Bank, where he was the Regional President for the NYC and New Jersey Metro Markets, and has previously held senior positions at Sterling National Bank, GE Capital, and Bank of America. Dime Community Bank, part of Dime Community Bancshares, has over $14 billion in assets and leads in deposit market share among community banks in Greater Long Island.
Potential Positives
- Shawn Gines, a well-regarded banker with a strong track record, is joining Dime Community Bancshares as Executive Vice President, which signifies the company's commitment to attracting top talent.
- Gines will play a key role in expanding Dime's commercial lending operations and diversifying its balance sheet, which is essential for future growth.
- The appointment underscores Dime's strategic focus on enhancing relationships with corporate clients and private equity firms, positioning the bank for increased market presence.
Potential Negatives
- The press release lacks specific details about the expected impact of Shawn Gines' hiring on the company's financial performance, leaving stakeholders uncertain about the effectiveness of the new strategy.
- No information is provided about potential challenges or risks associated with the expansion into new commercial lending areas, which may raise concerns among investors.
- The announcement does not address any current financial difficulties or market conditions that may affect the bank's growth strategy, potentially leading to skepticism from analysts and investors.
FAQ
Who is Shawn Gines?
Shawn Gines is the newly appointed Executive Vice President of Corporate and Specialty Finance at Dime Community Bancshares, Inc.
What role will Shawn Gines play at Dime?
Shawn Gines will help expand Dime’s commercial lending, focusing on corporate clients, private equity firms, and specialty finance verticals.
Where will Shawn Gines be based?
Shawn Gines will be based in Manhattan as part of his role at Dime Community Bancshares, Inc.
What is the focus of Dime's growth plan?
Dime's growth plan includes diversifying its commercial lending businesses and expanding its presence in specialty finance sectors.
How significant is Shawn Gines' experience?
Shawn Gines has extensive experience in commercial banking, having led teams at Webster Bank and Sterling National Bank.
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 16 times in the past 6 months. Of those trades, 6 have been purchases and 10 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 5 purchases buying 42,045 shares for an estimated $1,150,236 and 6 sales selling 50,315 shares for an estimated $1,407,828.
- KENNETH J MAHON sold 25,000 shares for an estimated $817,285
- RAYMOND A NIELSEN has made 0 purchases and 2 sales selling 5,000 shares for an estimated $144,910.
- AVINASH REDDY (SEVP - CHIEF FINANCIAL OFFICER) has made 1 purchase buying 500 shares for an estimated $9,677 and 1 sale selling 500 shares for an estimated $9,687.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DCOM Hedge Fund Activity
We have seen 93 institutional investors add shares of $DCOM stock to their portfolio, and 94 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 463,498 shares (-70.9%) from their portfolio in Q1 2025, for an estimated $12,922,324
- VERITION FUND MANAGEMENT LLC added 463,273 shares (+inf%) to their portfolio in Q4 2024, for an estimated $14,238,695
- BOSTON PARTNERS removed 456,850 shares (-43.0%) from their portfolio in Q1 2025, for an estimated $12,736,978
- POLARIS CAPITAL MANAGEMENT, LLC removed 397,680 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $11,087,318
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 340,046 shares (+16.9%) to their portfolio in Q1 2025, for an estimated $9,480,482
- WELLINGTON MANAGEMENT GROUP LLP added 321,353 shares (+25.3%) to their portfolio in Q1 2025, for an estimated $8,959,321
- MALTESE CAPITAL MANAGEMENT LLC removed 252,473 shares (-83.5%) from their portfolio in Q1 2025, for an estimated $7,038,947
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 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., June 16, 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 Shawn Gines will join Dime as Executive Vice President, Corporate and Specialty Finance.
Mr. Gines will play an integral role in the continued buildout and diversification of Dime’s commercial lending businesses, including growing Dime’s presence with corporate clients and private equity firms, overseeing the recently launched Fund Finance vertical, and building out other specialty verticals which over time will further diversify Dime’s balance sheet.
Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "We are excited to announce the hiring of Shawn, who will be one of the cornerstones of our growth plans in the years ahead. Shawn is a very well-known and well-regarded banker with a strong track record. Dime continues to be the bank of choice for talented bankers.”
“Shawn’s diverse experience in the geographies and asset classes we're building out will significantly accelerate our execution,” said Tom Geisel, Dime’s Senior Executive Vice President of Commercial Lending.
Gines, who will be based in Manhattan, was most recently Regional President for the NYC and New Jersey Metro Markets for Webster Bank. Previously, he was Senior Managing Director and led a Middle Market Commercial group at Sterling National Bank. Early in his career, Mr. Gines was employed at GE Capital and Bank of America where he held various roles with increasing responsibility.
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.
