Dime Community Bancshares, the parent company of Dime Community Bank, hired six deposit-focused groups from the former Signature Bank and its successor, Flagstar Bank. Collectively, the groups managed $7 billion in deposits at predecessor institutions.
David DeVito joined Dime Community Bancshares, the parent company of Dime Community Bank, as senior vice president and group leader. Recently, DeVito was senior vice president and team leader at People’s United Bank.
Robert Maichin joined Dime Community Bancshares, the parent company of Dime Community Bank, 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.
Bridge Bancorp, the parent company of BNB Bank, and Dime Community Bancshares, the parent company of Dime Community Bank, received approval from the New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank.
Bridge Bancorp and Dime Community Bancshares entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger of equals transaction, valued at approximately $489 million.
The board of directors of Dime Community Bancshares, the parent company of Dime Community Bank, approved the promotion of chief banking officer Stuart H. Lubow to president of the company and the bank.
Dime Community Bank hired Alan Green as senior vice president of business banking. Green will report to Conrad Gunther, EVP, business banking.
Robert “Rob” Dwyer has joined Dime Community Bank as senior vice president and head of SBA Lending.
Dime Community Bank authorized the prepayment of the outstanding balance on the company’s employee stock ownership plan share acquisition loan effective December 31, 2016.
Dime Community Bancshares named Roberto S. Volino, currently executive vice president and chief investment officer, as its senior executive vice president and chief operating officer.