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.

Volino succeeds Kenneth J. Mahon, who served as president and chief operating officer of the company and bank since January 1, 2016. Mahon will assume the role of chief executive officer while retaining the role of president.

“This re-alignment strengthens our executive management team and greatly increases our capacity to implement our strategy,” Mahon said. “Rob is a successful, seasoned, and trusted leader who has consistently delivered results and he is uniquely qualified to drive our efforts on operational excellence, resource prioritization, and accountability. He has demonstrated his ability to develop people and inspire employees, and his wealth of experience at Dime and knowledge of the banking industry will be a valuable asset as we continue to execute on our strategic plan.”

Volino previously served as first vice president and treasurer of the bank since 2009. Volino joined the bank in 1999.

Brooklyn, NY-based Dime had $5.82 billion in consolidated assets as of September 30, 2016, with 25 branches located throughout Brooklyn, Queens, the Bronx and Nassau County.