The board of directors of Dime Community Bancshares, the parent company of Dime Community Bank, approved the promotion of Stuart (Stu) H. Lubow to president of the company and the bank.
In his new role, Lubow, previously chief banking officer with responsibility for the business banking division, will add reporting responsibilities for retail banking, information technology, operations and marketing.
“Stu’s promotion to president recognizes his outstanding leadership, customer-centric focus, enterprise-wide vision and our business banking division’s strong performance to-date. In a short span of time, under Stu’s leadership, Dime has made significant strides to become a well-respected community commercial bank,” Kenneth J. Mahon, CEO of the company and the bank, said. “The business banking division’s strong loan and deposit growth has enabled us to increase our core net interest margin for six consecutive quarters, diversify our balance sheet and grow sources of non-interest income. Stu has contributed tremendously to our long-term goal of becoming the best business bank in New York. I very much look forward to working closely with Stu in the years ahead and creating value for our customers, employees and shareholders.”
Lubow has been a banking executive for more than 40 years. Prior to joining Dime in 2017 as senior executive vice president and head of business banking, he served as chairman, CEO and president of Community National Bank, a community bank with nearly $1 billion in assets and 11 branches. Prior to that, he was founder, CEO and president of Community State Bank and prior to Community State Bank, Lubow held executive positions at Garden State Bank, Dollar Dry Dock Bank and People’s Bank.
