Dime Announces Expansion in Manhattan With Deposit-Focused Group

Core Insights - Dime Community Bancshares, Inc. has announced the hiring of a deposit-focused group to enhance its presence in the Manhattan market, led by Avi Azuolay, who has a successful track record in the area [2][1] - The new team previously worked at Signature Bank and its successor, Flagstar Bank, and is expected to contribute significantly to Dime's growth plans in Manhattan [2][1] Company Overview - Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which is a New York State-chartered trust company with over $13.5 billion in assets [2] - The company holds the number one deposit market share among community banks in Greater Long Island, specifically in Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets [2][4] Leadership and Strategy - Stuart H. Lubow, President and CEO of Dime, expressed excitement about the new team's addition and emphasized the company's commitment to growing its Manhattan presence over time [1] - Avi Azuolay highlighted the appeal of Dime's client-centric approach and advanced technology, indicating a strong alignment with the new team's goals [1]