Dime Community Bancshares, Inc. Announces Retirement of Michael P. Devine from Board of Directors

Company Overview - Dime Community Bancshares Inc is the parent company of Dime Community Bank a New York State-chartered trust company with over $13 7 billion in assets [6] - The company holds the number one deposit market share among community banks on Greater Long Island [6] - Aggregate deposit market share for Kings Queens Nassau & Suffolk counties for community banks with less than $20 billion in assets is noted [5] Leadership and Governance - Michael P Devine a long-serving director and former executive has announced his retirement from the Board of Directors after a 40-plus year association with Dime [3] - Devine began his career with Dime Savings Bank in 1971 and served in various capacities including President and Chief Operating Officer and later as Director and Vice Chairman [1] - Devine played a key role in the company's transition from a mutual to a stock-owned bank in 1996 and its evolution into a full-service commercial bank [7] Strategic Positioning and Future Outlook - Under Devine's leadership the company systematically improved its operations resulting in top-notch service for both business clients and retail customers [4] - The company is well-positioned for future growth with a strong board management and employee base [4] - Devine's retirement marks the end of an era but the company remains confident in its leadership and strategic direction [4][7]