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Tom Geisel to Join Dime's Senior Executive Leadership Team
DCOMDime(DCOM) Newsfilter·2025-02-20 22:30

Core Insights - Dime Community Bancshares, Inc. has appointed Thomas X. Geisel as Senior Executive Vice President of Commercial Lending to enhance its commercial lending business [1][2] - The company has experienced significant growth in core deposits and business loans over the past two years, leveraging market disruptions and talent acquisition [2] - Dime Community Bancshares, Inc. holds over 14billioninassetsandhasthehighestdepositmarketshareamongcommunitybanksinGreaterLongIsland[3]CompanyStrategy−TherecruitmentofMr.Geiselisseenasastrategicmovetoexecutethecompany′sbusinessplanandfurtheritsmissionofbecomingthebestbusinessbankinNewYork[2]−Mr.Geiselbringsovertwentyyearsofleadershipexperienceingrowingregionalbanks,includingasuccessfultenureatSterlingNationalBank,whichgrewintoa14 billion in assets and has the highest deposit market share among community banks in Greater Long Island [3] Company Strategy - The recruitment of Mr. Geisel is seen as a strategic move to execute the company's business plan and further its mission of becoming the best business bank in New York [2] - Mr. Geisel brings over twenty years of leadership experience in growing regional banks, including a successful tenure at Sterling National Bank, which grew into a 30 billion institution [2] Market Position - Dime Community Bank is recognized as a New York State-chartered trust company with a strong balance sheet and capital strength, providing a solid foundation for commercial banking [2][3] - The company has a significant presence in the New York Metropolitan market, which is expected to benefit from Mr. Geisel's expertise and reputation [2]