Dime Continues to Execute on Growth Plan with the Hire of Shawn Gines

Core Insights - Dime Community Bancshares, Inc. has announced the hiring of Shawn Gines as Executive Vice President, Corporate and Specialty Finance, as part of its growth strategy [1][2] - Gines will focus on expanding Dime's commercial lending business, particularly with corporate clients and private equity firms, and will oversee the newly launched Fund Finance vertical [2][3] - The company aims to diversify its balance sheet through the development of various specialty verticals [2] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $14 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [5][6] - The bank is recognized for its strong market presence and is considered a preferred employer for talented bankers [3][4] Leadership and Experience - Shawn Gines brings extensive experience to Dime, having previously served as Regional President for the NYC and New Jersey Metro Markets at Webster Bank and as Senior Managing Director at Sterling National Bank [4] - His background includes roles at GE Capital and Bank of America, contributing to his strong track record in the banking industry [4] Strategic Goals - The hiring of Gines is seen as a cornerstone for Dime's growth plans, with expectations that his diverse experience will accelerate the bank's execution of its strategic initiatives [3] - The focus on corporate clients and private equity firms indicates a strategic shift towards enhancing Dime's commercial lending capabilities [2][3]