Dime Continues to Execute on Growth Plan With Commercial Lending Expansion

Core Insights - Dime Community Bancshares, Inc. is expanding its commercial lending platform by hiring several experienced banking professionals to enhance its capabilities in mid-corporate and specialty lending, as well as loan syndications [1][5] 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 [2][3] Key Hires - Ryan Kent has joined as Director of Commercial Strategic Initiatives, previously a Senior Manager at Deloitte and Senior Managing Director at Webster Bank [5] - Elvis Grgurovic has been appointed Co-Head of the Mid Corporate vertical, previously a Managing Director at Webster Bank [5] - Eric Pelletier has taken the role of Head of Syndications, also a former Managing Director at Webster Bank [5] - Matt Greene has joined as Senior Vice President in the Mid-Corporate and Specialty Finance vertical, previously a Senior Managing Director at Webster Bank [5] - Barry Renow has been appointed Senior Vice President in the Mid-Corporate and Specialty Finance vertical, previously a Senior Vice President at BHI USA [5] Management Commentary - The President and CEO of Dime expressed excitement about the new hires, emphasizing their alignment with the company's growth plan and focus on building a diversified commercial loan portfolio [1] - The Senior Executive Vice President of Commercial Lending highlighted that the new professionals will enhance the bank's capabilities and deliver customized credit solutions to clients [1]