Dime Announces Receipt of Federal Reserve and NYDFS Approvals for Locust Valley Branch Location

Core Viewpoint - Dime Community Bancshares, Inc. has received regulatory approvals to open a new branch in Locust Valley, enhancing its presence in the Greater Long Island area [1]. Group 1: Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which is a New York State-chartered trust company with over $14 billion in assets [3]. - 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 [3][4]. Group 2: New Branch Details - The new branch will be located at 85 Forest Avenue and will be managed by Liz Materia, who previously served as a branch manager at The First National Bank of Long Island [2].