Dime Continues to Execute Growth Plan With Hire of Michael Ragusa

Core Insights - Dime is expanding its presence in Lakewood, NJ, by hiring Michael J. Ragusa Jr. as First Vice President to enhance its Private and Commercial Banking services [1][2] - The bank is developing a new full-service location at 500 Boulevard of the Americas as part of its growth strategy in the Lakewood market [2] - Dime has approximately $15 billion in assets and holds the number one deposit market share in Greater Long Island [3] Company Strategy - The hiring of Mr. Ragusa is aimed at delivering customized banking solutions to businesses and high net worth individuals in the growing Lakewood community [1][2] - Dime's President and CEO, Stuart H. Lubow, emphasized the importance of Mr. Ragusa's local connections and relationship-driven approach in enhancing client service [2] - Mr. Ragusa expressed enthusiasm about joining Dime during a pivotal time for the bank's growth in Lakewood, highlighting its strong reputation for relationship banking [2] Market Position - Dime is committed to serving the Lakewood community as part of its broader growth plan [2] - The bank's treasury management platform and lending capabilities are noted as best-in-class, supporting its relationship banking model [2] - Dime's asset size and market share position it favorably among community banks with less than $20 billion in assets [3]