Dime Names John Murphy Head of New Not-For-Profit Vertical

Core Insights - Dime Community Bancshares, Inc. has appointed John Murphy as Group Head of a newly established Not-For-Profit vertical, aiming to enhance its commercial banking services for Not-For-Profit organizations [1][2][3] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $13.5 billion in assets and holds the number one deposit market share among community banks in Greater Long Island [4] Strategic Goals - The addition of the Not-For-Profit vertical aligns with Dime's strategic objective to be the leading community commercial bank in its market, building on a 160-year history of supporting local communities and Not-For-Profit organizations [3] - The company has received an Outstanding CRA rating, reflecting its commitment to community support [3] Leadership Background - John Murphy previously served as a Senior Managing Director at Webster Bank and Co-Team Lead for its Not-For-Profit Banking Team, and has over a decade of experience in the sector [2] - Murphy expressed enthusiasm for Dime's flat organizational structure and single point of contact model, indicating a focus on growth in the Not-For-Profit sector [3]