Dime Community Bancshares, Inc., the parent company of Dime Community Bank, announced key technology enhancements for its business customers. These upgrades include expanding their Commercial Online Banking platform to allow clients to initiate international wires in both USD and foreign currency, providing real-time requests for foreign currency rates, and becoming an active member of the SWIFT Network. These changes are expected to be available towards the end of the second quarter of 2024. According to Stuart Lubow, Dime’s President and CEO, these enhancements are part of the company’s growth plan to provide business customers with the necessary tools to effectively run their businesses.
Dime Community Bancshares, Inc., is a holding company that owns and operates Dime Community Bank, a New York State-chartered trust company with over $13.5 billion in assets. The bank holds the number one deposit market share among community banks on Greater Long Island. For investor relations, Avinash Reddy, Senior Executive Vice President and Chief Financial Officer can be contacted at 718-782-6200; Ext. 5909 or via email at avinash.reddy@dime.com . The aggregate deposit market share is calculated for Kings, Queens, Nassau and Suffolk counties for community banks with less than $20 billion in assets.