- Strategic expansion into Queens market with the hiring of an experienced deposit-focused team.
- Successful recruitment of established bankers from competitor institutions to enhance market presence.
- Capitalization on market disruption to fuel targeted growth initiatives.
Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of Dime Community Bank, has strategically expanded its operations in the Queens market with the hiring of a new deposit-focused group. This move aligns with Dime's ongoing growth plan, aiming to strengthen its foothold in the region.
The newly appointed team includes George Taitt as Group Director and Amy Grandy as Associate Group Director. Both previously held positions at Signature Bank and its successor, Flagstar Bank. Their extensive experience in banking is expected to significantly contribute to Dime's strategic objectives.
Stuart H. Lubow, President and CEO of Dime, expressed enthusiasm about the recent hires, stating, "We are excited to announce the addition of another talented deposit-focused group. George and Amy are highly respected bankers with a long and successful track record. We continue to capitalize on the disruption in our marketplace and remain focused on executing our growth plan in a thoughtful and targeted manner."
The newly formed team was drawn to Dime's reputation for seamless integration of new teams, a collaborative corporate culture, and its strong capabilities in treasury management and technology. George Taitt emphasized the appeal of Dime, mentioning, "Amy and I are excited to be part of Dime’s growth plans."
Dime Community Bancshares, Inc. is a prominent holding company for Dime Community Bank, known for holding the leading deposit market share among community banks in Greater Long Island, with assets exceeding $14 billion.
