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BROOKLYN, N.Y., Feb. 24, 2017 -- Dime Community Bank (the “bank” or “Dime”), subsidiary of Dime Community Bancshares, Inc. (the “Company”) (NASDAQ:DCOM), announced today that it has opened a new branch in its hometown of Williamsburg at 214 Bedford Avenue (near the corner of North 5th Street). The branch, which is based on a new design format, will offer a full-service banking experience to residents and small business owners in a small footprint.
“Our Bedford Avenue small branch design enables us to offer a full-service client experience in which all of our bankers are empowered to handle any customer transaction, utilizing more customer facing digital banking technology,” said Kenneth J. Mahon, President and Chief Executive Officer of Dime. “Opening this branch on Bedford Avenue reaffirms our 153 year commitment to Williamsburg and places us at the epicenter of one of the most vibrant and growing neighborhoods in all of New York City.”
Dime’s Bedford Avenue branch, at only 433 square feet, doesn’t have a traditional teller line, but instead utilizes customer “pods” and advanced digital ATMs, offering both highly personalized service with a universal banker, or self-service through one of the advanced ATMs to help serve customers when, where, and how they want to be served.
“The branch is designed for speed, so our customers can conduct their banking business quickly, and then go on with their lives,” stated Mr. Mahon. “The branch will also serve as a gathering space for local business owners and community organizations with available Wi-Fi and refreshments.”
ABOUT DIME COMMUNITY BANCSHARES, INC.
The Company had $6.01 billion in consolidated assets as of December 31, 2016, and is the parent company of the bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-seven branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the bank can be found on Dime's website at www.dime.com.
Contact: Anthony Rose, Executive Vice President and Director of Investor Relations. 718-782-6200 extension 5260
