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Dime Announces Expansion In Manhattan With New Madison Avenue Branch

1. DCOM opens a new full-service branch in Manhattan. 2. The branch location is at Madison Avenue and 37th Street. 3. DCOM aims to expand its presence in strategically important markets. 4. Lisa Reardon, an experienced manager, will lead the new branch. 5. Dime holds the top deposit market share among local community banks.

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Why Bullish?

Opening a branch in Manhattan enhances DCOM's visibility and market share. Historical expansions in key areas typically correlate with stock price increases.

How important is it?

The opening of a branch in a prominent location symbolizes growth potential, impacting investor sentiment positively.

Why Long Term?

The full-service branch can drive customer acquisition and revenue growth over time. Past similar expansions by banks have shown sustained stock price appreciation.

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From Montauk to Manhattan September 26, 2025 08:30 ET  | Source: Dime Community Bancshares, Inc. HAUPPAUGE, N.Y., Sept. 26, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced that it has received all necessary regulatory approvals and has opened a full-service branch location at 232 Madison Avenue in Manhattan. The branch will be staffed by Lisa Reardon, who was previously a branch manager with The First National Bank of Long Island. Stuart H. Lubow, President and Chief Executive Officer of Dime, commented: “We are excited to open a new full-service banking location in Manhattan. Our new location, on the corner of Madison Avenue and 37th Street, aligns with our focus of selectively expanding our physical presence in a strategically important market. As we execute on our growth plan, we continue to capitalize on the disruption across our marketplace.” Jim Manseau, Executive Vice President and Chief Banking Officer, commented: “For a number of years we have had our eye on expanding our branch presence in Manhattan. Finding the right corner location on Madison Avenue and recruiting an experienced and well-regarded branch manager in Lisa, will serve Dime well over time.” ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Inc.Investor Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: avinash.reddy@dime.com  ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. FORWARD-LOOKING STATEMENTSStatements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.

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