1. Dime Community Bancshares awarded a grant to Accompany Capital. 2. The grant aims to support underserved entrepreneurs in NYC. 3. Dime holds over $14 billion in assets, leading community banks in Long Island. 4. The initiative may enhance DCOM's reputation and community ties. 5. Forward-looking statements warn of risks affecting future outcomes.
FAQ
Why Bullish?
The grant enhances DCOM's community engagement, potentially attracting more customers and deposits, similar to strategies by other community banks that saw customer increases post-community initiatives.
How important is it?
The grant reflects DCOM's strategic focus on community development, likely appealing to socially-conscious investors.
Why Long Term?
Long-term community impact may build brand loyalty, similar to other banks that invested in community growth, enhancing customer retention over time.
HAUPPAUGE, N.Y., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), announced that Dime has awarded a grant to Accompany Capital in support of their mission to help underserved entrepreneurs succeed by empowering them to create jobs, stimulate economic growth, and boost New York City communities.
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 Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: 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 STATEMENTS
Statements 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.
