StockNews.AI
DCOM
StockNews.AI
131 days

Dime Continues to Execute Growth Plan With Hire of Deposit-Focused Group

1. Dime Community Bancshares hires George Taitt and Amy Grandy for growth. 2. The new Group aims to enhance their deposit market share in Queens. 3. Both leaders previously worked at Signature Bank and Flagstar Bank. 4. Dime emphasizes strong team culture and exceptional client experience. 5. Dime holds the top deposit market share among Long Island community banks.

4m saved
Insight
Article

FAQ

Why Bullish?

The hiring of experienced leaders indicates strategic growth and market confidence, similar to past successes post-executive hires.

How important is it?

The strategic hires are likely to improve client acquisition and retention, boosting DCOM's fundamentals.

Why Long Term?

New team hires and efforts to expand in Queens suggest sustained growth efforts over time, as seen with previous team integrations.

Related Companies

SBNYFLTCFR
George Taitt to join as Group Director, Amy Grandy to join as Associate Group Director April 10, 2025 16:30 ET  | Source: Dime Community Bancshares, Inc. HAUPPAUGE, N.Y., April 10, 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 hired a deposit-focused Group that will cover the Queens market. The Group will be led by George Taitt and Amy Grandy. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, “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.” “We were attracted by Dime’s strong track record of bringing on new teams seamlessly, its bank-wide culture and belief in teamwork that leads to an exceptional client experience, and the Bank’s robust treasury management and technology capabilities. Both Amy and I are excited to be part of Dime’s growth plans,” said George Taitt. 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.

Related News