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Solomon Ponniah to Join Dime as Group Leader

1. Dime hired Solomon Ponniah as Senior VP for Commercial Lending. 2. Ponniah has 15+ years in Commercial Lending, boosting Dime's capabilities. 3. Dime aims to expand its presence in the NYC metro area. 4. The bank has over $14 billion in assets and strong deposit market share. 5. Hiring aligns with Dime’s growth trajectory and strategic objectives.

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FAQ

Why Bullish?

Hiring a seasoned banker may strengthen DCOM's competitive position, historical hires often improve performance.

How important is it?

The strategic hiring reflects Dime’s focus on growth which can positively influence investor perception.

Why Short Term?

Immediate impacts expected from strategic hires, driving growth in NYC region quickly.

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Dime Continues to Execute on Growth Plan and NYC Metro Buildout April 30, 2025 16:45 ET  | Source: Dime Community Bancshares, Inc. HAUPPAUGE, N.Y., April 30, 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 Solomon Ponniah as Senior Vice President and Group Leader. Solomon comes to Dime with over 15 years of experience in Commercial Lending, most recently as Director of Business Banking at Popular Bank. “I am excited to join Dime and be a part of their growth story. Dime’s ability to respond to customers quickly, their flat organizational structure, and their growth trajectory attracted me to join the Bank,” said Solomon. Stuart H. Lubow, President and Chief Executive Officer of Dime, said “Hiring Solomon to our Commercial Lending division is consistent with our stated goal of growing our presence in the NYC metro area. Solomon is a well-regarded banker and bringing him on board is a solid win for Dime.” 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 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.

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