Contact Information: Contact: Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279
Dime Community Bancshares, Inc. Adds to Management Team
| Source: Dime Community Bancshares, Inc.
BROOKLYN, NY -- (MARKET WIRE) -- January 25, 2006 --Dime Community Bancshares, Inc. (NASDAQ: DCOM )
(the "Company"), the parent company of The Dime Savings Bank of
Williamsburgh (the "Bank"), today announced that the Bank has hired
Christopher D. Maher to fill the new position of Executive Vice President
of Retail Banking.
Mr. Maher's focus will be the development of an enhanced retail banking
strategy. Additionally, he will oversee the Bank's entire retail banking
operations, including the call center ("dimedirect"), and the ongoing
evaluation of marketing strategies.
Michael P. Devine, President and Chief Operating Officer, commented on the
hiring by saying, "At a challenging time in the banking environment, Chris
brings to the Dime a wealth of knowledge about retail banking and the use
of technology in the delivery of retail products and services. As the Dime
looks to both solidify its footprint in its chosen markets and expand its
deposit base, Chris will be a key member of the senior management team
responsible for achieving those goals."
Mr. Maher, 39, was most recently a Senior Vice President of the Banking
Division of the BISYS Group. Prior to that role, he spent over 10 years at
the Dime Savings Bank of New York in a variety of senior management
positions in its Retail, Insurance and Consumer Lending units. Mr. Maher
holds a Bachelor of Arts degree in Business from Upsala College. He is
currently a Trustee of the Helen Keller National Center.
ABOUT DIME COMMUNITY BANCSHARES
Dime Community Bancshares, Inc., a unitary holding company, is the parent
of The Dime Savings Bank of Williamsburgh, founded in 1864, and
headquartered in Brooklyn, New York. With $3.23 billion in assets as of
September 30, 2005, the Bank has twenty branches located throughout
Brooklyn, Queens, the Bronx and Nassau County, New York. More information
on the Company and the Bank can be found on the Bank's Internet website at
www.dimedirect.com.