Dime Community Bancshares Schedules Earnings Conference Call


BROOKLYN, NY -- (MARKET WIRE) -- July 7, 2005 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of The Dime Savings Bank of Williamsburgh, today announced that management will conduct a conference call at 11:30 A.M. Eastern Time, on Thursday, July 21, 2005, to discuss DCOM's operating performance for the quarterly period ended June 30, 2005.

Management currently anticipates releasing the Company's earnings for the quarter ended June 30, 2005 prior to the opening of the U.S. equity markets on Thursday, July 21, 2005.

The direct dial number for the call is 785-832-2041. For those unable to participate in the conference call, a replay will be available. To access the replay, dial 402-220-7324 from one hour after the end of the call until midnight Eastern Time on Thursday, July 28, 2005.

The conference call will also be available via the Internet by accessing the following Web address: www.dsbwdirect.com or www.vcall.com. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available until August 21, 2005.

About Dime Community Bancshares

Dime Community Bancshares, Inc., a unitary thrift holding company, is the parent company of The Dime Savings Bank of Williamsburgh, Brooklyn, New York, founded in 1864. With $3.37 billion in assets as of March 31, 2005, the Bank has twenty branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Bank can be found on the Bank's Internet website at www.dimedirect.com.

Contact Information: Contact: Kenneth J. Mahon Exec. VP and Chief Financial Officer 718-782-6200 extension 8265 Stephanie Prince Director of Corporate Marketing 718-782-6200 extension 8250