Dime Community Bancshares to Release Earnings on January 26, 2007


BROOKLYN, NY -- (MARKET WIRE) -- January 9, 2007 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of The Dime Savings Bank of Williamsburgh, today announced that the Company expects to release its earnings for the quarter and fiscal year ended December 31, 2006 prior to the opening of the U.S. equity markets on Friday, January 26, 2007.

ABOUT DIME COMMUNITY BANCSHARES

Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") has $3.14 billion in consolidated assets as of September 30, 2006, and is the parent company of The Dime Savings Bank of Williamsburgh (the "Bank"). The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-one 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 Ceonzo Director of Investor Relations 718-782-6200 extension 8279