Dime Promotes Robert Volino to Executive Vice President and Chief Investment Officer

BROOKLYN, NEW YORK--(Marketwired - December 02, 2014) - The Dime Savings Bank of Williamsburgh (the "Bank" or "Dime"), subsidiary of Dime Community Bancshares, Inc., (NASDAQ: DCOM), announced that Robert Volino, a 17-year veteran of Dime, has been promoted to Executive Vice President and Chief Investment Officer.

Mr. Volino, an officer of the Bank since 2003, oversees all asset and liability management activities, including investment and funding strategies, financial forecasting, and management of liquidity and capital planning. He also continues to oversee all treasury functions, a role he assumed in 2007. Rob has over 20 years of experience with banking or related financial institutions.

"Rob's contribution to our organization extends well beyond his role as Chief Investment Officer," according to Kenneth J. Mahon, Senior Executive Vice President and Chief Operating Officer, "and we are pleased to have him serve in a leadership role here at Dime."

ABOUT DIME COMMUNITY BANCSHARES
The Company (NASDAQ: DCOM) had $4.38 billion in consolidated assets as of September 30, 2014, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Dime can be found on the Dime's Internet website at www.dime.com.