Dime Announces Expansion in Williamsburg With Deposit-Focused Group
Portfolio Pulse from Benzinga Newsdesk
Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the hiring of a deposit-focused group to expand in the Williamsburg market. The group, led by John McDonough and Emanuel "Manny" Diconimakis, previously worked at the former Signature Bank and its successor, Flagstar Bank.
May 06, 2024 | 11:52 am
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Dime Community Bancshares, Inc. announces expansion in Williamsburg with a new deposit-focused group, aiming to strengthen its market presence.
The hiring of a specialized deposit-focused group, especially one led by individuals with a strong background from Signature and Flagstar Bank, indicates DCOM's strategic move to expand and strengthen its presence in the Williamsburg market. This could potentially increase DCOM's deposit base, enhance customer relationships, and improve its competitive position in the region. The positive impact is based on the assumption that the new group will successfully attract more deposits and customers, leveraging their experience and expertise.
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