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Dime Names John Murphy Head of New Not-For-Profit Vertical

Dime Community Bancshares, Inc.
·2-min read
Dime Community Bancshares, Inc.
Dime Community Bancshares, Inc.

Dime Continues to be the Bank-of-Choice for Talented Bankers

HAUPPAUGE, N.Y., May 28, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced today that John Murphy has joined the Company as Group Head of a newly created Not-For-Profit vertical. In this role, Murphy will be responsible for building out Dime’s Not-For-Profit commercial banking business.

Most recently, Murphy was a Senior Managing Director at Webster Bank and Co-Team Lead for its Not-For-Profit Banking Team. Previously, he spent over a decade with Hudson Valley Bank, and its successor Sterling Bank, where he was responsible for creating one of the leading Not-For-Profit verticals in the Metro New York area.

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Murphy will be based in Westchester at Dime’s newly opened office in White Plains.

Stuart H. Lubow, President and Chief Executive Officer of Dime, said, “Adding a Not-For-Profit vertical is consistent with our strategic goal of being the leading community commercial bank in our market. Dime has a 160 year track record of supporting local communities and Not-For-Profit organizations and we are proud of our Outstanding CRA rating. John’s hire will take our efforts in the Not-For-Profit space to the next level.”

“I joined Dime because of our shared commitment towards supporting New York’s local communities and Not-For-Profit organizations. Dime is well known for its flat organizational structure and single point of contact model. I look forward to growing Dime’s Not-For-Profit business and being part of the expansion into Westchester,” said Murphy.

ABOUT DIME COMMUNITY BANCSHARES, INC.

Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13.5 billion in assets and the number one deposit market share among community banks on Greater Long Island (1).

Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email: avinash.reddy@dime.com

____________________
¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.