Dime Community Bancshares, Inc., the parent company of Dime Community Bank, is set to expand its Commercial Online Banking platform for business customers. The bank has announced that clients will soon be able to initiate international wires in both USD and foreign currency, as well as receive real-time requests for foreign currency rates. With these enhancements, Dime will become an active member of the SWIFT Network. These changes are expected to be available towards the end of the second quarter of 2024. According to Stuart Lubow, President and CEO of Dime, these upgrades are part of the company’s growth plan to provide business customers with the necessary tools to effectively run their businesses.
Dime Community Bancshares, Inc., is a holding company for Dime Community Bank, a New York State-chartered trust company with over $13.5 billion in assets. The bank holds the number one deposit market share among community banks on Greater Long Island. For investor relations, Avinash Reddy, Senior Executive Vice President and Chief Financial Officer can be contacted at 718-782-6200; Ext. 5909 or via email at avinash.reddy@dime.com . The aggregate deposit market share is calculated for Kings, Queens, Nassau and Suffolk counties for community banks with less than $20 billion in assets.