Dime Community Bank Hires Deposit-Focused Groups from Former Signature Bank

Dime Community Bancshares, the parent company of Dime Community Bank, hired six deposit-focused groups from the former Signature Bank and its successor, Flagstar Bank. Collectively, the groups managed $7 billion in deposits at predecessor institutions.

“Building upon the successes we had over the past year, we are excited to announce the addition of several deposit-focused groups,” Stuart H. Lubow, president and CEO of Dime, said. “Including the hires announced today, we have added more than 12 deposit-focused groups over the past 12 months to capitalize on the disruption in our marketplace. The hires announced today will deepen our presence in Brooklyn and Nassau County, where we are the preeminent community commercial bank, and allows us to enter the strategically important market of Westchester. The groups were attracted to our single-point of contact model, best-in-class treasury management systems, state-of-the-art escrow and sub-accounting systems, commitment to continue to innovate, flat organizational structure, and customer-first mindset.”

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