Dime Community Bancshares, Inc., the holding company for Dime Community Bank, has announced key technology enhancements for its business customers. The bank, which holds the number one deposit market share among community banks on Greater Long Island and has over $13.5 billion in assets, is expanding its Commercial Online Banking platform to allow clients to initiate international wires in both USD and foreign currency. This upgrade will also provide real-time requests for foreign currency rates, and Dime will become an active member of the SWIFT Network. These enhancements are expected to be available towards the end of the second quarter of 2024.
“These upgrades are part of our growth plan to provide business customers with the necessary tools to effectively run their businesses,” said Stuart Lubow, Dime’s President and CEO. As a New York State-chartered trust company with over $13.5 billion in assets, Dime Community Bank is committed to providing its customers with top-notch service and innovative solutions that meet their unique needs.
For investor relations, Avinash Reddy, Senior Executive Vice President and Chief Financial Officer at Dime Community Bancshares, Inc., 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.
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