Dime Community Bancshares Expands Commercial Lending Team with Seasoned Banking Professionals
TL;DR
Dime Community Bancshares gains competitive advantage by hiring experienced professionals from Webster Bank and Deloitte to expand its commercial lending capabilities and portfolio.
Dime Community Bank systematically expands its commercial lending platform by adding specialized roles in mid-corporate lending, specialty finance, and syndications with experienced banking professionals.
Dime's expansion of commercial lending services helps businesses access customized credit solutions, supporting economic growth and community development on Greater Long Island.
Dime Community Bank hired five seasoned banking professionals including former Deloitte and Webster Bank executives to strengthen its $14 billion commercial lending platform.
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Dime Community Bancshares, Inc. (NASDAQ: DCOM), parent company of Dime Community Bank, has expanded its commercial lending platform through the addition of several experienced banking professionals. The new hires include Ryan Kent as Director of Commercial Strategic Initiatives, Elvis Grgurovic as Co-Head of the Mid Corporate vertical, Eric Pelletier as Head of Syndications, Matt Greene as Senior Vice President in the Mid-Corporate and Specialty Finance vertical, and Barry Renow as Senior Vice President in the same vertical.
Stuart H. Lubow, President and Chief Executive Officer of Dime, stated that these appointments align with the company's growth strategy focused on building a diversified commercial loan portfolio. He emphasized Dime's position as a preferred institution for top talent seeking a dynamic, client-focused environment with an organizational structure that promotes efficiency and responsiveness. More information about Dime's corporate leadership can be found at https://www.dime.com.
Thomas X. Geisel, Senior Executive Vice President of Commercial Lending, highlighted that these professionals will enhance Dime's capabilities in mid-corporate lending, specialty finance, and loan syndications. Their expertise is expected to scale the platform and deliver value to clients through tailored credit solutions and industry knowledge. Dime Community Bank, a New York State-chartered trust company, holds over $14 billion in assets and leads in deposit market share among community banks on Greater Long Island. Additional details about the bank's services are available at https://www.dime.com/business-banking.
This expansion reflects Dime's commitment to strengthening its commercial lending operations, which could increase its competitive edge in the financial services industry. For clients, the enhanced team may result in more sophisticated and responsive lending options, supporting business growth and economic development in the regions Dime serves. The move also signals confidence in the commercial lending market's potential, potentially influencing industry hiring trends and competitive dynamics among community banks.
Curated from citybiz
