Bailout Bank Bio: Dime Community Bancshares

Dec 15, 2008 | 1 min read | Print Article

NOTE: Dime Community Bancshares was approved to receive $77.3 million from the Treasury Department through the Capital Purchase Program, but later decided not to accept the money. They are included here for academic purposes only.

Dime Community Bancshares, Inc. is the parent company of The Dime Savings Bank of Williamsburgh, which operates 21 full-service retail banking offices located in Brooklyn, Queens, and the Bronx, and in Nassau County, New York. The company is headquartered in Brooklyn, New York.

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Bailout Bank Bio: Dime Community Bancshares Inc


Federal Equity Investment	$77.3 million
Total Revenue	$192.58 million (2007)
Net Income	$22.44 million (2007)
Number of Employees	334
Corporate Headquarters	Brooklyn, New York
Business Sector	Financial
Officers and Directors	Vincent F. Palagiano, Chairman of the Board, Chief Executive Officer Michael P. Devine, President, Chief Operating Officer, Director Kenneth J. Mahon, Chief Financial Officer, Executive Vice President, Director Timothy B. King, Executive Vice President, Chief Investment Officer
Corporate Website	http://www.dimewill.com
Executive Compensation	Dime Community Bancshares Inc