Latest news with #DimeCommunityBank
Cision Canada
3 days ago
- Business
- Cision Canada
Dime Community Bank Selects Quantifind to Strengthen Sanctions Screening in Payments
PALO ALTO, Calif., June 4, 2025 /CNW/ -- Dime Community Bancshares, Inc., the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1), has chosen Quantifind's AI-powered risk intelligence platform to enhance its sanctions screening for payments. Faced with increasing regulatory scrutiny and growing complexity in global transactions, Dime sought a more precise and scalable solution to strengthen its compliance program while maintaining efficient operations. After a competitive evaluation, Dime selected Quantifind for its advanced capabilities in risk detection and seamless integration into existing workflows. "Our partnership with Quantifind represents a significant advancement in our compliance capabilities," said Michael Fegan, CTO, Dime Community Bank. "Quantifind's AI-driven platform equips us to protect our customers and communities while maintaining the highest standards of regulatory compliance." "We're proud to partner with Dime Community Bank and extend our support to mid-market banks that are critical to the financial ecosystem," said Graham Bailey, Quantifind COO. "Quantifind's solutions are designed to empower banks of all sizes to tackle financial crime with unparalleled speed, accuracy, and scalability." Quantifind's commitment to supporting mid-market banks reflects a broader mission to deliver purpose-built AI solutions that help institutions of all sizes detect and mitigate financial crime risks. About Dime Community Bank Dime Community Bank, headquartered in Hauppauge, New York, has served its community since 1864. With over 60 locations across the New York metropolitan area, which includes the five boroughs, Long Island, and Westchester County, Dime offers a comprehensive range of financial services for individuals and businesses. About Quantifind Quantifind is a leader in financial crime intelligence automation. Its Graphyte™ platform delivers real-time, accurate risk assessments by integrating internal data with unstructured public information, enabling organizations to uncover hidden threats and strengthen compliance with speed, accuracy, and scale. ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. Forward-Looking Statements Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Media Contact Annalisa Camarillo EVP of Marketing, Quantifind Email: [email protected] SOURCE Quantifind
Yahoo
4 days ago
- Business
- Yahoo
Dime Announces Receipt of Federal Reserve and NYDFS Approvals for Lakewood, NJ Branch Location
HAUPPAUGE, N.Y., June 02, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Lakewood, New Jersey. The branch will be located at 500 Boulevard of the Americas, Lakewood, New Jersey, pending approval from the New Jersey Department of Banking and Insurance. As previously announced, construction of the branch is expected to start in the second half of 2025, with the branch opening planned for early 2026. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. FORWARD-LOOKING STATEMENTSStatements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
Associated Press
28-05-2025
- Business
- Associated Press
Quiq Capital Announces New Credit Facility
NEW YORK, May 28, 2025 /PRNewswire/ -- Quiq Capital LLC ('Quiq') is pleased to announce the closing of the firm's inaugural revolving credit facility with Dime Community Bank. The facility provides the company with increased financial flexibility and liquidity to support business growth. 'We are extremely pleased to have entered into this new relationship with Dime and look forward to growing our platform with this venerable institution. This new revolving credit facility is a significant step forward in strengthening our financial position and providing us with greater flexibility to pursue our strategic goals,' said Ashish Parikh, Principal of Quiq Capital, LLC. 'The facility demonstrates strong confidence from the institutional community in our lending platform and provides us with the resources we need to capitalize on growth opportunities.' 'Supporting the achievement of Quiq's business strategy with a flexible capital solution is the partnership we strive for with our clients,' Said Thomas X. Geisel, Senior Executive Vice President, Commercial Lending at Dime Community Bank. ABOUT QUIQ CAPITAL LLC Quiq is a private credit lender that creates high value, risk-adjusted investments by empowering the growth of lower middle market businesses. Through private capital and structured lending, Quiq provides critical funding for the companies that keep the economy moving. Our tailored financing solutions fill the gap left by decades of bank consolidation and reduced lower middle market lending. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island1. ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets. View original content to download multimedia: SOURCE QUIQ CAPITAL
Yahoo
18-03-2025
- Business
- Yahoo
Dime Announces Expansion in Manhattan With Hire of Jim LoGatto
Dime Continues to be the Bank-of-Choice for Talented Bankers HAUPPAUGE, N.Y., March 18, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced today that Jim LoGatto has joined the Company as an Executive Vice President. LoGatto will be responsible for growing Dime's commercial banking business in Manhattan. Most recently, LoGatto served as Executive Vice President and Director of US Private Banking at Israel Discount Bank of New York. He also held various executive level positions at Wells Fargo Bank and Independence Community Bank. LoGatto began his career at Irving Trust Company and subsequently joined Republic National Bank where he rose to the position of Managing Director. Stuart H. Lubow, President and Chief Executive Officer of Dime, said, 'We are excited to attract a banker of Jim's caliber to our organization. Jim is an extremely seasoned banker with a very strong reputation in the Manhattan marketplace. Hiring Jim is consistent with our stated goal of expanding our deposit and lending presence in Manhattan.' ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: ____________________¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Dime Announces Continued Partnership with Island Harvest in 2025
HAUPPAUGE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank') today announced that it will continue its role as a partner with Island Harvest for the 4th consecutive year. Island Harvest is Long Island's leading hunger-relief organization. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares, Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. 5909Email: 1 Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.
