Dime Commercial Bancshares, Inc. Surveillance Report
Company Profile
Dime Commercial Bancshares, Inc. (NYSE: DCOM) (“Dime” or “the company”) is the BHC for main subsidiary, Dime Commercial Bank (“the bank”), which operates 63 branches primarily across Long Island and the NYC metro region.
Historically, Dime was positioned as a legacy thrift and multifamily lender, though accelerated its transformation into a full-service commercial bank following the 2021 merger with Bridge Bancorp, Inc. and subsequent efforts to capitalize on industry disruption. A key component of this strategy has been the onboarding of close to 20 deposit-focused teams from failed or disrupted banks in footprint, which have generated >$3 billion of deposits since 2023 and materially expanded its low-cost commercial deposit base, which now represent nearly 75% of deposits.
Management utilized this funding to largely eliminate noncore funding and strengthen liquidity while gradually remixing the loan portfolio. The rebalancing is supported…
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