DIME COMMUNITY BANCSHARES, INC. (NASDAQ:DCOM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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DIME COMMUNITY BANCSHARES, INC. (NASDAQ:DCOM) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02

Effective December 20, 2017, the Board of Directors of Dime Community Bancshares, Inc. (the “Company”) appointed Mr. Kevin Stein to its Board of Directors. On the same date, Mr. Stein was also appointed to the Board of Directors of Dime Community Bank, the Company’s wholly owned subsidiary. Mr. Stein will serve as a member of the Board’s Audit Committee, as a financial expert, and Strategic Planning Committee.

Mr. Stein is the chief executive officer of Resolution Analytica, a buyer of commercial judgments, and an operating adviser of KCK-US, Inc., a private equity firm. Previously, he served in leadership positions at the Financial Institutions Group of Barclays, FBR Capital Markets & Co., GreenPoint Financial Corporation, and the Federal Deposit Insurance Corporation. Mr. Stein currently serves on the Board of Directors of PHH Corporation. Mr. Stein is not a party to any transaction with the Company or the Bank that would require disclosure under Item 404(a) of Regulation S-K.

A copy of the Company’s press release announcing Mr. Stein’s appointment to its Board is expected to be released on January 2, 2018.


About DIME COMMUNITY BANCSHARES, INC. (NASDAQ:DCOM)

Dime Community Bancshares, Inc. operates as a holding company for The Dime Savings Bank of Williamsburgh (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities. The Bank’s primary sources of funds are, in general, deposits; loan amortization, prepayments and maturities; MBS amortization, prepayments and maturities; investment securities maturities and sales, and advances from the Federal Home Loan Bank of New York (FHLBNY).