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.
|
Appointment of Chief Operating Officer
|
wholly owned subsidiary, Dime Community Bank (the bank) appointed
Roberto S. Volino, currently Executive Vice President and Chief
Investment Officer (CIO) of both entities, as Senior Executive
Vice President and Chief Operating Officer of both the Registrant
and the bank effective January 1, 2017. Mr. Volino, age 45, was
named Executive Vice President and CIO of the Registrant in 2015
and bank in 2014. In this role, Mr. Volino oversees the asset and
liability management activities of both entities, which includes
investment and funding strategies, as well as management of
liquidity and capitalization reserves. Prior to this, Mr. Volino
served as First Vice President and Treasurer of the bank since
2009. Mr. Volino joined the bank in 1999.
Chief Operating Officer is included as Exhibit 99.1 to this
report.
| Item 9.01. |
Financial Statements and Exhibits.
|
|
(d)
|
Exhibits
|
|
99.1
|
Press release of the Registrant, dated December 23, 2016,
announcing the appointment of Roberto S. Volino as Chief Operating Officer. |
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). DIME COMMUNITY BANCSHARES, INC. (NASDAQ:DCOM) Recent Trading Information
DIME COMMUNITY BANCSHARES, INC. (NASDAQ:DCOM) closed its last trading session down -0.05 at 20.15 with 80,851 shares trading hands.
