Dime Community Bancshares Upgrades Commercial Online Banking Platform for Greater Long Island Businesses
Dime Community Bancshares, Inc. is a holding company for Dime Community Bank, which is a New York State-chartered trust company with over $13.5 billion in assets. The bank has the number one deposit market share among community banks in Greater Long Island. In an effort to enhance its services for business customers, the company has announced significant technology upgrades to its Commercial Online Banking platform. With these enhancements, clients will be able to initiate international wires in both USD and foreign currency, as well as request real-time foreign currency rates. Additionally, Dime will become an active member of the SWIFT Network. These improvements are expected to be available by the end of the second quarter of 2024.
According to Stuart Lubow, President and CEO of Dime, these enhancements are crucial for businesses looking to effectively manage their operations. He emphasized that Dime is committed to executing its growth plan and providing businesses with the necessary tools to succeed. Lubow also noted that the bank’s focus on investor relations remains strong, with individuals able to contact Avinash Reddy, Senior Executive Vice President and Chief Financial Officer at Dime Community Bancshares, Inc., through phone at 718-782-6200 ext. 5909 or via email at avinash.reddy@dime.com for any inquiries related to investor relations
