Dime Community Bancshares Director Retires

By Bobby Samwell • Saturday, December 21 10:23 • Permanent Link

Dime Community Bancshares, Inc. (NASDAQ: DCOM) has announced the retirement of Michael P. Devine from the Board of Directors. Devine, who has been associated with Dime for over 40 years and held various significant positions within the organization, intends to retire ahead of the next annual shareholders meeting.

Devine began his career with The Dime Savings Bank of Williamsburgh in 1971 and has served in several capacities within the bank. After the merger of equals transaction in 2021, he continued in his director role at the pro forma Company. His retirement has been met with acknowledgments of his valuable contributions and leadership from the Company's and Bank's Boards of Directors.

Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, which has over $13.7 billion in assets and holds the number one deposit market share among community banks on Greater Long Island.

The press release does not provide specific financial metrics or changes in metrics since the last period. Today the company's shares have moved -0.3% to a price of $31.33. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.