Dime Community Bank Announces the Appointment of New Chief Retail Officer

BROOKLYN, NY -- (Marketwired) -- 09/02/16 -- Kenneth J. Mahon, President and Chief Operating Officer of Dime Community Bancshares, Inc. (NASDAQ: DCOM), and Dime Community Bank (the "bank"), today announced that William "Bill" E. Brown has joined the bank as Executive Vice President and Chief Retail Officer.

According to Mr. Mahon, "I am delighted to announce the appointment of Bill as Dime's new Chief Retail Officer. In this role, Bill will be responsible for sales, service, operations, distribution, and strategy for our consumer and small business customers. Most importantly, Bill will bring together our various channels (retail branches, mobile, online, and call center) to more holistically engage our customers and create a seamless, omni-channel experience. Bill's broad and diverse management background leading large retail organizations focusing on people, talent development, and culture is an excellent fit as we continue our evolution to a relationship-based sales and service model."

Mr. Brown is a seasoned executive with over 20 years of financial services experience, most recently as Head of the Retail Branch Network at HSBC. Previous to that, he spent 17 years at Citibank as a Managing Director in positions of increasing responsibility including Head of the Global Consumer Bank AML, FATCA, and Branch Controls Office as well as Market President for Citibank's New York City market. Prior to Citibank, Mr. Brown was an Officer in the US Navy for nearly eight years serving as a Naval Flight Officer in a Maritime Patrol Squadron and at the Pentagon on the Navy Staff. Mr. Brown holds a BA in International Relations from Boston University.

ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company") had $5.56 billion in consolidated assets as of June 30, 2016, and is the parent company of the Dime Community Bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the bank can be found on Dime's website at www.dime.com.

   Contact: Anthony RoseExecutive Vice President and Chief Administrative Officer718-782-6200, extension 5260

Source: Dime Community Bancshares

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