Kenneth J. Mahon Joins Board of Brooklyn Legal Services ("Brooklyn A")

BROOKLYN, NY -- (Marketwired) -- 07/30/15 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime"), the parent company of The Dime Savings Banks of Williamsburgh (the "bank"), today announced that Kenneth J. Mahon, Director, Senior Executive Vice President and Chief Operating Officer of Dime and the bank, has joined the Board of Brooklyn Legal Services Corporation A ("Brooklyn A").

Brooklyn A's purpose is to provide high-quality, free legal services to low-income individuals and community groups in Brooklyn. They have successfully represented and advised thousands of low-income families in varied and multi-faceted civil legal matters.

Brooklyn A first opened its office in Williamsburg in 1968 and has been operating under the joint leadership of co-Executive Directors Martin S. Needelman and Paul J. Acinapura since 1985, having started as staff attorneys in the early 1970's.

"I first met Marty and Paul in the early 1980's when I started working in Williamsburg at Dime, and ever since I have admired their dedication to their mission and to our community. I am pleased to be asked to represent Dime on Brooklyn A's Board, and look forward to contributing to the good work of this organization and to work with all the team members at Brooklyn A," said Mr. Mahon.

According to Marty Needelman, "Dime has been a good neighbor, dear friend and devoted supporter of Brooklyn A since our inception and we are glad to strengthen our relationship with Dime through Ken's participation on our Board. We look forward to a long, continuing partnership between our two organizations as we work to maintain the health and vibrancy of our community."

The national legal services network, of which Brooklyn A is a part, grew out of President Lyndon B. Johnson's "War on Poverty" and the creation in 1964 of the Office of Economic Opportunity ("OEO") under Sargent Shriver, in the government's quest to provide neighborhood-based, effective civil legal assistance to low-income Americans and the community organizations that serve them.

ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime (NASDAQ: DCOM) had $4.64 billion in consolidated assets as of June 30, 2015, and is the parent company of the 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 Dime can be found on the Dime's Internet website at www.dime.com.

   Contact: Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279

Source: Dime Community Bancshares, Inc.

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