Dime Community Bancshares Expands Online Banking Services with International Wire Transfer Capabilities in Foreign Currencies

Dime Community Bancshares, Inc., the parent company of Dime Community Bank, announced key technology enhancements for its business customers. The company is expanding its Commercial Online Banking platform to allow clients to initiate international wires in both USD and foreign currency. This upgrade will also provide real-time requests for foreign currency rates, and Dime will become an active member of the SWIFT Network. These enhancements are expected to be available towards the end of the second quarter of 2024.

Dime Community Bancshares, Inc., is a holding company for Dime Community Bank, a New York State-chartered trust company with over $13.5 billion in assets. The bank holds the number one deposit market share among community banks on Greater Long Island. For investor relations, Avinash Reddy, Senior Executive Vice President and Chief Financial Officer, can be contacted at 718-782-6200; Ext. 5909 or via email at avinash.reddy@dime.com. The aggregate deposit market share is calculated for Kings, Queens, Nassau, and Suffolk counties for community banks with less than $20 billion in assets.