| Business Summary | | Dime
Community
Bancshares,
Inc.
is
a
holding
company
for
The
Dime
Savings
Bank
of
Williamsburgh
(the
Bank).
The
Bank's
principal
business
is
gathering
deposits
from
customers
within
its
market
area,
and
investing
those
deposits,
primarily
in
multi-family
and
one-to-four
family
residential
mortgage
loans,
mortgage-backed
securities,
and
obligations
of
the
United
States
Government
and
Government
Sponsored
Entities.
The
Bank
is
a
community-oriented
financial
institution
providing
financial
services
and
loans
for
housing
within
its
market
areas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DCOM
is
a
holding
company
for
the
Dime
Savings
Bank
of
Williamsburgh,
a
community
oriented
federal
stock
savings
bank.
For
the
fiscal
year
ended
6/01,
interest
income
rose
10%
to
$181.6
million.
Net
interest
income
after
loan
prov.
rose
less
than
1%
to
$66.9
million.
Net
income
rose
13%
to
$25.2
million.
Net
interest
income
reflects
increased
income
from
real
estate
loans
partially
offset
by
higher
costs
for
borrowings.
Net
income
reflects
$1
million
in
gains
from
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Vincent Palagiano, 59 Chairman
and CEO of the Company and the Bank | $1.1M | Michael Devine, 54 Pres
of the Company and the Bank and COO of the Bank | 779K | Kenneth Mahon, 49 Exec.
VP and CFO | 465K | Michael Pucella, 47 Sr.
VP- Fin. | 267K | Timothy King, 42 Sr.
VP of the Company and the Bank and Treasurer of the Company | 267K | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|