with dime savings bank of new york . this article has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2016 learn how and when to remove this template message this article includes a list of references but its sources remain unclear because it has insufficient inline citations . please help to improve this article by introducing more precise citations . august 2016 learn how and when to remove this template message learn how and when to remove this template message dime community bank the main branch on havemeyer street in williamsburg brooklyn type public traded as nasdaq dcom industry banking founded 1864 headquarters brooklyn new york united states number of locations 25 branches 2016 area served bronx kings queens and nassau counties services financial services real estate loans revenue us 192 580 000 net income us 11 208 000 total assets us 5 556 197 000 total equity us 549 611 000 number of employees 403 parent dime community bancshares inc website www.dime.com dime community bank originally known as the dime savings bank of williamsburgh is a local fdic insured bank based in the williamsburg neighborhood of brooklyn new york . operating in the area since 1864 dime specializes in serving its local communities with personal and business banking housing loans and financial guidance as well as business financing products and advice . it has established itself on the principles of conservatism and integrity . contents 1 current operations 1.1 personal banking 1.2 business banking 1.3 branches and locations 1.4 leadership 1.5 corporate profile 2 history 3 community ties 4 notable buildings 5 why dime 6 references 7 external links current operations edit personal banking edit dime s offerings include personal banking products like checking and savings accounts debit cards and tailored savings accounts for students and other goal focused savings plans like their passbook and statement savings products . they also provide savings resources like money market accounts and certificates of deposit . their retirement planning products include iras and roth iras . dime s offers mobile banking to access checking and savings accounts on the go from mobile devices as well as mobile bill pay . dime also offers personal insurance products provided through their subsidiary company dime insurance agency inc. business banking edit dime provides financial guidance and a suite of business products including business checking and savings mobile banking online banking and bill pay business money market accounts and cds interest on lawyer accounts iolas business solutions for property managers landlords tenants one of the largest commercial real estate lenders in greater new york dime gained notoriety as a leader in mortgage financing for commercial property offering custom loans with competitive rates . branches and locations edit dime community bank operates 25 branches throughout metropolitan new york and in the boroughs of brooklyn queens the bronx and nassau serving neighborhoods in the following areas 86th street avenue m bay ridge bayside bellmore bensonhurst boro park brooklyn heights cedarhurst flushing garden city park glen oaks greenpoint hillcrest jackson heights kings highway long island city marine park merrick port washington soundview valley stream westbury whitestone williamsburg leadership edit chairman of the board and ceo vincent f. palagiano president and ceo kenneth j. mahon executive vice president general counsel and secretary lance j. bennett executive vice president and chief retail officer william e. brown executive vice president and chief lending officer daniel j. harris executive vice president and chief risk officer timothy b. king executive vice president and chief technology officer timothy k. lenhoff executive vice president and chief accounting officer michael pucella executive vice president and chief administrative officer anthony rose executive vice president and chief investment officer robert volino in its 150 year history only 14 presidents have led dime bank two of them for nearly 30 years each . dime often attracts loyal staff as a result of internal training and mentoring for new generations of leadership often from inside the organization . 1 corporate profile edit the bank is a wholly owned subsidiary of dime community bancshares inc. nasdaq dcom a publicly owned company . dime community bancshares posted 5.56 billion in consolidated assets as of june 30 2016 with a consolidated net income of 12.6 million . 2 dime has finished fifth on the s & p global market intelligence thrift ranking s & p global for eight consecutive years . the bank will open three new branches in 2016 2017 and originated 1.3 billion in loans primarily for commercial and multifamily housing . the bank s community focus and insider knowledge of the local real estate market and trends help project the bank s continued growth . after its 1996 ipo dime has consistently produced returns on equity in excess of 10 percent almost every year and has one of the highest common stock dividend yields of a community bank in the nation . history edit dime community bank has been located in brooklyn for more than 150 years having first opened its doors on june 1 1864 . founded by civic minded community leader william grandy dime was established as a mutual savings bank serving the growing immigrant and low income populations in the area during the mid 1800s . factory work drew laborers to the area and as brooklyn grew dime gave residents a place to grow their finances . when the brooklyn bridge was completed in 1883 the area grew even more and the bank made a name for itself helping anchor the neighborhood s housing market with competitive home loans and fair terms . brooklyn s population doubled by 1920 and dime was there to provide new residents with financial advice and savings options . dime weathered a series of economic ups and downs as conditions in williamsburg changed finally incorporating and becoming a publicly traded company on june 26 1996 . during this time dime acquired conestoga bancorp inc. and its wholly owned subsidiary pioneer savings bank making it the first simultaneous ipo acquisition of its kind in the nation . in 1999 dime acquired financial bancorp inc. financial federal savings bank . community ties edit dime is an influential part of the brooklyn community helping support its development by partnering with local nonprofits like southside united hdfc los sures neighborhood housing services of brooklyn and brooklyn legal services in an effort to rehabilitate old buildings and provide affordable housing . in addition to supporting the quality of life in brooklyn with various housing organizations dime also sponsors community events like the dime mccarren 5k run walk for youth which benefits local children through the st. nick s alliance . notable buildings edit dime community bank s first location was in the basement of the first national bank building at the base of the williamsburg bridge where it opened on june 1 1864 . operating from there until 1908 dime officially purchased the entire historic building . having outgrown the first national bank building dime moved its headquarters to a new development in the williamsburg bridge plaza on the corner of havemeyer and south 5th street where it remains today . why dime edit the significance of the dime comes from dime bank s early origins when a dime was indicative of thrift . it represented a time when that particular coin was required to be made up of 10 cents worth of silver . the savings banks also catered to those with as little as a dime to start saving encouraging saving behavior and financial independence at every income level . references edit dime community bank . dime community bank . missing or empty title help ; missing or empty url help ; access date requires url help investor relations . dime community bancshares declares quarterly cash dividend . dime community bank . dime community bank . retrieved 6 september 2016 . https www.snl.com irw corporateprofile 102643 https www.snl.com irweblinkx tearsheet.aspx iid 102643 https commercialobserver.com 2015 10 new yorks most prolific real estate lenders dime s 150th anniversary book external links edit official website this article has not been added to any categories . please help out by adding categories to it so that it can be listed with similar articles . october 2016 retrieved from https en.wikipedia.org w index.php title dime community bank & oldid 744564085 hidden categories pages with citations lacking titlespages using web citations with no urlpages using 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