Press Release

Dime Community Bank Opens New Full-Service Branch in Park Slope, Brooklyn

Differentiated customer experience through seamless offering of high touch and high tech

Company Release - 2/16/2017 10:00 AM ET

BROOKLYN, N.Y., Feb. 16, 2017 (GLOBE NEWSWIRE) -- Dime Community Bank (the “bank” or “Dime”), subsidiary of Dime Community Bancshares, Inc. (the “Company”) (NASDAQ:DCOM), announced today that it has opened a new branch in the Park Slope community of Brooklyn at the intersection of 5th Avenue  and Union Street.  The branch will offer local residents and business owners a broad range of financial services and personal account features.

“Our Park Slope branch represents our continued commitment to Brooklyn, and brings the historic Dime brand to this dynamic neighborhood of both small business and retail customers”, said Kenneth J. Mahon, President and Chief Executive Officer of Dime. “As Brooklyn’s local bank, I’m particularly pleased that we were able to build the branch by using local businesses and locally-sourced materials, such as reclaimed wood, reinforcing the “buy local” focus that is crucial to ensure the success of local small businesses, their employees, and the communities in which we all live”.

Dime’s Park Slope branch fills in a geographic niche between existing branches in Brooklyn Heights at 188 Montague Street and Borough Park at 5003 13th Avenue (at the intersection of 50th Street). The Park Slope branch, which is based on the new design format, melds digital banking with in-person service to give customers a tailored experience, whether they are seeking personal consultation or a quick transaction.

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.01 billion in consolidated assets as of December 31, 2016, and is the parent company of the bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-six 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 Rose, Executive Vice President and Director of Investor Relations. 718-782-6200 extension 5260

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Source: Dime Community Bancshares, Inc.