FORM 3       UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D. C. 20549                                 OMB APPROVAL
                                                                            OMB Number         3235-0104
                                                                            Expires:  September 30, 1998
                                                                            Estimated average burden
              INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES       hours per response.......0.5

                               Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
                               Section 17(a) of the Public Utility Holding Company Act of 1935 or
                                Section 30(f) of the Investment Company Act of 1940


(Print or Type Responses)
                                                                           
 1. Name and Address of Reporting Person*     2. Date of Event Requiring          4. Issuer Name AND Ticker or Trading
                                                 Statement (Month/Day/Year)          Symbol
                                                                                             (Check all applicable)

  FRITSKY      SAMUEL                            January 1, 2001                       DIME COMMUNITY BANCSHARES, INC.
  (Last)       (First)      (Middle)                                                          ("DCOM")

                                                                                   5. Relationship of Reporting
                                                                                      Person(s) to Issuer
                                                                                      (Check all applicable)
                                                                                          Director         10% Owner
                                                                                       X  Officer (give    Other (specify
                                                                                            title           below)
                                                                                            below)
                                              3. IRS or
                                                 Social Security                        Senior Vice President - Marketing
                                                 Number of
  209 HAVEMEYER STREET                           Reporting
                                                 Person (Voluntary)
                (Street)                                               6. If Amendment,   7. Individual or Joint/Group Filing
                                                                         Date of Original         (Check Applicable Line)
  BROOKLYN        NY         11211                                        (Month/Year)        X Form filed by One Reporting Person
   (City)       (State)      (Zip)                                                              Form filed by More than One
                                                                                                 Reporting Person



                                            TABLE I  NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED


                                                                 
 1. Title of Security                   2. Amount of      3. Ownership        4. Nature of
      (Instr. 4)                           Securities        Form:              Indirect
                                           Beneficially      Direct (D)         Beneficial
                                           Owned             or Indirect        Ownership
                                          (Instr. 4)         (I)(Inst. 5)       (Instr. 5)

None.




Reminder:  Report on a separate line for each class of securities beneficially
           owned directly or indirectly.
*  If the form is filed by more than one reporting person, see Instruction 5(b)(v).                                (Over)
                                                                                                           SEC 1472 (7-97)

        Potential persons who are to respond to the collection of information in
         this form are not required to respond unless the form displays a
         currently valid OMB control number.


FORM 3 (CONTINUED) TABLE II DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., puts, calls warrants, options, convertible securities) 1.Title 2.Date Ex- 3.Title 4.Conversion 5.Owner- 6. Nature of of Deriv- ercisable and Amount or Exercise ship Indirect ative Secu- and Ex- of Securities Price of Form Benefi- rity piration Underlying Derivative of cial (Instr. 4) Date Derivative Security Deri- Owner- (Month/ Security vative ship Day/ (Instr. 4) Secu- (Instr.5) Year) rity Direct (D) or Indirect (I) (Instr. 5) NONE. Date Expira- Title Amount or Exer- tion Number of cisable Date Shares Explanation of Responses: **Intentional misstatements or omissions of facts constitute Federal Criminal Violations. SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). /s/SAMUEL FRITSKY January 30, 2001 ------------------------- ------------------ **Signature of Reporting Date Note: File three copies of Person this Form, one of which must be By: Samuel Fritsky manually signed. If space provided is insufficient, SEE Instruction 6 for procedure. Page 2 SEC 1472 (7-97) Potential persons who are to respond to the collection of information in this form are not required to respond unless the form displays a currently valid OMB control number.