BNET Industries

Market Cap:$406.9M
Last Fiscal Year Sales:$210.9M
  • Public
  • US
Dow Jones Description

Bank Holding Company

Chairman & CEO
Vincent F. Palagiano
Number of Employees 363
Contact Information

209 Havemeyer St

Brooklyn, New York 11211

www.dsbwdirect....

(718) 782-6200

NAICS Code Savings Institutions: 522120

Recent Events

  • Dime Community DCOM Posts Q3 EPS of $0.25, Tops by 1c

    10/29/09 - Financial Announcement - View Story

  • Fox-Pitt Kelton Cochran LLC reiterates Dime Community Bancshares at 'outperform'

    8/28/09 - Bond / Stock Rating - View Story

  • Dime Community Bancshares Reports Earnings for the Quarter Ended June 30, 2009

    7/28/09 - Financial Announcement - View Story

News & Analysis

dime community bancshares inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Michael P. Devine President & Coo
Kenneth J. Mahon CFO & Executive Vice President
Michael Pucella Chief Accounting Officer & Senior Vice President
Timothy B. King Chief Investment Officer & Executive Vice President

Board of Directors

Name (plus bio) Position
Vincent F. Palagiano Chairman & CEO
Anthony Bergamo Board of Directors
Fred P. Fehrenbach Board of Directors
George L. Clark Jr. Board of Directors
John J. Flynn Board of Directors
Joseph H. Farrell Board of Directors
Joseph J. Perry Board of Directors
Omer S. Williams Board of Directors
Patrick E. Curtin Board of Directors
Steven D. Cohn Board of Directors

Organization Position Status
Dime Savings Bank Chairman of The Board and Chief Executive Officer Current
Dime Community Bancshares, Inc. Chairman & CEO Current
The Dime Savings Bank of Williamsburgh Chairman of the Board and Chief Executive Officer Current
Dime Community Bancshares, Inc. Chairman & CEO Current
Boyscouts.Com Board of Directors Current

Michael P. Devine has served as a Director of Dime Community Bancshares, Inc. (the "Company") since its formation in 1995 and as a Trustee or Director of The Dime Savings Bank of Williamsburgh (the "Bank") since 1980. Mr. Devine has served as President of both the Company and Bank since January 1, 1997 and as Chief Operating Officer of the Company since its inception in 1995 and of the Bank since 1989. Prior to Mr. Devine’s appointment as President, he served as Executive Vice President and Secretary of both the Company and the Bank. Mr. Devine joined the Bank in 1971 and has served as the Internal Auditor, Comptroller and Investment Officer. Prior to 1971, Mr. Devine served as a Senior Accountant with the firm of Peat Marwick Mitchell & Co. From August 2001 through September 12, 2008, Mr. Devine served on the Board of Directors of Retirement Systems Group, Inc. In September 2007, Mr. Devine joined the Board of Trustees of Long Island University and serves on its Audit and Budget and Finance Committees. In March 2009, Mr. Devine was elected a director of RSI Retirement Trust, for which he is not compensated.

Organization Position Status
Dime Community Bancshares, Inc. President & Coo Current
The Dime Savings Bank of Williamsburgh President & Coo Current
The Dime Savings Bank of Williamsburgh Board of Directors Current
Dime Community Bancshares, Inc. Board of Directors Current
The Mitchell Company, Inc. Senior Accountant Former

Organization Position Status
Dime Savings Bank Director, First Executive Vice President and Chief Financial Officer Current
The Dime Savings Bank of Williamsburgh Director, First Executive Vice President and Chief Financial Officer Current
Dime Community Bancshares, Inc. CFO & Executive Vice President Current
Dime Community Bancshares, Inc. CFO & Executive Vice President Current
National Investor Relations Institute Board of Directors Current
National Association of Corporate Directors Board of Directors Current
Financial Managers Society, Inc Board of Directors Current

Michael Pucella currently serves as Executive Vice President and Chief Accounting Officer of both Dime Community Bancshares, Inc. (the "Company") and Dime Savings Bank of Williamsburgh (the "Bank'), and is responsible for financial reporting, budgeting, corporate planning and tax administration. Mr. Pucella was promoted to Comptroller of the Bank in 1989 and of the Company at its inception in 1995, Vice President of both the Company and Bank in 1996, First Vice President of both the Company and Bank in 1997, Senior Vice President of both the Company and the Bank in 1999, and Executive Vice President of both the Company and Bank in 2009. Mr. Pucella has been with the Bank since 1981, and has over 34 years of banking experience.

Organization Position Status
Dime Community Bancshares, Inc. Chief Accounting Officer & Senior Vice President Current

Timothy B. King is an Executive Vice President and the Chief Investment Officer of both Dime Community Bancshares, Inc. (the "Company") and The Dime Savings Bank of Williamsburgh (the "Bank"), as he oversees the securities investment function of both the Company and the Bank. Mr King has over 27 years of banking experience, and has been with the Bank since 1983. Mr. King was promoted to Treasurer of the Bank in 1989, Vice President of the Bank in 1993, Treasurer of the Company at its inception in 1995, First Vice President of both the Company and Bank in 1997, Senior Vice President of both the Company and the Bank in 1999, and Executive Vice President of both the Company and the Bank in 2008.

Organization Position Status
Dime Community Bancshares, Inc. Chief Investment Officer & Executive Vice President Current

Anthony Bergamo has served as a Director of Dime Community Bancshares, Inc. (the "Company") since its formation in 1995 and as a Trustee or Director of The Dime Savings Bank of Williamsburgh (the "Bank") since 1986. Mr. Bergamo is a licensed attorney in New York and New Jersey and currently serves as Vice Chairman of MB Real Estate, headquartered in Manhattan, New York. Mr. Bergamo is also the chief executive officer of Niagara Falls Redevelopment LLC, Chairman of the Federal Law Enforcement Foundation and Audit Chairman of SP Acquisition Holdings, Inc. In 2002, Mr. Bergamo was elected a director of Lonestar Steakhouse and Saloon, Inc., a publicly traded company. Mr. Bergamo also serves as a member of the New York State Judicial Screening Committee and as a board member of the New York City division of Off Track Betting.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Fred P. Fehrenbach has served as a Director of the Company since its formation in 1995 and as a Trustee or Director of the Bank since 1987. Mr. Fehrenbach is President of Consolidated Brokerage Corp., a retail insurance brokerage business located in Great Neck, New York. Mr. Fehrenbach has been with Consolidated Brokerage Corp. since 1975. Mr. Fehrenbach is also the President of Shell Realty Corp., a real estate holding company.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

George L. Clark, Jr. has served as a Director of the Company since its formation in 1995 and as a Trustee or Director of the Bank since 1980. Mr. Clark is President of George L. Clark Inc. (Realtors), a New York State licensed real estate firm. Mr. Clark was a director of the Federal National Mortgage Association between 1986 and 1992, and a former Chairman of the New York State Republican Committee. Mr. Clark has been a licensed real estate broker for 46 years.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

John J. Flynn has served as a Director of the Company since its formation in 1995 and as a Trustee or Director of the Bank since October 1994, and before that from February 1983 to February 1993. From February 1993 through August 1994, Mr. Flynn was Executive Vice President of Flushing Savings Bank, FSB in Flushing, New York. Since September 1994, Mr. Flynn has been a self-employed real estate mortgage broker and consultant.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Joseph J. Perry has served as a Director of both the Company and Bank since September 2005, and as a Director of the Bank's wholly-owned subsidiary, Havemeyer Equities, Inc., from January 2004 through August 2005. He is currently a partner at Marcum & Kliegman LLP, a public accounting and consulting firm headquartered in Melville, New York, where he has served as the partner-in-charge of the Long Island Tax Department since July 2004. Prior to joining Marcum & Kliegman LLP, Mr. Perry was a tax partner at one of the leading "Big 5" accounting firms and provided services to several financial services companies throughout the New York metropolitan area. Mr. Perry is a member of the American Institute of Certified Public Accountants and the New York State Society of Public Accountants. He has additionally served as a member of the advisory board to Suffolk Community College.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Omer S.J. Williams has served as a Director of both the Dime Community Bancshares, Inc. (the "Company") and The Dime Savings Bank of Williamsburgh (the "Bank") since July 2006. Prior to his retirement in early 2009, Mr. Williams was a partner at Thacher Proffitt & Wood LLP, where he served as both the Chairman of the firm's Executive Committee and the Managing Partner of the firm. Mr. Williams has more than 40 years of experience in corporate and financial institution law, including securities and mortgage finance issues.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Patrick E. Curtin has served as a Director of the Company since its formation in 1995 and as a Trustee or Director of the Bank since 1986. Mr. Curtin is a senior partner in the law firm of Conway Farrell Curtin & Kelly, P.C. ("Conway Farrell") in New York, New York.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current

Steven D. Cohn has served as a Director of the Company since its formation in 1995 and as a Trustee or Director of the Bank since 1994. Mr. Cohn is the managing partner in the law firm of Goldberg and Cohn LLP, in Brooklyn Heights, New York.

Organization Position Status
Dime Community Bancshares, Inc. Board of Directors Current
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     DCOM $11.89 +0.55 (4.85% )
Average Volume 150,984
Shares Outstanding 34.39M
Market Cap 408.9M
Year High 16.86
Year Low 6.46
Earnings Per Share 0.71
P/E Ratio 16.75
Dividend 0.56
Yield 4.71
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