Dime Community Bancshares announced the expansion of its Williamsburg footprint through the signing of a lease for a prominent banking space formerly occupied by Signature Bank.
The new space, located at 185 Broadway in Williamsburg, is owned by the Forman Family, which also owns Peter Luger Steak House, a longtime client of Dime.
The expansion highlights Dime’s continued investment in Brooklyn and its long-term commitment to serving local businesses, residents, and community organizations throughout Williamsburg and nearby neighborhoods. The bank said the new location will strengthen its ability to provide personalized and private banking services to clients.
The move also aligns with Dime’s broader strategic growth initiatives following major shifts in the New York banking sector over the past several years.
Dime said the new location is expected to open during the fourth quarter, with additional details regarding timing and available services to be announced in the coming months.
Dime is a New York State-chartered trust company with approximately $15 billion in assets and holds the leading deposit market share on Greater Long Island.
KEY QUOTES:
“Dime, which was founded in Williamsburg in 1864, has always been a key part of the fabric of this vibrant neighborhood. It gives us great satisfaction to expand our presence in Williamsburg.
This new location represents more than just growth for Dime, it reflects our ongoing commitment to relationship banking and our dedication to supporting the businesses and families that drive Brooklyn forward.”
Stuart H. Lubow, President And CEO, Dime Community Bancshares, Inc.
