Dime Community Bancshares Inc

Dime Community Bancshares Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services The company accepts time savings and demand deposits from the businesses consumers and local municipalities It also offers commercial real estate loans multifamily mortgage loans residential mortgage loans letters of credit secured and unsecured commercial and consumer loans lines of credit home equity loans and construction and land loans In addition the company invests in Federal Home Loan Bank Federal National Mortgage Association Government National Mortgage Association and Federal Home Loan Mortgage Corporation mortgagebacked securities collateralized mortgage obligations and other asset backed securities US Treasury securities New York state and local municipal obligations US governmentsponsored enterprise securities and corporate bonds Further it offers certificate of deposit account registry services and insured cash sweep programs federal deposit insurance corporation insurance merchant credit and debit card processing automated teller machines cash management services lockbox processing online banking services remote deposit capture safe deposit boxes and individual retirement accounts investment products and services through a thirdparty broker dealer and title insurance broker services for small and medium sized businesses and municipal and consumer relationships The company was founded in 1910 and is headquartered in Hauppauge New York