Contact Information: Contact: Kenneth J. Mahon Executive VP and Chief Financial Officer 718-782-6200 extension 8265 Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279
Dime Community Adds Joseph J. Perry to Its Board of Directors
| Source: Dime Community Bancshares, Inc.
BROOKLYN, NY -- (MARKET WIRE) -- September 15, 2005 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM )
(the "Company"), the parent company of The Dime Savings Bank of
Williamsburgh (the "Bank"), today announced the addition of Joseph J. Perry
to its Board of Directors. Mr. Perry was additionally added to the Board
of Directors of the Dime Savings Bank of Williamsburgh.
Mr. Perry has served as a Director of the Bank's wholly owned subsidiary,
Havemeyer Equities, Inc., since January 2004. 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. During his
professional career, Mr. Perry has regularly presented seminars on relevant
tax issues to community-based savings bank and financial services
organizations.
Vincent F. Palagiano, Chairman of the Board and Chief Executive Officer of
both the Bank and Company, stated, "We are very pleased and excited to add
Mr. Perry to our Board. He brings both a vast array of financial knowledge
and significant level of experience with banks and financial institutions.
In addition, his involvement in various organizations throughout our local
trade community makes him an ideal selection to serve on the Board of our
community-based financial institution."
Mr. Perry is a member of the American Institute of Certified Public
Accountants, the New York State Society of Public Accountants and the
Community Bankers Association of New York. He has additionally served on
several community-based Boards, and, during the 1990's, was both an officer
of the Queens County Group of Savings Organizations and a member of the
advisory board to Suffolk Community College.
Mr. Perry has a Bachelor of Science degree in accountancy from Long Island
University at C.W. Post.
ABOUT DIME COMMUNITY BANCSHARES
Dime Community Bancshares, Inc., a unitary thrift holding company, is the
parent company of The Dime Savings Bank of Williamsburgh, Brooklyn, New
York, founded in 1864. With $3.27 billion in assets as of June 30, 2005,
the Bank has twenty branches located throughout Brooklyn, Queens, the Bronx
and Nassau County, New York. More information on the Company and Bank can
be found on the Bank's Internet website at www.dimedirect.com.