Dime Hires Timothy Lenhoff as Executive Vice President and Chief Technology Officer

BROOKLYN, NY--(Marketwired - December 02, 2014) - The Dime Savings Bank of Williamsburgh (the "Bank" or "Dime"), subsidiary of Dime Community Bancshares, Inc., (NASDAQ: DCOM), announced that Timothy Lenhoff has joined the Bank as Executive Vice President and Chief Technology Officer.

Mr. Lenhoff is well known in banking and technology circles, having worked for many years for core processors, BISYS and Open Solutions, before moving to the client side with an institution in New Jersey. Tim will oversee the management, planning, implementation, infrastructure and network security protocol for all information technology utilized by the Bank, including the negotiation of any related contracts with third party information technology providers. Tim will lead a strong core team of technology professionals at Dime.

Kenneth J. Mahon, Senior Executive Vice President and Chief Operating Officer, stated, "A seasoned technology and management professional, Tim brings over 30 years of banking technology and industry experience to a position in which he will be executing the technology vision to match the Bank's business direction and strategic plans. We are pleased to have him join us."

ABOUT DIME COMMUNITY BANCSHARES
The Company (NASDAQ: DCOM) had $4.38 billion in consolidated assets as of September 30, 2014, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-five branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Dime can be found on the Dime's Internet website at www.dime.com.