Dime Community to Participate in the CL King Best Ideas Conference


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, announced today that it will participate in the CL King Best Ideas Conference, to be held on September 20, 2005, at the Omni Berkshire Place Hotel in New York City. The conference begins with registration at 7:00 a.m. You may register for the conference and request a one-on-one meeting with the Company online at: http://www.twstevent.com/clking.html.

The Company's financial presentation is scheduled to begin at 3:25 p.m. Eastern Time and run approximately 30 minutes. Vincent F. Palagiano, Chairman of the Board and Chief Executive Officer, will be presenting for the Company.

To access a live webcast of the presentation, please visit the following website address: http://www.wsw.com/webcast/clk2/dcom/. The live webcast of the presentation can also be accessed at the Company's Investor Relations website location at www.dimedirect.com.

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.

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