Dime Savings Bank and New York Community Bank Partner With HPD to Present a Free Seminar for NYC Multifamily Owners

BROOKLYN, NY--(Marketwired - February 19, 2016) - Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the "Company"), the parent company of The Dime Savings Banks of Williamsburgh ("Dime"), is pleased to announce that Dime and New York Community Bank have partnered with the NYC Department of Housing Preservation & Development (HPD) to present a free seminar to help inform and empower NYC multifamily owners about available government financing, tax benefits and code violation removal. The seminar will be held Thursday, February 25^th at Giando On The Water (400 Kent Avenue, Brooklyn, NY 11211) from 9:00 a.m. to 10:30 a.m. (registration begins at 8:30 a.m.).

"As two of the top commercial real estate and multifamily lenders in the New York City area, Dime and New York Community Bank want to help our customers and neighbors stay informed about the NYC programs and assistance available to help them be successful landlords," said Daniel J. Harris, Executive Vice President & Chief Lending Officer at Dime.

The seminar, which will be presented by the NYC Department of Housing Preservation & Development, will focus on what City-sponsored landlord financial assistance programs are available and how they can benefit landlords of multifamily buildings. Additionally, the seminar will help inform landlords about more efficient ways to reduce outstanding HPD violations. Participating in the seminar from HPD will be Kimberly Darga, Assistant Commissioner of Preservation Finance, and Ann Marie Mierez, Assistant Commissioner of the Division of Neighborhood Preservation.

Individuals interested in attending the seminar should email Patricia Strong at pstrong@dime.com or contact Pam Glaser, Director of Community Outreach and Education at glaserp@hpd.nyc.gov.

About Dime Community Bancshares, Inc. and The Dime Savings Bank of Williamsburgh
The Company (NASDAQ: DCOM) had $5.03 billion in consolidated assets as of December 31, 2015, and is the parent company of Dime. The Dime Savings Bank of Williamsburgh 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 Dime's Internet website at www.dime.com.

About The New York City Department of Housing Preservation and Development (HPD):
HPD is the nation's largest municipal housing preservation and development agency. Its mission is to promote quality housing and viable neighborhoods for New Yorkers through education, outreach, loan and development programs, and enforcement of housing quality standards. HPD is tasked with fulfilling Mayor de Blasio's Housing New York: A Five-Borough Ten-Year Plan to build and preserve 200,000 affordable units for New Yorkers at the very lowest incomes to those in the middle class. For more information visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us via www.facebook.com/nychpd and www.twitter.com/nychousing.

About New York Community Bancorp, Inc.
New York Community Bancorp, Inc. is a leading producer of multi‐family loans on rent‐regulated buildings in New York City and the parent of New York Community Bank and New York Commercial Bank. Reflecting its growth through a series of acquisitions, the Community Bank currently operates through seven local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, and Roosevelt Savings Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. Additional information about the Company and its bank subsidiaries is available at www.myNYCB.com.