Dime Announces Multiyear Title Sponsorship of Williamsburg 5K Run

BROOKLYN, NY--(Marketwired - April 20, 2016) - The Dime Savings Bank of Williamsburgh ("Dime") announced today it has made a multiyear commitment to serve as the Title Sponsor of the Dime McCarren 5K Run/Walk for Youth, which benefits local children in North Brooklyn through the St. Nicks Alliance. Produced by New York City Runs Inc. ("NYCRUNS") since inception in 2012, the McCarren 5K has grown into one of the most popular road races in Brooklyn, attracting over 700 participants, and benefitting St. Nicks Alliance. This year's Dime McCarren 5K road race event will take place on Saturday, May 7, 2016 at 9:00am.

"We welcome Dime as our Title Sponsor and are happy to work with them on this great event," said Jose Leon, St. Nicks Alliance Deputy Executive Director. "Dime's commitment will help us to continue providing critical educational services to those in need in North Brooklyn and ensure all children succeed in school."

"Given Dime's long standing commitment to the Williamsburg/North Brooklyn area, we are proud to partner with St. Nicks Alliance and NYCRUNS to ensure the continued success and growth of this popular event, which will help transform the lives of so many individuals in this area," said Kenneth J. Mahon, Dime President & Chief Operating Officer. "As we continue to expand our business and banking services in Williamsburg and North Brooklyn, opening a mini-branch on Bedford Avenue and a full-service branch on Kent Avenue, we see the Dime McCarren 5K as a great opportunity to support our neighboring communities and to begin promoting our upcoming new branches."

"Dime is a well-known and respected community bank in the North Brooklyn area," said Steve Lastoe, NYCRUNS President. "We are excited to have them as a partner and look forward to expanding this road race event over the next few years."

For more information about the Dime McCarren 5K, visit nycruns.com/dm5k.

ABOUT THE DIME SAVINGS BANK OF WILLIAMSBURGH

The Dime Savings Bank of Williamsburgh, founded in 1864, is headquartered in the Williamsburg area of Brooklyn, New York and is a wholly-owned subsidiary of Dime Community Bancshares, Inc. (NASDAQ: DCOM), a publicly-owned company. Dime has 25 branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. For more information, go to www.dime.com.

ABOUT ST. NICKS ALLIANCE

St. Nicks Alliance is a nonprofit, non-sectarian community development organization celebrating 40 years of community development in North Brooklyn. St. Nicks Alliance seeks to build community, transforming lives, children and people through education, housing, workforce development and elder care. We do this by delivering impactful services with measurable outcomes. As a civic anchor we carry out this mission within the context of building a sustainable community for all people through the arts, environmental advocacy, and urban planning.

To learn more about St. Nicks Alliance and SSA, visit www.stnicksalliance.org and www.schoolsettlement.org. 100% of monies raised will be used for direct program expenses to support children and educational services.

ABOUT NYCRUNS

NYCRUNS is the largest running event management company in the New York Metropolitan Area, producing over 30 events of their own including the Brooklyn & Central Park Marathons, and providing the technical backbone for dozens of others. NYCRUNS clients include The Empire State Building Realty Trust, Google, The New York Jets, New York University, Columbia University, Weill Cornell, The United States Military Academy at West Point, The Brooklyn Cyclones, and many other world class organizations.