Dime Community Bank

Overview / Commentary
898 Veterans Memorial Hwy
Hauppauge, NY 11788

Dime Community Bank (Dime) is a New York State-chartered trust company with over $12.7 billion in assets and number one deposit market share among community banks on Greater Long Island(1).
On February 1, 2021 Dime merged with BNB Bank uniting two iconic New York Community banks and creating the premier community-based business bank in our region.

Headquartered in Hauppauge, New York. The Bank has over 60 convenient branch locations spanning from Montauk to Manhattan and a long history of helping businesses and consumers in the communities we serve.

Dime is committed to providing exceptional service, the latest in technology and an experienced, dedicated team to help customers achieve their financial goals. The Bank offers a full range of products and services for businesses, consumers and municipalities. Dime’s rich tradition of involvement in the community includes supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts.

In addition, through its subsidiaries, Bridge Abstract and Dime Financial Services, Dime also offers title insurance services, financial planning and investment consultation.

¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks less than $20 billion in assets.

Related Posts

View all posts from:

Pleasantly surprised

A few months a ago I was looking around for a decent APY that is not negative or zero after inflation for a 5 year CD for my son, lo and behold I have came across The Dime Community Bank. I decided to invest with them. Currently I have a decent APY, which is a bit low but since I'm thinking of the future and not spending, it was an okay deal. I was pleased with the service they provided and my hope is that the market price doesn't change too much within the next couple of years. I would recommend people to check them out if they are looking to save money that they have lying around. Great bank!

No Beneficiaries On Checking Accounts?

Posted by: |

I was told that there is no option to add POD beneficiaries on checking accounts. This makes no sense to me, why would a bank want to incur costs of dealing with probate courts when it is so easy to avoid it?

Clumsy Customer Service

Posted by: |

In opening an online money market account with Dime Savings Bank there was a glitch in initially funding it. The savings account with the external bank was described as (yes) a savings account when according to that bank (SFGI Direct) it should've been labeled as a checking account. Because of this issue the transfer of funds fell through. However I only learned that there was a problem when my account access was blocked. I phoned customer service who routed me to the department responsible for account openings. They told me that my account had been flagged, my access denied, and any activity prohibited. I called the other bank to find out what happened and they explained the reason. I then shared this information with Dime Savings. The transfer went through a few days later and the flag lifted. The only notice though Dime Savings gave alerting me to this issue was a message in my account inbox - which I was blocked from accessing. An email or phone call would've been the most effective means to let me know. On the positive side phoning customer service hasn't meant a long wait to speak with someone.

Nothing Could Be WORSE!

Posted by: |

It is true! It is NOT A BANK! NOTHING COULD BE WORSE- RUN AWAY BEFORE HARD-MADE MONEY GONE FROM YOUR ACCOUNT AND YOUR REPUTATION IS DESTROYED! Customers are not any value here! The online banking is a joke - transactions set up to have horrible mistake on expense of the customers. It is NOBODY TO COMPLAIN!!! SIMPLE RUTINE verifications may take 20 minutes and expose your entire life! This "bank" clearly knows how to mistreat vulnerable, disabled and elderly customers by enforcing "learned helplessness," disregarding your rights and destroying your ability to pay bills. Becoming this "bank" "customer-victim" may cause you psychological and than physical trauma and serious financial problems. I wish I never came to such merciless hands! . Real Bank must have ethics, be honest, helpful and reasonable, reliable and of course NOT TO TAKE ADVANTIGE OF YOU! It is sarcastic joke that it is "COMMUNITY" "BANK" - nothing about community or quality of bank you will find here! They will destroy you so easily and as much as they can if you naively trust them your money and your life!



Health Grade Components

FDIC Certificate #6976
Year Established1909
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD10.71%
Annual Interest Income$93.9MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$12.07B$13.01B
LoansQ1 2022vs Q1 2021$9.19B$10.43B
DepositsQ1 2022vs Q1 2021$10.44B$10.92B
Equity CapitalQ1 2022vs Q1 2021$1.34B$1.26B
Loan Loss AllowanceQ1 2022vs Q1 2021$79.6MM$98.2MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$51.4MM$54.3MM
Real Estate OwnedQ1 2022vs Q1 2021$0$0

Sorry, we do not have rate data for Dime Community Bank.



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.