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
5/30 - Dime 15 Mo CD Now 2.25% APY
4/21 - Dime Boosts 4-Year CD Rate
3/23 - Dime Community Bank Is Featuring Great Rates On Their Platinum Money Market Account And 15-Month CD.
1/18 - 2-Year CD, 2.10% APY
1/12 - Dime Direct Raises MMA To 1.35% APY
9/29 - Dime Community Bank Is Running Free Checking Account Promotion.
8/11/16 - Safe Place To Keep Your Money
8/18/15 - Dime Direct Money Market Now Available Nationwide
8/14/15 - Dime Savings Bank MMA
7/2/15 - Dime Savings Bank 1.01% APY Money Market Guaranteed For One Year
1/3/14 - Special 5-Year CD Rate at Dime Savings Bank in New York
1/23/13 - Special IRA CD Rates at Dime Savings Bank in New York
7/12/12 - $50 Checking Account Bonus At Dime Savings Bank
3/1/12 - IRA CD Specials at Dime Savings Bank in New York - Available Nationwide
7/16/11 - Money Market Account Special at Dime Savings Bank in New York
7/15/11 - Issues and Tips on Closing CDs at Dime Savings Bank & Other Banks
3/21/11 - End Of DIME 15-Month IRA At 2.5%
12/30/10 - Special 10-Month CD at Dime Savings Bank in New York - Available Nationwide
10/26/10 - 3% 7-Year CD At Dime Bank In New York City BUT Big EWP
1/13/10 - 2.50% 9-Month CD at Dime Savings Bank in New York
9/18/09 - $300 Checking Account Bonus at Dime Bank in New York
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?
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
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!
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!
Data as of Q1 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 6976 |
| Year Established | 1909 |
| Employees | 794 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 10.71% |
| Annual Interest Income | $93.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2022vs Q1 2021 | $12.07B$13.01B |
| Loans | Q1 2022vs Q1 2021 | $9.19B$10.43B |
| Deposits | Q1 2022vs Q1 2021 | $10.44B$10.92B |
| Equity Capital | Q1 2022vs Q1 2021 | $1.34B$1.26B |
| Loan Loss Allowance | Q1 2022vs Q1 2021 | $79.6MM$98.2MM |
| Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $51.4MM$54.3MM |
| Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
