HAUPPAUGE, N.Y., Sept. 21, 2022 (GLOBE NEWSWIRE) — Dime Neighborhood Bancshares, Inc. (NASDAQ: DCOM) (the “Firm” or “Dime”), the dad or mum firm of Dime Neighborhood Financial institution (the “Financial institution”) introduced the appointment of today techs Paul M. Aguggia to the Board of Administrators efficient today techs as of September 21, 2022. Mr. Aguggia will fill the place vacated by the retirement of Vincent F. Palagiano.
Kenneth J. Mahon, Government Chairman of Dime, mentioned “Paul’s expertise as director and govt of a publicly traded financial institution and his present function as a company providers legal professional and Companion at a number one legislation agency give him vital perception right into a broad array of company governance, regulatory and strategic points. He’s very acquainted with our establishment already and we look ahead today techs to having him be part of our Board.”
Kevin O’ Connor, Chief Government Officer of Dime, commented “We’re happy to welcome Paul to Dime. His background in today techs neighborhood banking and his eager authorized perception can be invaluable to our Board as we proceed to develop the premier neighborhood industrial financial institution on Better Lengthy Island.”
Mr. Aguggia is at the moment a company providers legal professional and Companion at Holland & Knight LLP and works out of the agency’s Washington, D.C. and New York workplaces. Mr. Aguggia beforehand served because the Chairman of the Board of Administrators, President and Chief Government Officer of Clifton Bancorp Inc. from January 2014 till its merger with Kearny Monetary Corp., for which he served on the Board of Administrators till October 2018. Mr. Aguggia additionally was a member of the Board of Administrators of Sq. 1 Financial institution, a monetary establishment serving entrepreneurs and the enterprise capital neighborhood. Mr. Aguggia beforehand served as Chairman of a world legislation agency. Mr. Aguggia holds a bachelor’s diploma from Colgate College today techs and accomplished his J.D. from Duke College College of Legislation.
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Neighborhood Bancshares, Inc. is the holding firm for Dime Neighborhood Financial institution, a New York State-chartered belief firm with over $12.3 billion in property and the primary deposit market share amongst neighborhood banks on Better Lengthy Island (1).
(1) Combination deposit market share for Kings, Queens, Nassau & Suffolk counties for neighborhood banks with lower than $20 billion in property.