HAUPPAUGE, NY, October 01, 2021 (GLOBE NEWSWIRE) – Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company” or “Dime”), is pleased to announce that Christopher Porzelt has been appointed Vice President Executive President (“EVP”) and Chief Risk Officer of the Company and Dime Community Bank (the “Bank”), the wholly owned subsidiary of the Company, having served as Executive Vice President and Chief interim risk management since June 2021.
Mr. Porzelt, who will report to Dime CEO Kevin M. O’Connor, will be responsible for further developing the enterprise risk management function to effectively manage risk across the business. organization and integrate risk management into corporate strategy. “We are delighted to have Chris formally as the head of our risk department,” said O’Connor. “His knowledge and experience are invaluable, and we expect Chris to refine and strengthen Dime’s robust approach to enterprise risk management. “
Prior to the finalization of the 50/50 merger of the company, Mr. Porzelt served as Risk Director of the former Dime Community bank. Upon completion of the merger, Mr. Porzelt was appointed Executive Vice President and Deputy Director of Risk Management for the Company and the Bank. Mr. Porzelt holds a Bachelor of Science in Accounting from St. John’s University and is a Chartered Accountant.
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company of Dime Community Bank, a New York State chartered trust company with more than $ 12.7 billion in assets and the leading deposit market share among Grand Long Island community banks. (1).
Dime Community Bancshares, Inc.
Investor Relations Contact:
Senior Executive Vice President – Chief Financial Officer
Telephone: 718-782-6200; Ext. 5909
Email: [email protected]
¹ Overall deposit market share for Kings, Queens, Nassau and Suffolk counties for community banks with less than $ 20 billion in assets.