Dime Community Bancshares, Inc. (NASDAQ: DCOM) has appointed Dan Fosina as Senior Vice President and Group Leader to spearhead the bank’s middle‑market commercial banking expansion across New Jersey. Fosina will oversee the development of new client relationships and the growth of deposit and loan portfolios in the state’s key business corridors.
Fosina brings more than 15 years of experience in commercial banking, having led corporate banking teams at KeyCorp and served as Market President at Valley Bank. His track record of building high‑quality client portfolios and managing regional teams aligns with Dime’s relationship‑based approach to commercial banking.
The hire comes as Dime continues to execute a growth plan that includes a new Lakewood, New Jersey branch slated to open in early 2026. The bank’s deposit market share on Greater Long Island is the largest among community banks, and its assets exceed $14 billion. The New Jersey expansion is intended to diversify revenue streams and capture new deposit and loan opportunities in a high‑growth market.
Dime’s most recent quarterly results provide context for the strategic move. In Q3 2025, the company reported revenue of $115.61 million, beating the consensus estimate of $112.91 million by $2.70 million, driven by strong demand in core commercial segments. Earnings per share were $0.59, missing the consensus estimate of $0.69 by $0.10, a shortfall that analysts attribute to higher interest expense and modest cost inflation. The Q3 2025 revenue beat follows a Q3 2024 revenue of $76.0 million and an EPS of $0.29, indicating a significant year‑over‑year revenue acceleration but a continued challenge in earnings growth.
Stuart H. Lubow, President and CEO, said the New Jersey expansion “is a key strategic market for Dime, and Dan’s appointment demonstrates our commitment to growing our commercial banking business in the state.” Tom Geisel, Chief Commercial Officer, added that Fosina’s experience “aligns perfectly with our relationship‑based model and will accelerate our market penetration.”
Analysts have issued a mixed reaction to the earnings, noting the revenue beat but EPS miss. The market is watching how the new leadership will translate the financial momentum into sustained deposit and loan growth in New Jersey and beyond.
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