Dime Community Bancshares Schedules Earnings Conference Call


BROOKLYN, NY -- (MARKET WIRE) -- January 10, 2006 -- Dime Community Bancshares, Inc. (NASDAQ: DCOM), the parent company of The Dime Savings Bank of Williamsburgh, today announced that management will conduct a conference call at 10:00 A.M. Eastern Time, on Friday, January 27, 2006, to discuss DCOM's operating performance for the quarterly period and fiscal year ended December 31, 2005.

Management currently anticipates releasing the Company's earnings for the quarterly period and fiscal year ended December 31, 2005 prior to the opening of the U.S. equity markets on Friday, January 27, 2006.

The direct dial number for the call is 800-540-0559. For those unable to participate in the conference call, a replay will be available. To access the replay, dial 800-925-9346 from one hour after the end of the call until midnight Eastern Time on Friday, February 3, 2006.

The conference call will also be available via the Internet by accessing the following Web address: www.dimedirect.com or www.vcall.com. Web users should go to the site at least fifteen minutes prior to the call to register, download and install any necessary audio software. The webcast will be available until February 27, 2006.

About Dime Community Bancshares

Dime Community Bancshares, Inc., a unitary thrift holding company, is the parent company of The Dime Savings Bank of Williamsburgh, Brooklyn, New York, founded in 1864. With $3.23 billion in assets as of September 30, 2005, the Bank has twenty branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and Bank can be found on the Bank's Internet website at www.dimedirect.com.

Contact Information: Contact: Kenneth J. Mahon Executive VP and Chief Financial Officer 718-782-6200 extension 8265 Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279

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