Contact Information: Contact: Kenneth Ceonzo Director of Investor Relations 718-782-6200 extension 8279
Dime Community Adds Donald E. Walsh to Its Board of Directors
| Source: Dime Community Bancshares, Inc.
BROOKLYN, NY -- (MARKET WIRE) -- July 26, 2006 -- Dime Community Bancshares, Inc. (NASDAQ : DCOM )
(the "Company"), the parent company of The Dime Savings Bank of
Williamsburgh (the "Bank"), today announced the addition of Donald E. Walsh
to its Board of Directors. Mr. Walsh was additionally added to the Board
of Directors of the Bank.
Mr. Walsh has served as a Director of the Bank's wholly owned subsidiary,
Havemeyer Equities, Inc., since November 2005. He retired in 2005 as one
of three partners in the Office of the Vice Chairman of Audit and Advisory
Services of KPMG LLP ("KPMG"), an auditing and advisory services firm. Mr.
Walsh was a Partner-in-Charge of the Audit Quality Office of KPMG from 2002
through 2005, where he developed and executed the national implementation
of new initiatives in the areas of resource management, client satisfaction
and service pricing. Prior to this responsibility, Mr. Walsh served as
Chief Operating Partner of the Northeast Risk and Advisory Services
practice of KPMG, where he managed the combination of the Information Risk
Management and Advisory Services practices. From 1998 through 2001, Mr.
Walsh served as the first leader of the Northeast Audit Advisory Services
practice of KPMG.
Mr. Walsh is a member of the American Institute of Certified Public
Accountants, the New York State Society of Public Accountants and the
Community Bankers Association of New York. He additionally serves on
several community-based Boards, as a trustee of Iona College and is a past
President of the Iona College Alumni Association.
ABOUT DIME COMMUNITY BANCSHARES
Dime Community Bancshares, Inc., a unitary thrift holding company, is the
parent company of The Dime Savings Bank of Williamsburgh, founded in 1864,
and headquartered in Brooklyn, New York. With $3.12 billion in assets as
of June 30, 2006, the Bank has twenty-one 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.