Dime Community Bank to Host Ribbon Cutting at New Corporate Headquarters

BROOKLYN, N.Y., April 21, 2017 -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “bank”) announced today that the bank is hosting a ribbon cutting for its new corporate headquarters at One Pierrepont Plaza in Brooklyn, New York on Thursday, April 27^th, 2017 at 11:30am. Eric L. Adams, Brooklyn Borough President, and other distinguished guests will be on hand to celebrate not only the new headquarters, but also Dime’s long-standing commitment to Brooklyn.

Kenneth J. Mahon, President and Chief Executive Officer of Dime, stated, "We are excited to showcase our new corporate headquarters and reaffirm our commitment to our hometown of Brooklyn, New York. Dime has been in Brooklyn since 1864, and our decision to relocate from Williamsburg to Brooklyn Heights allows us to maintain our link to this vibrant growing city, keep 145 jobs in the borough, and maintain our standing as the largest bank headquartered in Brooklyn."

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.01 billion in consolidated assets as of December 31, 2016, and is the parent company of the bank. The bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-seven branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New York. More information on the Company and the bank can be found on Dime's website at www.dime.com.

Contact: Anthony Rose, Executive Vice President and Director of Investor Relations. 718-782-6200 extension 5260