Ability to serve small businesses continues the expansion of the Business Banking division

BROOKLYN, N.Y., Aug. 10, 2017 (GLOBE NEWSWIRE) -- Kenneth J. Mahon, President and Chief Executive Officer of Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ:DCOM), the parent company of Dime Community Bank (the “bank”), is pleased to announce today that the bank has been approved as a Small Business Administration ("SBA") lender. The bank will offer loans under the SBA 7(a) program, which will offer small businesses additional resources for their borrowing needs.

According to Mr. Mahon, "the launch of our SBA lending program continues the expansion of our Business Banking division and allows us to develop new relationships with local small businesses. We recognize that small businesses and entrepreneurs are important to the economic vibrancy of the communities we serve and we look forward to supporting them grow and succeed."

ABOUT DIME COMMUNITY BANCSHARES, INC.

The Company had $6.26 billion in consolidated assets as of June 30, 2017, 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

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