Dime Bank Announces Two Additions to Senior Management Team

Two Long-time Local Bankers Promoted to Senior Officers which positively positions Bank for succession and growth. In response to the retirement announcements of two long-term members of the Bank’s management team and the significant growth of the Residential and Commercial departments, Dime Bank is promoting two Vice Presidents, Brian P. McNamara and Anthony (Tony) Joyce, III, to senior officer positions. The changes, effective July 1, will fundamentally provide for a smooth transition of management in the Bank's Residential and Commercial Lending divisions and position the Bank for continued growth. 

After 39 years in banking, of which the last 32 were service to the Dime, Charles O. Treat, Jr., Senior Vice President, Residential Lending, is retiring at the end of June 2012. Chuck has been instrumental in building the residential lending department to its current level.  Additionally, Robert C. Giffen, Senior Vice President, Commercial Lending, will be retiring in June 2013. Bob joined Dime in 1993 and is responsible for leading the Commercial Lending Department. Under their leadership, both departments have grown significantly over the past decade. 

“We are lucky to have the depth of talent and experience within our organization and are thrilled to provide opportunities for these highly qualified and dedicated officers. In addition, we’ve planned for these changes well in advance of the retirement of key members of the management team, which should help make the transition smooth and seamless for our customers and employees” stated Nick Caplanson, President and Chief Executive Officer.

At the heart of the restructure is the formation of two centralized business areas: a consolidated Lending Department and a new Credit Department.

• Leading the newly consolidated Lending Department will be Brian P. McNamara, who has been promoted to Senior Vice President, Chief Lending Officer; with this promotion he joins the senior officer team. Brian was previously the Vice President, Commercial Lending. This department will be responsible for overseeing all loan production and related activities for both residential and commercial loans. Brian will also focus on ensuring compliance with lending practices and policies; participating in business development activities, along with managing customer relationships.

Brian has nearly 23 years of experience in banking. He came to the Dime in 1999 from New London Trust where he was the Vice President, Senior Lending Officer. He also worked as the Asset Manager/Officer at First Federal Bank in New Haven and a commercial lender at New England Savings Bank in New London. Brian currently serves as Secretary on the Board of Directors of Hospice of S.E. CT, Treasurer of Montville Education Foundation, Inc., Corporator of Backus Hospital, current member and former President of the Montville Rotary Club. He earned his Bachelor of Science from the University of Connecticut and is a graduate of the National Graduate School of Banking. He resides in Oakdale with his wife Brenda and their three children.

• Leading the new Credit Administration function will be Anthony (Tony) Joyce, III, who has been promoted to Senior Vice President, Chief Credit Officer – also joining the senior officer team. Tony was previously the Vice President, Commercial Lending. This newly created area will oversee credit review, loan underwriting, processing, servicing and collections, and ensure compliance and quality control.

Tony has nearly 29 years of experience in banking. He came to the Dime in 2010 from Eastern Federal Bank where he served as Senior Vice President, Chief Lending Officer. He also served as a Regional Manager in the Norwich Commercial Real Estate department at People’s Bank and Norwich Savings Society. He currently serves as a Board Member of Backus Hospital, and Norwich Community Development Corporation. He also sits on the Finance Committee of Sts. Peter and Paul Church. He earned his Bachelor of Science from University of Connecticut; MBA from University of New Haven, and is a graduate of the National Graduate School of Banking .Tony resides in Uncasville with his wife Lori and their two daughters.

• Robert C. Giffen will remain Senior Vice President, Senior Loan Officer until his retirement in June 2013, and will be instrumental in overseeing the transition of these new senior officers into their positions and assisting in the continued growth and success of the entire lending team.

Dime Bank’s strength and stability comes from their ability to easily adapt and adjust when necessary.  Creating these two new areas enables the Bank to centralize some key services, work more closely with all its customers across multiple business lines, and continue to position the bank as a leader in community banking.

In additional, Denise Magario and Karen Roman, both residential loan officers, will assume the roles of Senior Residential Loan Officers as part of the succession plan. 

About Dime Bank

Established in 1869, Dime Bank is a mutual bank with over $700 million in assets and 11 convenient branch locations throughout southeastern and shoreline Connecticut and Westerly, Rhode Island. As a full-service financial institution, Dime offers consumer and commercial banking, home mortgages, trust services and through Dime Investment Services (a subsidiary of Dime Bank) - insurance and investments – all delivered with a personal touch. BauerFinancial, Inc., a national bank rating firm, recognized Dime Bank, as one of the strongest banks in the nation. For more information about Dime Bank, visit https://dime-bank.com.