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Dime Community Bancshares, Inc.: Dime Community Announces the Death of Its Outside Director Donald E. Walsh

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  Published in Business and Finance on Tuesday, December 2nd 2008 at 16:18 GMT by Market Wire
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BROOKLYN, NY--(Marketwire - December 2, 2008) - Dime Community Bancshares, Inc. (NASDAQ: [ DCOM ]) (the "Company"), the parent company of The Dime Savings Bank of Williamsburgh (the "Bank"), today announced the death of Donald E. Walsh, an outside Director of both the Company and Bank. Mr. Walsh served as a Director of both the Company and Bank since July 2006, and as a Director of the Bank's wholly-owned subsidiary, Havemeyer Equities, Inc., from November 2005 through June 2006.

Vincent F. Palagiano, Chairman of the Board and Chief Executive Officer of the Company and Bank stated, "Our Boards are deeply saddened by the untimely passing of our friend and colleague, Donald Walsh. During his service as a Director, Donald was a true professional and a great asset to our Board. All of us, including the management and staff of the Company and Bank, extend our condolences to his family."

Mr. Walsh, age 63 at the time of his passing, is survived by two children.

Prior to joining the Company and Bank Boards, Mr. Walsh served as one of three partners in the Office of the Vice Chairman of Audit and Advisory Services of KPMG LLP ("KPMG"), and served as a Partner-in-Charge of the Audit Quality Office of KPMG from 2002 through his retirement in 2005. Mr. Walsh was 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, and served on several community-based Boards, as a trustee of Iona College and as a past President of the Iona College Alumni Association.

ABOUT DIME COMMUNITY BANCSHARES

The Company (NASDAQ: [ DCOM ]) had $3.83 billion in consolidated assets as of September 30, 2008, and is the parent company of the Bank. The Bank was founded in 1864, is headquartered in Brooklyn, New York, and currently has twenty-two 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.dimewill.com ].