Business

Dime Savings Bank continues 150th anniversary celebration

September 23, 2014 Heather Chin

Celebrating Dime Savings Bank’s 150th anniversary were Ken Mahon, Dime COO; Carmen Calderone; Marie Giaimo; Joseph Kiefer; Vincent Palagiano, Dime chairperson; Catherine Murray and Mike Devine, Dime president.

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The largest bank based in Brooklyn, Dime Savings Bank continues to celebrate its 150^thanniversary with a series of events commemorating the milestone, the latest of which was a Depositor Recognition Day on Monday, September 15 at the century-old Dime headquarters in Williamsburg at 209 Havemeyer Street.

“Few companies are 150 years old and have been a community rock as Dime has,” said Larry Kinitsky, senior vice president of marketing. “The involvement of our depositors shows how committed we are to the communities we serve.”

The event recognized several long-time depositors such as Joe, a Dime client for 44 years, and Carmen Calderone, a depositor for over 40 years.

Depositors were also given gifts and celebrated at a luncheon hosted by Dime executives including Chairperson/CEO Vincent Palagiano.

Palagiano credited prudent management, conservative investing, investing locally and fair treatment of employees – including a stock option plan – as major factors in their growth and low turnover over the years. Approximately 95 percent of business is in the area of local branches, which now number 25.

To all our customers, in all of our neighborhoods, we look forward to continuing to provide some of the best modern services and interest rates available, and to keep the “community savings bank” spirit alive deep into the 21st century, said Ken Mahon, Dime COO.