Better Health for All

Dime Community Bank's principal services, while primarily financial, demonstrate a modest positive health impact through targeted lending and community support. The bank provides financial solutions to physicians and medical practices in the New York area.

In 2023, it provided a $28.0 million loan to a non-profit to repurpose a hotel into a homeless shelter, which also provided health and educational services. Community development loans from January 2022 to December 2023 included 19.1% benefiting community services and 51.3% financing affordable housing, both of which can indirectly improve health outcomes. The bank also supports local food pantries, meal programs, and health-related walks and workshops. For employees, it offers medical, dental, vision, prescription, and hospital coverage, along with gym reimbursement. The company's products do not have direct safety implications, health risks, or addiction potential, and it does not engage in clinical trials or hold pharmaceutical patents. While the bank supports various community initiatives, specific quantitative data on the reach to vulnerable populations, the cost-plus pricing of health-related products, or the percentage of R&D/capital allocation for health innovation is not provided.

Fair Money & Economic Opportunity

Dime Community Bancshares, Inc. received an "Outstanding" rating on its Community Reinvestment Act (CRA) exam from the Federal Reserve Bank of New York, which is the highest possible rating.

This rating covers all three components: Lending Test, Investment Test, and Service Test. The company is described as a leader in community development loans, investments, and services.

Fair Pay & Worker Respect

The company's CEO-to-median employee pay ratio was 39:1 in 2024, based on CEO Stuart H. Lubow's total compensation of $3,546,605 and median employee pay of $91,854.

This ratio was 53:1 in 2020. The employee rating, serving as an engagement index, is 66 out of 100, placing the company in the 66th percentile among industry peers. Employee reviews indicate an overall satisfaction rating of 3.2 to 3.3 out of 5 stars, with lower ratings for compensation and benefits (2.6/5), job security and advancement (2.8/5), and senior management (2.6/5). Only 47% of employees would recommend working at the bank. Reviews frequently cite a high turnover rate, employees feeling underpaid, limited growth opportunities, poor work-life balance, and management issues. The company offers a range of benefits including medical, dental, vision, prescription, and hospital coverage, health savings and flexible spending accounts, paid time off, parental leave, tuition reimbursement, a 401k with employer contribution, and an employee stock purchase plan. It also runs a paid 10-week summer internship program, identifies as an equal opportunity employer, and supports affinity groups.

Fair Trade & Ethical Sourcing

Dime Community Bancshares, Inc. operates as a bank and does not procure or trade physical commodities.

Therefore, KPIs related to fair-trade certifications, supply-chain audits, forced/child labor incidents, traceability, remediation speed for sourcing violations, and high-risk material sourcing are not applicable. No evidence was found regarding the percentage of supplier contracts with enforceable ethical-sourcing clauses or the percentage of the procurement budget directed to diverse suppliers.

Honest & Fair Business

No specific, quantitative data points were found in the provided articles to assess DCOM.US against any of the 'Honest & Fair Business' KPIs. The articles mention corporate governance documents and the selection of a sanctions screening tool.

, but they do not provide metrics such as regulatory fine amounts, transparency index scores, details on whistleblower policies, financial restatement numbers, audit coverage percentages, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy strength, or third-party verification extent.

Kind to Animals

Dime Community Bancshares, Inc. is a financial services company, operating as a bank holding company that provides deposit products and various types of loans.

Its core business model does not involve animal-derived products, animal testing, animal husbandry, or direct impact on wildlife habitats. Therefore, all KPIs related to animal welfare, cruelty-free practices, and animal agriculture are not applicable to its operations.

No War, No Weapons

The provided articles, including ESG reports and general company information, do not contain any specific, concrete data points or information relevant to Dime Community Bancshares, Inc.'s involvement in arms manufacturing, military contracts, conflict facilitation, or related peace initiatives.

Therefore, no assessment can be made against the 'No War, No Weapons' ethical value based on the evidence provided.

Planet-Friendly Business

The provided articles do not contain specific, quantitative data points for any of the Planet-Friendly Business KPIs for DCOM.US's own operations. While there is mention of credit extended to businesses in environmental sectors and a reduction in branch footprint, these do not directly map to the defined environmental performance metrics.

Information regarding a partner's (UBS Arena) environmental targets is not applicable to DCOM.US's own performance.

Safe & Smart Tech

Dime Community Bank uses multiple authentication methods, including Organization IDs, User IDs, passwords, challenge questions, and biometric recognition, and implements SCIM Integration for automated user provisioning.

The company demonstrates good vulnerability management through continuous monitoring of its security posture by UpGuard, which analyzes hundreds of individual checks across various risk categories, and by performing daily system and alert monitoring, including vulnerability assessment and security scans. Dime Community Bank maintains physical, electronic, and procedural safeguards that comply with federal, state, and industry requirements. Users have some control over their data, specifically the ability to decline location data collection or adjust device settings, and the company uses a groups feature for customizable access levels. The bank uses encryption technology to secure information passed to it, indicated by browsers displaying a 'lock' or 'key' icon during secure transactions, and its vendor, Bloomfire, met its security protocols. The company provides extensive training sessions for different user roles for its Bloomfire platform and encourages users to create strong passwords and not share login information. Dime Community Bank conducts vendor assessments and security vetting processes. The company collects location data for fraud detection services and recommends only giving out Social Security numbers when absolutely necessary.

Zero Waste & Sustainable Products

The company has implemented several waste reduction initiatives, including reducing its branch footprint by over 18,000 square feet since early 2021, providing recycling bins in all branches and corporate offices, and partnering with vendors for waste and recycling separation.

It also works with a local company to repurpose used IT equipment, tracks paper usage via centralized print servers, and has incorporated digital signatures in various departments. For hazardous waste, the company focuses on responsible disposal of electronic waste. The company has had no waste disposal violations in the past three years. For customers, the company educates them on enrolling in eStatements to reduce paper waste and sponsors 12 community recycling events that include e-waste, prescription drug, and paper shredding disposal, with a $4,000 donation.