Dime Hires Michael Ragusa Jr for Lakewood Expansion, Plans Full-Service Branch at 500 Boulevard of the Americas
Dime appointed Michael J. Ragusa Jr as First Vice President to lead its Lakewood, New Jersey commercial and high-net-worth banking efforts. The move coincides with development of a full-service branch at 500 Boulevard of the Americas as part of its de novo growth initiative in the rapidly expanding Lakewood market.
1. Appointment of Michael J. Ragusa Jr
Dime appointed Michael J. Ragusa Jr as First Vice President for its Lakewood expansion efforts. He will deliver customized banking solutions to businesses and high-net-worth clients, leveraging his deep local relationships to strengthen Dime’s private and commercial banking platform in the community.
2. Development of Full-Service Lakewood Branch
The bank is constructing a full-service branch at 500 Boulevard of the Americas, marking its entry into Lakewood under a de novo growth strategy. This site aims to meet rising deposit and lending demands in a rapidly expanding New Jersey market.
3. Dime's Asset Base and Market Leadership
Dime operates with approximately $15 billion in assets and holds the leading deposit market share among community banks under $20 billion in Greater Long Island. This financial footing supports its expansion initiatives and enhances its competitive position as it enters Lakewood.