The ‘Dime Savings Bank Of Williamsburgh’ To Re-Open
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by In more Williamsburgs news, The Dime Savings Bank of Williamsburgh announced today that it has received approval from the New York State Department of Financial Services to open a new branch in the heart of the “new Williamsburg”. The “h” was dropped from the spelling of “Williamsburg” around the time that the bank was incorporated, but today it remains embedded in Dime’s name as it was in the bank’s original charter.
The new branch, located at 214 Bedford Avenue will be a unique 500-square foot banking “community space,” located within the blocks between North 5th and North 8th street the epicenter of Williamsburg activity. It will be designed around several ATMs as a free wi-fi center with charging station and a community bulletin board, among other elements, open to all local residents and visitors.
“Last year, Dime celebrated the 150th anniversary of its founding in Williamsburg in 1864,” said Vincent F. Palagiano, Chairman and Chief Executive Officer of Dime. “We have watched with wonder the revival of this diverse and exciting neighborhood over the past decade. As Williamsburg’s sole homegrown community bank, we are anxious to bring our brand of banking to all those small businesses and residents on the northside that want and appreciate the balance of personal attention and effective technology that Dime provides.”
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Dime expects to have three new locations in Williamsburg within two years, situated along the Bedford/Kent avenue corridors. These new locations are bracketed by two existing Dime branches: the Main Office to the south at 209 Havemeyer Street at the foot of the Williamsburg Bridge, and the Greenpoint Office to the north at 814 Manhattan Avenue.
“Williamsburg is Dime’s namesake community, and we feel a certain sense of pride and ownership about our neighborhood,” continued Mahon.
