Dime Community Bancshares in Hauppauge, N.Y., has lined up its next CEO.
The $3.8 billion-asset company said in a press release that Stuart Lubow will succeed Kevin O’Connor on Aug. 31. Lubow has been Dime’s president and chief operating officer.
O’Connor will remain on the board until Dec. 31. Lubow will join the board.
O’Connor has been CEO since the 2021 merger of Dime and Bridge Bancorp, where he was president and CEO.
“Under Kevin’s leadership, we successfully completed a transformational merger,” Kenneth Mahon, Dine’s executive chairman, said in the release.
“The appointment of Stu as CEO has been under consideration since the beginning of the year and is the culmination of a thoughtful and well-planned succession process,” Mahon added. “Recently, he was instrumental in the hiring and onboarding of seven deposit-focused groups that are already contributing to significant customer growth.”