Dime Community Bancshares in Hauppauge, N.Y., has formed a health care banking division.
The $13.8 billion-asset company said in a press release that it had hired Daniel Csillag as group head of the newly formed group. He is responsible for building out the health care commercial banking business in the long-term care space.
Csillag previously served as group head of health care at Bank Leumi, which was acquired by Valley National Bank.
The hire “is the next logical step in the buildout of our middle market commercial lending business,” Stuart Lubow, Dime’s president and CEO, said in the release.
“Adding a health care vertical is consistent with our strategic goal of increasing the contribution of business loans … to our balance sheet,” Lubow added. “His expertise in all aspects of the long-term care industry, including skilled nursing, rehabilitation, assisted living, independent living and memory care … will be key assets to Dime.”