Dime Community Bancshares Declares Quarterly Cash Dividend

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Thu Apr 17, 2008 2:07pm EDT 

BROOKLYN, N.Y., April 17, 2008 (PRIME NEWSWIRE) -- Dime Community Bancshares,
Inc. (Nasdaq:DCOM) (the "Company"), the parent company of The Dime Savings Bank
of Williamsburgh (the "Bank"), announced that its Board of Directors has
declared a quarterly cash dividend of $0.14 per share, payable on May 15, 2008,
to all stockholders of record as of April 30, 2008. This dividend is the 44th
consecutive quarterly cash dividend paid by the Company.

About Dime Community Bancshares

The Company (Nasdaq:DCOM) had $3.50 billion in consolidated assets as of
December 31, 2007, and is the parent company of the Bank. The Bank was founded
in 1864, is headquartered in Brooklyn, New York, and currently has twenty-one
branches located throughout Brooklyn, Queens, the Bronx and Nassau County, New
York. More information on the Company and Bank can be found on the Bank's
Internet website at www.dimewill.com.

The Dime Community Bancshares, Inc. logo is available at
http://www.primenewswire.com/newsroom/prs/?pkgid=3568

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CONTACT:  Dime Community Bancshares
          Kenneth Ceonzo, Director of Investor Relations
          718-782-6200 ext. 8279
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