{"id":957505,"date":"2026-05-04T08:06:27","date_gmt":"2026-05-04T12:06:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-launches-equipment-franchise-finance-group\/"},"modified":"2026-05-04T08:06:27","modified_gmt":"2026-05-04T12:06:27","slug":"dime-launches-equipment-franchise-finance-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dime-launches-equipment-franchise-finance-group\/","title":{"rendered":"Dime Launches Equipment &amp; Franchise Finance Group"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HAUPPAUGE, N.Y., May  04, 2026  (GLOBE NEWSWIRE) &#8212; Dime today announced the formation of its Equipment &amp; Franchise Finance Group, a new vertical focused on delivering customized financing solutions to middle market companies and experienced franchise operators.<\/p>\n<p align=\"justify\">The launch of the Equipment &amp; Franchise Finance Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion.<\/p>\n<p align=\"justify\">The group will be led by Keith Smith, who joins Dime as Senior Vice President, Head of Equipment and Franchise Finance. Mr. Smith brings decades of industry experience, most recently serving as President and Partner of Star Hill Financial, where he led a platform specializing in originating bank-eligible assets.<\/p>\n<p align=\"justify\">Dime\u2019s Equipment &amp; Franchise Finance Group will focus on:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Middle market and large ticket equipment financing, particularly for essential-use assets across industries such as waste management, construction, medical, commercial and specialty vehicles, and material handling<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Franchise finance, with an emphasis on established, multi-unit operators in the quick-service restaurant sector<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Structuring flexible capital solutions tailored to asset-based lending<\/li>\n<\/ul>\n<p align=\"justify\">\u201cLaunching this new specialty reflects our continued commitment to disciplined and diversified growth,&#8221; said Stuart H. Lubow, President and Chief Executive Officer of Dime. \u201cWe see a significant opportunity to support clients with essential equipment needs and to partner with high-quality franchise operators. Keith\u2019s track record of building and scaling platforms and his familiarity with our existing team and operations makes him the ideal leader for this new vertical.\u201d<\/p>\n<p align=\"justify\">Prior to Star Hill, Mr. Smith worked alongside Thomas X. Geisel (Chief Commercial Officer of Dime) at Sterling National Bank, where he was President of Equipment and Franchise Finance and helped build a platform exceeding $2 billion in assets.<\/p>\n<p align=\"justify\">\u201cI am excited to join Dime and build a differentiated platform focused on essential-use equipment and top-tier franchise operators,\u201d said Mr. Smith. \u201cThere is strong demand in the middle market for commercial banks who can combine structuring expertise with speed and certainty of execution. Dime\u2019s relationship-oriented and client-first culture resembles that of Star Hill, and Sterling National Bank. I look forward to working with Tom and the rest of the team to advance Dime&#8217;s mission of growing the best commercial bank in Metro NY.&#8221;<\/p>\n<p align=\"justify\">Joining Keith Smith will be the following individuals:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt;text-align:justify\">Chris Wellbrock, Vice President, Portfolio Manager &amp; Senior Underwriter<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Zerka Gul, Vice President, Operations &amp; Closing Manager<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Lori Rainbolt, Vice President, Senior Underwriter<\/li>\n<li style=\"margin-bottom:6pt;text-align:justify\">Emily Moreno, Senior Closer<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>ABOUT DIME<\/strong>\n      <\/p>\n<p align=\"justify\">Dime is a New York State-charted trust company with approximately $15 billion in assets and the number one deposit market share on Greater Long Island <sup>(1)<\/sup>.<\/p>\n<p align=\"justify\">Investor Relations Contact:<br \/>Avinash Reddy<br \/>Senior Executive Vice President \u2013 Chief Operating Officer and Chief Financial Officer<br \/>Phone: 718-782-6200; Ext. 5909<br \/>Email:\u00a0<a href=\"mailto:avinash.reddy@dime.com\" rel=\"nofollow\" target=\"_blank\">avinash.reddy@dime.com<\/a><\/p>\n<p align=\"justify\">\u00a0\u00b9 Aggregate deposit market share for Kings, Queens, Nassau &amp; Suffolk counties for commercial banks with less than $20 billion in assets.<\/p>\n<p align=\"justify\">\n        <strong>FORWARD-LOOKING STATEMENTS<\/strong><br \/>\n        <br \/>\n        <em>Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.<\/em>\n      <\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxMTk0OCM3NTc5ODUwIzIwMTk0NjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDFhOGE3MDAtOGIxMC00YmNlLTg0ZDctNTZlMjEwYjg5OWM4LTEwMzA5MzktMjAyNi0wNS0wNC1lbg==\/tiny\/Dime-Community-Bancshares-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HAUPPAUGE, N.Y., May 04, 2026 (GLOBE NEWSWIRE) &#8212; Dime today announced the formation of its Equipment &amp; Franchise Finance Group, a new vertical focused on delivering customized financing solutions to middle market companies and experienced franchise operators. The launch of the Equipment &amp; Franchise Finance Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion. The group will be led by Keith Smith, who joins Dime as Senior Vice President, Head of Equipment and Franchise Finance. Mr. Smith brings decades of industry experience, most recently serving as President and Partner of Star Hill Financial, where he led a platform specializing in originating bank-eligible assets. Dime\u2019s Equipment &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dime-launches-equipment-franchise-finance-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dime Launches Equipment &amp; Franchise Finance Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-957505","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dime Launches Equipment &amp; Franchise Finance Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dime-launches-equipment-franchise-finance-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dime Launches Equipment &amp; Franchise Finance Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAUPPAUGE, N.Y., May 04, 2026 (GLOBE NEWSWIRE) &#8212; Dime today announced the formation of its Equipment &amp; Franchise Finance Group, a new vertical focused on delivering customized financing solutions to middle market companies and experienced franchise operators. The launch of the Equipment &amp; Franchise Finance Group is part of Dime\u2019s growth plan to expand specialized commercial banking verticals and drive organic growth through targeted talent acquisition and market expansion. The group will be led by Keith Smith, who joins Dime as Senior Vice President, Head of Equipment and Franchise Finance. Mr. Smith brings decades of industry experience, most recently serving as President and Partner of Star Hill Financial, where he led a platform specializing in originating bank-eligible assets. 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