Elizabeth DiGangi
About Elizabeth DiGangi
Elizabeth DiGangi, age 41, is Chief Accounting Officer (principal accounting officer) of Dime Community Bancshares and Dime Community Bank, effective April 24, 2025. She has progressed through accounting leadership roles at Dime since 2019, and previously spent nearly 10 years at Suffolk Credit Union in controller and accounting roles . As context on company performance during her tenure initiation, Dime reported nine-month 2025 basic EPS of $1.67 and income attributable to common stockholders of $72.0 million .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Dime Community Bank | Accounting Manager | Jul 2019–Mar 2022 | Progression in accounting leadership culminating in CAO appointment |
| Dime Community Bank | Assistant Controller | Mar 2022–Mar 2024 | Progression in accounting leadership culminating in CAO appointment |
| Dime Community Bank | Controller | Mar 2024–Apr 2025 | Progression in accounting leadership culminating in CAO appointment |
| Dime Community Bancshares & Dime Community Bank | Chief Accounting Officer (Principal Accounting Officer) | Apr 24, 2025–present | Appointment to principal accounting officer role |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Suffolk Credit Union | Controller and various accounting roles | Nearly 10 years (dates not disclosed) | Deep prior accounting experience in regional banking |
Fixed Compensation
- At the time of CAO appointment (Apr 24, 2025), “no new compensation arrangements” were approved for Ms. DiGangi .
- Compensation decisions for officers other than NEOs are made under authority of the CEO, while the Compensation Committee sets compensation for the CEO and NEOs .
Performance Compensation
- Not disclosed for Ms. DiGangi. Company-level context (NEO program):
2024 Annual Incentive Plan (AIP) Corporate Factor metrics (NEOs):
| Metric | Weight | Threshold | Target | Maximum | Actual Result | Weighted Result |
|---|---|---|---|---|---|---|
| Adjusted Non-Interest Expenses/Average Assets | 50.0% | 1.75% | 1.55% | 1.35% | 1.54% | 103.0% |
| Relative Asset Quality (NPLs/Loans vs peer percentile) | 12.5% | 25th | 50th | 75th | 73rd | 146.0% |
| Common Equity Tier 1 Ratio (Consolidated) | 10.0% | 10.25% | 11.0% | 12.0% | 12.17% | 150.0% |
| CRE Concentration Ratio (Consolidated) | 15.0% | 550% | 510% | 470% | 447% | 150.0% |
| Loan-to-Deposit Ratio | 12.5% | 105.0% | 97.5% | 90.0% | 93.0% | 130.0% |
| Total | 100% | — | — | — | — | 123.7% |
2024–2026 Long-Term Incentive Plan (LTIP) PRSA performance metrics (NEOs):
| Metric | Weighting | Threshold | Target | Maximum |
|---|---|---|---|---|
| Relative Deposit Franchise Quality (Metro NY/NJ) | 50% | 25th percentile | 50th percentile | 75th percentile |
| Consolidated CRE Concentration Ratio | 50% | 490% | 450% | 400% |
Vesting mechanics for LTIP equity:
- RSAs vest ratably over three years (33% per year) .
- PRSAs earn-out over the performance period (2024–2026) on pre-defined metrics; payouts range 50–150% of target .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Beneficial ownership | 2,648 common shares, direct (Form 3, event date 04/24/2025) |
| Shares outstanding (context) | 43,894,345 common shares outstanding at Oct 30, 2025 |
| Ownership % (context) | ≈0.0060% calculated as 2,648 ÷ 43,894,345 (derived from and ) |
| Hedging/Pledging | Company prohibits hedging and pledging of Company securities |
| Stock ownership guidelines | Minimum stock ownership guidelines apply to Directors and NEOs (CEO: 3.0x salary; Other NEOs: 1.5x salary); PRSAs do not count until vested . |
| Insider transactions | No Form 4 filings identified for Ms. DiGangi in our search (as of available filings) [SearchDocuments: No results]. |
Employment Terms
| Term | Disclosure |
|---|---|
| Appointment effective date | Apr 24, 2025 (promoted from SVP & Controller to CAO/principal accounting officer) |
| Arrangements/understandings | None; no other arrangements or understandings pursuant to which she was appointed |
| Family relationships | None with any director or executive officer |
| Related party transactions | No direct or indirect material interest in transactions requiring Item 404(a) disclosure |
| New compensation at appointment | None at that time |
| Governance policies | Insider Trading and Confidentiality Policy; Board/committees independent; directors/NEOs have minimum stock ownership requirements . |
| Clawback | Dodd-Frank/SEC-compliant clawback policy covering incentive compensation of Executive Officers (3-year lookback; restatement triggers) . |
Investment Implications
- Alignment: Direct ownership is modest (~0.0060% of common shares based on latest outstanding), but company-level restrictions reduce misalignment risk (no hedging/pledging; clawback for executive officers) .
- Incentives and selling pressure: No individual AIP/LTIP detail or new compensation arrangements were disclosed for the CAO appointment; no Form 4 activity found, suggesting limited immediate insider selling signals tied to vesting [SearchDocuments: No results].
- Retention and governance: Compensation for non-NEO officers is set by the CEO, with oversight via company policies (insider trading windows, clawback). Absence of specific employment agreement/severance terms in filings limits visibility into change-of-control economics for Ms. DiGangi .
- Execution risk: Ms. DiGangi’s progression across accounting roles and elevation to principal accounting officer supports continuity in financial reporting controls; broader NEO performance metrics emphasize cost discipline, capital, and deposit quality, aligning the executive environment with risk-aware performance targets .