The Dime Bank Selected to Receive Designation of Savings Excellence Award

The Dime Bank has been honored with the 2024 America Saves Designation of Savings Excellence award. This recognition is exclusively given to financial institutions that have made a measurable impact and demonstrated exceptional achievement during the annual America Saves Week campaign. America Saves Week is a national annual event coordinated by America Saves, designed to help individuals understand the importance of saving, set realistic financial goals, and develop strategies to reach those goals.

The Dime Bank is one of nine banks and eight credit unions honored with this distinction out of more than 4,600 participating organizations of America Saves Week, which took place April 8 – 12, 2024 as part of Financial Capability Month.

The Dime Bank President and Chief Executive Officer Peter Bochnovich stated, “Receiving the America Saves Designation of Savings Excellence award is a testament to The Dime Bank’s unwavering dedication to our customers’ financial success. By providing accessible resources, educational events, and personalized financial coaching, The Dime Bank strives to create an environment where everyone can achieve their financial goals. We are inclusive, recognizing the diverse backgrounds and unique challenges faced by individuals. Through America Saves, we encourage these positive financial practices to support the well-being of our customers and community, regardless of where they are in their financial paths.”

The efforts of these 17 financial institutions resulted in a remarkable combined impact. Within the span of one week, these institutions facilitated the inflow of nearly $354 million in deposits into both new and established accounts. Moreover, 231,000 new accounts were established, and 64,000 individuals enhanced their automatic savings transfers or contributions to their current savings accounts.

“Congratulations to the financial institutions awarded the 2024 Designation of Saving Excellence for their achievements during America Saves Week 2024! Their commitment to empowering customers and members to save money not only strengthens individual financial security but also contributes significantly to our nation’s economic stability, commented Carolyn Pemberton, America Saves Program Manager. “Their leadership sets a commendable example for the financial industry, demonstrating how proactive investments in savings can foster a resilient and prosperous future for all.”