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Why This Multifamily Lender Is Retrenching

Why This Multifamily Lender Is Retrenching

December 30, 2016
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Kenneth Mahon, the new CEO of Dime Community Bank, wants to reduce the 152-year-old institution's multifamily exposure by diversifying into other asset classes. But finding new business amid already fierce competition could be an immense challenge for Dime — and other community banks — in 2017.

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