‘Isles’ to ‘bank’ on Dime Community Bank

Article posted by Coliseum, May 20^th, 2021

Image: UBS Arena & Dime

The New York State (US)-chartered trust Dime Community Bank announced on May 17^th that it has struck a deal to become the official retail and commercial bank of the National Hockey League (NHL) team New York Islanders and their chic home UBS Arena (US) at Belmont Park, the New York metropolitan area’s most anticipated new live entertainment venue.

‘UBS Arena’ stated that Dime has also been named a founding partner of UBS Arena, the cutting-edge live entertainment and sports venue, scheduled to open in the Fall – the targeted opening date being November 2021.

UBS Arena is New York’s next premier entertainment and sports venue and future home of the New York Islanders. Located at Belmont Park in Elmont, New York, the state of the art facility will open for the 2021-2022 National Hockey League (NHL) season and will host more than 150 major events annually. The arena and its surrounding development are expected to generate 10,000 construction jobs and 3,000 permanent jobs, generating circa $25 billion in economic activity over the term of the lease. UBS Arena is poised to be one of the area’s – and the nation’s – most prestigious and appealing venues for musical acts and will include the largest scoreboard in New York.

Apply for membership

Tom Pistore, President, Commercial Biz Ops., UBS Arena, US, is a Member of Coliseum – Global Sports Venue Alliance.

Dime Community Bank, a wholly-owned subsidiary of Dime Community Bancshares is a New York State-chartered trust with over $13 billion in assets and number one deposit market share among community banks on Greater Long Island (US).

The New York Islanders are a professional ice hockey team based in Uniondale, New York. The Islanders compete in the National Hockey League as a member of the East Division. The team plays its home games at the 14,500-capacity Nassau Coliseum in New York. It will soon move to the under-construction UBS Arena which will serve as its digs.

The ‘UBS Arena’ further stated that Dime has become one of Greater Long Island’s largest community banks since its merger earlier this year with the BNB Bank. Dime has $13 billion in assets and more than 60 branches from Montauk to Manhattan in New York.

The partnership with UBS Arena gives the bank a high-profile foothold at a location central to its New York City/Long Island network.

The UBS Arena is a $1.1 billion multipurpose arena under construction and development adjacent to the Belmont Park racetrack. The world class entertainment venue, with its timeless and classic design, will bridge its iconic past with today’s futuristic technology and avant-garde amenities. Apart from serving as the new home to the famed New York Islanders Hockey Club, UBS Arena is one of the few venues in the world designed with a sharp focus on music and will create one of the best and most special experiences for both artistes and music buffs. The advanced arena will deliver an unmatched live entertainment experience with clear sightlines and premier acoustics to even more guests than ever before.

The Dime Community Bank will be UBS Arena’s exclusive retail and commercial banking partner and home to the arena’s operating accounts. The Dime and UBS Arena collaboration includes unique access opportunities for Dime customers, such as the ability to enter through a co-branded VIP entrance regardless of where their seat is located, discounts at select food and merchandise outlets and access to unique onsite experiences such as behind the scenes tours, mascot and alumni meet and greets, on ice postgame photographs, and many others. Additionally, the largest private club in UBS Arena will bear Dime’s name.

With its 30’ ceilings and loft space like feel, the Dime Club resembles the great Soho Lofts, featuring large-scale photography paying tribute to the galleries and creative talent that continue to transform New York.

The club will accommodate 1,300 lower bowl ticket holders during games, concerts and other special events. In addition, as a result of the partnership, Dime will have access to 2,000 arena employees and Dime employees will have opportunities to attend select arena games and concerts and to participate in Dime community service events with Islanders’ talent.

Remarked Kevin O’Connor, CEO, Dime Community Bank, “This is an unrivaled moment for the history of our bank. A high-profile partnership like this with the premier event facility across our expanding footprint will mean more benefits for our customers and more opportunity for our employees. As we continue to grow, we will use these collaborations to project the community focus and customer service that set our bank apart.”

Tim Leiweke, CEO, Oak View Group (The UBS Arena has been developed in partnership with the Oak View Group) observed, “Dime Community Bank is a notable addition to our list of Founding Partners and we could not be more excited for our guests to experience the Dime Club at UBS Arena. Their unwavering commitment to helping neighborhoods flourish and supporting communities in and around the arena aligns with our mission. We look forward to collaborating in these areas as we move forward.”

UBS Arena is slated to open for the 2021-2022 National Hockey League (NHL) season this Fall and will stage more than 150 sports and live entertainment events annually.

Continue to follow Coliseum for latest updates on venues business news. Coliseum is dedicated towards building the best global community of sports and entertainment venue executives and professionals creating better and more profitable venues.

Become a member of the only Global Sports Venue Alliance and connect with stadiums, arenas and experts from around the world. Apply for membership at coliseum-online.com/alliance and make use of the 365Coliseum Business.

Watch 250 member-exclusive videos with valuable tips for your venue