Strong and economically vibrant communities are often one and the same. In order for a community to grow and thrive, successful local business need to be a driver for that growth.
Today, and over the course of history, Dime Bank has helped numerous local businesses provide goods and services, employ local residents, and give back in many different ways.
Since our founding back in 1869 to present day, Dime has provided loans, credit and other funding to many local companies and organizations across all of CT and beyond.
From the railroads, local towns and school districts of yesteryear to the healthcare facilities, manufacturers and local business expansions of today, Dime has been there.
In order to continue to succeed today, businesses of all sizes must be able to meet the evolving needs of their customers and communities; those that are able to adapt usually continue to thrive while others may no longer have the capacity to meet the shifting landscape they face.
Dime is a perfect example of this. As times and the needs of local businesses change, Dime’s ability to meet the needs of our local economies has progressed as well.
A core reason for the success Dime has had in helping local business owners through changing times is the consistency of our own leadership at the bank; in our 155+ year history, Dime has had only 13 previous presidents. With an announcement issued on October 1, 2025, a new chapter has begun with Nicholas J. Statoulas, of Glastonbury, CT, becoming only the 14th President in the history of Dime Bank.
Mr. Statoulas replaces Nick Caplanson, who earlier this year, announced his plans to retire as Dime’s President, on October 1, and Chief Executive Officer, effective December 31, 2025; upon his departure at the end of the year, the CEO role will also be assumed by Mr. Statoulas.
Nick Caplanson has successfully led Dime in the dual roles of President and CEO since 2011; he will retain his role of Chairman of the Board of Directors, beginning January 1.
Over his 14-year tenure as President and CEO, the bank has realized significant growth and recognition, including:
- Growth of the bank’s assets from $681M to over $1.2B
- Expansion of Dime’s market territory into greater Hartford and the surrounding area with the opening of new branches in Colchester, Glastonbury, Manchester and Vernon
- Many consecutive record years of giving back to the local communities Dime serves through the bank & Dime Bank Foundation; in 2024, a total of nearly $500,000 was donated to over 180 organizations
Mr. Statoulas has spent nearly thirty-five years in community banking, previously working at Rockville Bank and United Bank before joining Dime in 2018. Most recently, he served as Dime’s Executive Vice President & Chief Operating Officer. Prior to being named Chief Operating Officer, he led Dime’s retail network, including the bank’s expansion into greater Hartford.
Upon the news that he would be the next president at Dime, he has often been asked what changes can be expected at Dime, but he prefers to answer the question in a different light.
“Dime Bank has been a respected institution in our local communities and beyond since 1869,” said Mr. Statoulas. “People want to talk about what changes may be coming but I would
rather share what won’t be changing. Our mission has always been to offer financial services with a focus on exceptional customer service and that will not change, nor will our steadfast commitment to always support and give back to our customers, local business owners and communities where we work and live. It’s why we’ve consistently said throughout our history, “times change, values don’t.”
About Dime Bank:
- Established in 1869
- 14 branch locations throughout southeastern and greater Hartford, Connecticut and Westerly, Rhode Island
- Over $1 billion in assets
- Offers consumer and commercial banking, commercial lending, home mortgages and a full menu of wealth management and trust services
- https://dime-bank.com
