Tag Archives: dime savings bank of williamsburg

Banks to offer Sandy victims no foreclosures, late fees for 90 days


| editorial@queenscourier.com


Several major state-chartered banks and mortgage servicers have agreed to offer relief for home mortgage borrowers in Sandy-affected areas, including no foreclosures and late fees for 90 days, Governor Andrew announced today.

In the state, some of those banks include Apple Savings Bank, Dime Savings Bank of Williamsburg, Emigrant Savings Bank, M&T Bank, New York Community Bank, Ridgewood Savings Bank, Hanover Community Bank and others, and the state registered mortgage servicers Citi Mortgage, Homeward Residential, Ocwen Loan Servicing and Nationstar.

“Thousands of New Yorkers lost everything, while others are struggling with no electricity and limited ability to travel or communicate. As a result, some people may be late in payments on mortgages or incur other bank fees and penalties. I’m proud to say that major New York State chartered banks and registered mortgage servicers have agreed to waive fees and penalties so borrowers, who are already facing the difficulties and expenses of recovering, won’t have this additional cost. I call on any state chartered banks and mortgage servicers that have not yet provided relief programs to borrowers to follow suit,” said Cuomo.

Bank helps customers prepare for retirement


| tpetropoulosedit@queenscourier.com

The Courier/Photos

The road to retirement is often a tricky one, with many obstacles along the way.

On April 18, Dime Savings Bank tried to make that road a little smoother by hosting a dinner to discuss options for retirement with select customers at Luigi’s Italian Restaurant in Glen Oaks.

This is the third event of its kind the bank has done this year and the first in Queens.

“We believe that it is our responsibility as their bank to educate them on all the options that are available so they can make more money,” said Larry Kinitsky, Senior Vice President of Marketing at The Dime Savings Bank of Williamsburg, which helped organize the event. “In this event, we educate and reward our customers, let them have dinner and have a good time while also getting educated.”

In between a dinner of Italian specialties and a desert of assorted pastries, Mary Ferrante, regional vice president for U.S. Life, a partner of Dime Bank, gave a PowerPoint presentation and fielded questions from the roughly 45 attendees.

Ferrante discussed how planning for retirement has changed over the years, how every individual should have a specific plan, and the benefit of annuities.
“We all dream that when we are retired we can sit and relax in our rocking chairs,” said Ferrante. “No one wants to be in their rocking chair worrying about where their money is going.”

Branch managers from Garden City, Bayside, Hillcrest and Glen Oaks were also at the event, mingling with guests and giving one-on-one advice.

“I think the event was very informative and I learned a lot,” said attendee Carolyn Sorrentino. “It was absolutely better than anything I would have expected.”