Ken Mahon, President and CEO Speaks on Dime Community Bank’s 2017 #DimeGivesBack Charity Initiative
About Kenneth Mahon
Kenneth Mahon, President and CEO of Dime Community Bank, promoted the bank's #DimeGivesBack charity initiative in 2018 and 2017. In a 2018 video, he stated that the program raised over $20,000 in November 2017 for over 50 local community nonprofits, and he invited customers to participate again by posting what they were thankful for on social media, with the bank making a donation on their behalf. In a 2017 video, he described the bank as originally founded to serve New York's working class and said the bank remains connected to its communities. In a 2015 interview, Mahon discussed the bank's history and his personal background. He said he was born in 1964, lived in Williamsburg until 1991, and had worked at the bank for over 30 years. He described the bank as "the last Brooklyn savings bank headquartered still here in Brooklyn," and noted that it nearly went out of business in the early 1980s due to high interest rates. He attributed neighborhood changes to Mayor Bloomberg's 2005 zoning changes, which he said permitted residential development in formerly commercial-industrial areas. He also stated that the bank focuses on lending on pre-war apartment buildings where low- and moderate-income people can afford to live, and that it works with community organizations to prevent evictions.