Dime Bank of Borough Park to Shutter this Fall

By: Boropark24 Staff 

5003 13th Avenue has been the location of a bank for at least four-and-a-half decades—but this may soon cease to be the case, as DIME Bank announces the closure of the Borough Park branch. 

The bank notified its customers Monday: 

“The Borough Park branch will close permanently, Friday, September 9, 2022, at the close of business. Beginning September 12, 2022, your new branch will be the Bensonhurst Branch, located at 1545 86th Street. Your account will not be affected and there will be no interruption in service.” 

The reason for the closure is unclear, although the incredible number of banks all around it, as well as sharply rising rent rates may have contributed to this move.