New York-based Dime Bancorp has named Lawrence J. Toal chief executive of the bank holding company and chairman and chief executive of its main operating unit, Dime Savings Bank of New York.
Mr. Toal, 59, will take over both positions at the end of this year, when James M. Large Jr. retires.
Mr. Toal is president and chief operating officer of Dime Savings and its parent company.
He joined Dime in 1991 from Philadelphia Savings Fund Society, where he served as president from 1988 to 1991. Before that, he was with Chase Manhattan for 26 years. Mr. Large, who will turn 65 next year, will remain chairman of Dime Bancorp and a director of the bank.
Last month Dime appointed David E. Sparks executive vice president and chief financial officer of the holding company and Dime Savings. Mr. Sparks, 52, will join the thrift in August from Philadelphia-based CoreStates Financial Corp.
With 85 branches, Dime is the largest savings bank in the New York City metropolitan area and one of the largest publicly traded savings banks in the country.