Long Island Financial Corp. Announces Quarterly Dividend
25 August 2005 - 9:18AM
Business Wire
Douglas C. Manditch, President and Chief Executive Officer of Long
Island Financial Corp. (NASDAQ/NMS: LICB), announced today that the
Board of Directors declared a quarterly dividend of $.12 per common
share, payable on November 16, 2005 to stockholders of record on
November 1, 2005. In making the announcement, Mr. Manditch noted
that the Board had conformed the dividend record and payment dates
in accordance with the Agreement and Plan of Merger (the "Merger
Agreement") between Long Island Financial Corp. and New York
Community Bancorp, Inc. dated August 1, 2005. Additional
information concerning the Merger Agreement can be found in the
Form 8-K filed by the Company on August 3, 2005. Long Island
Financial Corp. is the holding company for Long Island Commercial
Bank, a New York state-chartered commercial bank, which provides
commercial and consumer banking services through twelve offices
located in Islandia, Babylon, Smithtown, Westbury, Jericho,
Shirley, Ronkonkoma, Melville, Central Islip, Deer Park, Hauppauge
and Bay Ridge-Brooklyn. Long Island Financial Corp. had
approximately $540 million in assets at June 30, 2005. Harvey
Auerbach serves as Chairman of the Board. This press release does
not constitute an offer of securities. The proposed transaction
will be submitted to Long Island Financial Corp.'s stockholders for
their consideration. New York Community Bancorp, Inc. will file a
registration statement containing a proxy statement/prospectus that
will be sent to Long Island Financial Corp.'s stockholders, and
other relevant documents concerning the proposed transaction, with
the U.S. Securities and Exchange Commission (the "SEC"). Long
Island Financial Corp. will file relevant documents concerning the
proposed transaction with the SEC. WE URGE INVESTORS TO READ THE
REGISTRATION STATEMENT CONTAINING THE PROXY STATEMENT/PROSPECTUS,
AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, BECAUSE
THEY CONTAIN IMPORTANT INFORMATION. Investors will be able to
obtain these documents free of charge at the SEC's web site
(www.sec.gov). In addition, documents filed with the SEC by New
York Community Bancorp, Inc. will be available free of charge from
the Investor Relations Department, New York Community Bancorp,
Inc., 615 Merrick Avenue, Westbury, New York 11590. Documents filed
with the SEC by Long Island Financial Corp. will be available free
of charge from the Corporate Secretary, Long Island Financial
Corp., 1601 Veterans Highway, Suite 120, Islandia, New York 11749.
The directors, executive officers, and certain other members of
management of Long Island Financial Corp. may be soliciting proxies
in favor of the transaction from the company's shareholders. For
information about these directors, executive officers, and members
of management, shareholders are asked to refer to the most recent
proxy statement issued by the company, which is available on its
web site and at the address provided in the preceding paragraph.
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