North Fork Bancorporation Declares Its Regular Quarterly Dividend and Announces Information Regarding the Election Deadline
27 September 2006 - 1:14AM
Business Wire
North Fork Bancorporation, Inc. (NYSE:NFB) announced that its Board
of Directors declared its regular quarterly dividend of $0.25 cents
per common share. The dividend will be payable November 15, 2006,
to shareholders of record at the close of business on October 27,
2006. Capital One and North Fork have not yet set a definitive
election deadline by which North Fork stockholders can elect
whether they would prefer to receive cash or Capital One common
stock in the merger. The election deadline, which is expected to be
approximately five business days prior to the transaction closing
date, will not be earlier than October 25, 2006, and will be
announced at least five business days in advance of the deadline.
As previously announced, Capital One and North Fork expect the
transaction to close in the fourth quarter of 2006, pending the
receipt of all remaining regulatory approvals and the expiration of
all regulatory waiting periods. The results of the merger
consideration election process (including information regarding
proration in the event that either form of merger consideration is
over-subscribed) will be announced following the completion of the
merger. North Fork is a regional bank holding company headquartered
in New York with approximately $58 billion in assets conducting
commercial and retail banking from 351 branch locations in the
Tri-State area with a complementary national mortgage banking
business. Statements in this news release that are not historical
facts should be considered forward-looking statements with respect
to North Fork. Forward-looking statements of this type speak only
as of the date of this report. By nature, forward-looking
statements involve inherent risk and uncertainties. Various
factors, including, but not limited to, unforeseen local, regional,
national or global events, economic conditions, asset quality,
interest rates, loan demand, changes in business or consumer
spending, borrowing or savings habits, deposit growth, adequacy of
the reserve for loan losses, competition, stock price volatility,
government monetary policy, anticipated expense levels, changes in
laws and regulations, the level of success of the company's
asset/liability management strategies as well as its marketing,
product development, sales and other strategies, the effect of
changes in accounting policies and practices, as may be adopted by
the regulatory agencies as well as the Financial Accounting
Standards Board and other accounting standard setters, the costs
and effects of litigation and of unexpected or adverse outcomes in
such litigation, matters related to the proposed transaction
between Capital One and North Fork (including, among others,
receipt of regulatory approvals, risks related to integration
issues, and cost and revenue synergies) and changes in the
assumptions used in making the forward-looking statements, could
cause actual results to differ materially from those contemplated
by the forward-looking statements. North Fork undertake no
obligation to update or revise forward-looking statements to
reflect subsequent circumstances, events or information or for any
other reason. North Fork Bancorporation, Inc. (NYSE:NFB) announced
that its Board of Directors declared its regular quarterly dividend
of $0.25 cents per common share. The dividend will be payable
November 15, 2006, to shareholders of record at the close of
business on October 27, 2006. Capital One and North Fork have not
yet set a definitive election deadline by which North Fork
stockholders can elect whether they would prefer to receive cash or
Capital One common stock in the merger. The election deadline,
which is expected to be approximately five business days prior to
the transaction closing date, will not be earlier than October 25,
2006, and will be announced at least five business days in advance
of the deadline. As previously announced, Capital One and North
Fork expect the transaction to close in the fourth quarter of 2006,
pending the receipt of all remaining regulatory approvals and the
expiration of all regulatory waiting periods. The results of the
merger consideration election process (including information
regarding proration in the event that either form of merger
consideration is over-subscribed) will be announced following the
completion of the merger. North Fork is a regional bank holding
company headquartered in New York with approximately $58 billion in
assets conducting commercial and retail banking from 351 branch
locations in the Tri-State area with a complementary national
mortgage banking business. Statements in this news release that are
not historical facts should be considered forward-looking
statements with respect to North Fork. Forward-looking statements
of this type speak only as of the date of this report. By nature,
forward-looking statements involve inherent risk and uncertainties.
Various factors, including, but not limited to, unforeseen local,
regional, national or global events, economic conditions, asset
quality, interest rates, loan demand, changes in business or
consumer spending, borrowing or savings habits, deposit growth,
adequacy of the reserve for loan losses, competition, stock price
volatility, government monetary policy, anticipated expense levels,
changes in laws and regulations, the level of success of the
company's asset/liability management strategies as well as its
marketing, product development, sales and other strategies, the
effect of changes in accounting policies and practices, as may be
adopted by the regulatory agencies as well as the Financial
Accounting Standards Board and other accounting standard setters,
the costs and effects of litigation and of unexpected or adverse
outcomes in such litigation, matters related to the proposed
transaction between Capital One and North Fork (including, among
others, receipt of regulatory approvals, risks related to
integration issues, and cost and revenue synergies) and changes in
the assumptions used in making the forward-looking statements,
could cause actual results to differ materially from those
contemplated by the forward-looking statements. North Fork
undertake no obligation to update or revise forward-looking
statements to reflect subsequent circumstances, events or
information or for any other reason.
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