New York Community Bancorp, Inc.
(NYSE: NYCB) is one of the 25 largest bank holding
companies in the nation, with assets of $49.0 billion and a market cap of $8.0 billion
at September 30, 2015. With deposits of $28.3 billion and over 250 branches in Metro New
York, New Jersey, Florida, Arizona, and Ohio, we also rank among the 25 largest
depositories in the United States.
We operate our branches through two banks with eight local divisions, reflecting
our growth through seven traditional mergers and two FDIC-assisted transactions
between the years 2000 and 2010. Established in 1859, New York Community Bank
a New York State-chartered savings bank with more than 220 branches throughout our five-state
franchise; established in 2005 and also New York State-chartered, New York Commercial
has 30 branches--all in Metro New York.
In addition to fueling the growth of our deposit franchise, acquisitions have fueled
the growth of our interest-earning assets and, in particular, our multi-family loans.
We are a leading producer of multi-family loans for portfolio in New York City,
with an emphasis on rent-regulated buildings that feature below-market rents. At
the end of September, our portfolio totaled $24.7 billion, representing 72.2% of total
In addition to our expertise in multi-family lending, we are known for our record
of superior asset quality. In the past 20 years—including those of the Great Recession—few
of our non-performing assets resulted in actual losses. In fact, net charge-offs
have represented a modest 0.04% of average loans over the course of our public life.
We also are known for our highly efficient operation, with an average efficiency
ratio of 38.50% during the same time.
We invite you to learn more about the Company, our performance, and business model
as we continue to focus on enhancing the value of our investors’ shares.
Cautionary Statements Regarding the Proposed Merger with Astoria Financial
Additional Information and Where to Find It
These materials do not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval. New York Community Bancorp, Inc. (“NYCB”) will file a registration statement on Form S-4 with the Securities and Exchange Commission (“SEC”) in connection with the proposed transaction. The registration statement will include a proxy statement of Astoria Financial Corporation (“Astoria Financial” or “Astoria”) and NYCB which also will constitute a prospectus of NYCB that will be sent to the stockholders of Astoria Financial. Stockholders are advised to read the joint proxy statement/prospectus when it becomes available because it will contain important information about NYCB, Astoria Financial, and the proposed transaction. When filed, this document and other documents relating to the merger filed by NYCB can be obtained free of charge from the SEC’s website at
. These documents also can be obtained free of charge by accessing the “SEC Filings” link from the “Financial Results” menu above. Alternatively, these documents, when available, can be obtained free of charge from NYCB upon written request to New York Community Bancorp, Inc., Attn: Corporate Secretary, 615 Merrick Avenue, Westbury, New York 11590 or by calling (516) 683-4100, or from Astoria Financial upon written request to Astoria Financial Corporation, Attn: Monte N. Redman, President, One Astoria Bank Plaza, Lake Success, New York 11042 or by calling (516) 327-3000.
Participants in Solicitation
NYCB, Astoria Financial, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Astoria Financial and NYCB stockholders in connection with the proposed transaction under the rules of the SEC. Certain information regarding the interests of these participants and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the joint proxy statement/prospectus regarding the proposed transaction when it becomes available. Additional information about NYCB and its directors and officers may be found in the definitive proxy statement of NYCB relating to its 2015 Annual Meeting of Stockholders filed with the SEC on April 24, 2015. Additional information about Astoria Financial and its directors and officers may be found in the definitive proxy statement of Astoria Financial relating to its 2015 Annual Meeting of Stockholders filed with the SEC on April 17, 2015. These definitive proxy statements can be obtained free of charge from the SEC’s website at