WESTBURY, N.Y.--(BUSINESS WIRE)--
New York Community Bancorp, Inc. (NYSE: NYCB) (the “Company”), the
holding company for New York Community Bank and New York Commercial
Bank, and Astoria Financial Corporation (NYSE: AF), the holding company
for Astoria Bank, today announced that their boards of directors have
mutually agreed not to extend the companies’ definitive merger
agreement, and to terminate the agreement effective January 1, 2017.
About New York Community Bancorp, Inc.
One of the largest U.S. bank holding companies, with assets of $49.5
billion, New York Community Bancorp, Inc. is a leading producer of
multi-family loans on non-luxury, rent-regulated apartment buildings in
New York City, and the parent of New York Community Bank and New York
Commercial Bank. With deposits of $29.1 billion and 255 branches in
Metro New York, New Jersey, Florida, Ohio, and Arizona, the Company also
ranks among the largest depositories in the United States.
Reflecting its growth through a series of acquisitions, New York
Community Bank currently operates through seven local divisions, each
with a history of service and strength: Queens County Savings Bank,
Roslyn Savings Bank, Richmond County Savings Bank, and Roosevelt Savings
Bank in New York; Garden State Community Bank in New Jersey; Ohio
Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.
Similarly, New York Commercial Bank currently operates 18 of its 30 New
York-based branches under the divisional name Atlantic Bank. Additional
information about the Company and its bank subsidiaries is available at www.myNYCB.com
and www.NewYorkCommercialBank.com.
New York Community Bancorp, Inc.
Investors:
Ilene A. Angarola,
516-683-4420
or
Media:
Kelly Maude Leung, 516-683-4032
Source: New York Community Bancorp, Inc.