New York Community Bancorp, Inc. Announces Common Stock Offering

WESTBURY, N.Y.--(BUSINESS WIRE)--New York Community Bancorp, Inc. (NYSE: NYB) (the “Company”) today announced that it plans to publicly offer 60 million shares of its common stock in an underwritten offering. The underwriters have been given a 30-day option to purchase up to an additional 15% of the number of common shares being offered to cover any over-allotments.

The proceeds from the offering will qualify as tangible common equity and Tier 1 regulatory capital, and will be used by the Company for general corporate purposes, including capitalizing the growth stemming from its acquisition of the deposits and certain assets of AmTrust Bank on Friday evening, December 4th.

Credit Suisse is the sole book-running manager in the offering. The co-managers are Sandler O’Neill + Partners, L.P., BofA Merrill Lynch, J.P. Morgan, Raymond James, Macquarie Capital, and Janney Montgomery Scott.

The shares will be issued pursuant to a prospectus supplement and an accompanying base prospectus filed as part of the Company’s effective shelf registration statement on Form S-3 (File No. 333-152147). A preliminary prospectus supplement and base prospectus related to the offering have been filed with the Securities and Exchange Commission (the “SEC”) and is available on the SEC's website, http://www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may only be made by means of a prospectus and a related prospectus supplement, copies of which may be obtained from Credit Suisse at One Madison Avenue, 1B, New York, NY 10010-3629 or by calling 1-800-221-1037.

About New York Community Bancorp, Inc.

With assets of approximately $42 billion, New York Community Bancorp, Inc. is the 21st largest bank holding company in the nation and a leading producer of multi-family loans in New York City, with an emphasis on apartment buildings that feature below-market rents. The Company has two bank subsidiaries: New York Community Bank, with 243 branches serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona; and New York Commercial Bank, with 35 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County, all in New York.

Reflecting its growth through a series of acquisitions, the Community Bank operates through six local divisions: Queens County Savings Bank in Queens, Roslyn Savings Bank on Long Island, Richmond County Savings Bank on Staten Island, Roosevelt Savings Bank in Brooklyn, Garden State Community Bank in New Jersey, and AmTrust Bank in Florida, Ohio, and Arizona. Similarly, the Commercial Bank operates 18 of its branches under the name Atlantic Bank.

Forward-Looking Statements and Associated Risk Factors

This release, like many written and oral communications presented by New York Community Bancorp, Inc. and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions.

There are a number of risk factors, many of which are beyond our control, that could cause actual conditions, events, or results to differ significantly from those described in our forward-looking statements. These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A “Risk Factors,” and also disclosed from time to time in our Quarterly Reports on Form 10-Q.

Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.