New York Community Bancorp, Inc. Announces 2011 Annual Meeting Results

WESTBURY, N.Y.--(BUSINESS WIRE)--New York Community Bancorp, Inc. (NYSE: NYB) (the “Company”) today announced the results of its Annual Meeting of Shareholders, held earlier today in Flushing, New York.

First, shareholders of the Company re-elected five nominees to the Board of Directors: Dominick Ciampa, the Company’s Chairman; William C. Frederick, M.D.; Max L. Kupferberg; Spiros J. Voutsinas; and Robert Wann. Each of the nominees was elected to serve a three-year term of office.

The Company’s shareholders also ratified the appointment of KPMG LLP as its independent registered public accounting firm for the year ending December 31, 2011 and re-approved two incentive compensation plans, the Management Incentive Compensation Plan and the Stock Incentive Plan, both of which were originally approved by the Company’s shareholders at the Annual Meeting held in 2006.

Shareholders were also asked to provide a non-binding advisory vote on the compensation paid to the Company’s Named Executive Officers, and to provide a non-binding advisory vote on the frequency with which shareholders should be asked to vote on such compensation in the future. In addition to approving the compensation paid to the Company’s Named Executive Officers, shareholders of the Company agreed with the Board of Directors’ recommendation that such a vote should be taken every three years.

About New York Community Bancorp, Inc.

With assets of $41.0 billion at March 31, 2011, New York Community Bancorp, Inc. is the 22nd largest bank holding company in the nation and a leading producer of multi-family mortgage 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, a thrift with 242 branches serving customers throughout Metro New York, New Jersey, Ohio, Florida, and Arizona; and New York Commercial Bank, with 34 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York.

Reflecting its growth through a series of acquisitions, the Community Bank operates through seven local divisions, each with a history of service and strength: 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; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. Similarly, the Commercial Bank operates 17 of its 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.