New York Community Bancorp, Inc. Announces the Appointment of Lawrence J. Savarese to Its Board of Directors

  New York Community Bancorp, Inc. Announces the Appointment of Lawrence J.
  Savarese to Its Board of Directors

Business Wire

WESTBURY, N.Y. -- March 4, 2013

New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced
the appointment of Lawrence J. Savarese, a senior finance professional, to the
Boards of Directors of the Company and its subsidiary banks, New York
Community Bank and New York Commercial Bank, effective today, March 4, 2013.

From 1978 through 2012, Mr. Savarese enjoyed a successful career with the
independent public accounting firm KPMG. For 19 of those years, he was an
Audit Partner in the firm's Financial Services Practice, serving as partner in
charge of audits of both community banks and international banks with branches
and agencies in the United States. During this time, Mr. Savarese served as
KPMG’s representative to the New York Bankers Association and The Institute of
International Bankers.

From 2008 to 2011, Mr. Savarese served as Audit Partner, Risk Management, for
KPMG's Advisory Practice, where he developed and implemented advisory service
protocols in connection with certain requirements of the Public Accounting
Oversight Board. Prior to his retirement, Mr. Savarese was an Audit Partner in
KPMG's Global Services Centre, where he designed and developed the
standardized approach for auditing banks now used by the firm's Global Bank
Practice.

Commenting on Mr. Savarese's appointment, the Company's President and Chief
Executive Officer, Joseph R. Ficalora, stated, "We would be hard pressed to
find a more suitable candidate for service on our Boards of Directors. Mr.
Savarese’s expertise in finance and risk management and his extensive
experience as the senior independent auditor for some of the world's premier
banking institutions – including ours – will serve both our Company and our
shareholders well. We are delighted that he has agreed to serve on our Boards
of Directors, and as a member of our Audit, Investment, Risk Assessment, and
Nominating Committees, where his expertise will be put to excellent use."

About New York Community Bancorp, Inc.

With assets of $44.1 billion at December 31, 2012, New York Community Bancorp,
Inc. is the 20th 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, a thrift, with 240 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 in New York.

Reflecting its growth through a series of acquisitions, the Community Bank
currently operates through seven local divisions, each with a history of
strength and service in its community: 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 18 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.

Contact:

New York Community Bancorp, Inc.
Investor:
Ilene A. Angarola, 516-683-4420
or
Media:
Kelly Maude Leung, 516-683-4032
 
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