Independence Community Bank Corp. Announces Increase in Quarterly Cash Dividend

Independence Community Bank Corp. Announces Increase in Quarterly
Cash Dividend 


BROOKLYN, N.Y., April 25  /PRNewswire-FirstCall/ -- Independence Community Bank
Corp. (NASDAQ:ICBC), announced today that its Board of Directors has approved
an increase in the quarterly cash dividend to $0.27 per share of common stock
from the most recent quarterly dividend of $0.26 per share.  The new dividend
will be payable on May 25, 2005 to stockholders of record at the close of
business on May 11, 2005.

Independence Community Bank Corp. is the holding company for Independence
Community Bank.  The Bank, originally chartered in 1850, currently operates 122
full service branches located in the greater New York City metropolitan area,
which includes the five boroughs of New York City, Nassau, Suffolk and
Westchester Counties, and New Jersey.  On Staten Island, the Bank's twenty-one
branch offices operate as SI Bank & Trust, a division of Independence Community
Bank.  The Bank has three key business divisions:  Commercial Real Estate
Lending, Consumer Banking and Business Banking and is actively targeting small
and mid-size businesses.  The Bank maintains its community orientation by
serving urban communities a wide range of financial products and by emphasizing
customer service, superior value and convenience.  The Bank's web address is
http://www.myindependence.com/. 

DATASOURCE: Independence Community Bank Corp.



CONTACT: Kathleen Hanrahan, First Vice President, Investor Relations,

[phone], or Frank Baier, Chief Financial Officer, [phone] both

of Independence Community Bank Corp.



Web site:  http://www.myindependence.com/

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