Independence Community Bank Corp. Announces Results of Its Annual Meeting of Stockholders

Independence Community Bank Corp. Announces Results of Its Annual
Meeting of Stockholders 


BROOKLYN, N.Y., May 27  /PRNewswire-FirstCall/ -- Independence Community Bank
Corp. (the "Company") (NASDAQ:ICBC) announced that Messrs. Willard N. Archie,
Robert B. Catell, Harry P. Doherty and John R. Morris were re-elected as
directors, each for a three year term, at the Company's annual meeting of
stockholders held yesterday.  Stockholders also approved the 2005 Stock
Incentive Plan and ratified the selection of Ernst & Young LLP as the Company's
independent auditors for the fiscal year ending December 31, 2005.

Independence Community Bank Corp. is the holding company for Independence
Community Bank.  The Bank, originally chartered in 1850, currently operates 123
branches located in the greater New York City metropolitan area, which includes
the five boroughs of New York City, Nassau and Suffolk Counties and New Jersey.
 At its banking offices located on Staten Island, the Bank conducts business 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 its urban communities with
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/ .

Statements contained in this news release which are not historical facts are
forward-looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995.  Such forward-looking statements are subject to
risks and uncertainties which could cause actual results to differ materially
from those currently anticipated due to a number of factors. Factors which
could result in material variations include, but are not limited to, changes in
interest rates which could affect net interest margins and net interest income;
competitive factors which could affect net interest income and non-interest
income, general economic conditions which could affect the volume of loan
originations, deposit flows, real estate values, the levels of non-interest
income and the amount of loan losses as well as other factors discussed in
documents filed by the Company with the Securities and Exchange Commission from
time to time.  The Company undertakes no obligation to update these
forward-looking statements to reflect events or circumstances that occur after
the date on which such statements were made. 

DATASOURCE: Independence Community Bank Corp.



CONTACT:  Kathleen A. Hanrahan, First Vice President, [phone], or

Frank W. Baier, Chief Financial Officer, [phone], both of Independence

Community Bank Corp.



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

Copyright