Independence Community Bank Corp. Declares Quarterly Cash Dividend

BROOKLYN, N.Y., Jan. 25  /PRNewswire-FirstCall/ -- Independence Community Bank Corp. (NASDAQ:ICBC), announced today that its Board of Directors has approved a quarterly cash dividend of $0.27 per share of common stock.  The dividend will be payable on February 23rd, 2006 to stockholders of record at the close of business on February 9th, 2006.

Independence Community Bank Corp. is the holding company for Independence Community Bank.  The Bank, originally chartered in 1850, currently operates 125 full service 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.  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/. 

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DATASOURCE: Independence Community Bank Corp.



CONTACT:  Frank W. Baier, Chief Financial Officer, [phone]



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

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