NFB (NYSE:NFB)
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North Fork Bancorporation, Inc. (NYSE:NFB) announced that its
Board of Directors declared its regular quarterly dividend of $0.25
cents per common share. The dividend will be payable November 15, 2006,
to shareholders of record at the close of business on October 27, 2006.
Capital One and North Fork have not yet set a definitive election
deadline by which North Fork stockholders can elect whether they would
prefer to receive cash or Capital One common stock in the merger. The
election deadline, which is expected to be approximately five business
days prior to the transaction closing date, will not be earlier than
October 25, 2006, and will be announced at least five business days in
advance of the deadline. As previously announced, Capital One and North
Fork expect the transaction to close in the fourth quarter of 2006,
pending the receipt of all remaining regulatory approvals and the
expiration of all regulatory waiting periods. The results of the merger
consideration election process (including information regarding
proration in the event that either form of merger consideration is
over-subscribed) will be announced following the completion of the
merger.
North Fork is a regional bank holding company headquartered in New York
with approximately $58 billion in assets conducting commercial and
retail banking from 351 branch locations in the Tri-State area with a
complementary national mortgage banking business.
Statements in this news release that are not historical facts should be
considered forward-looking statements with respect to North Fork.
Forward-looking statements of this type speak only as of the date of
this report. By nature, forward-looking statements involve inherent risk
and uncertainties. Various factors, including, but not limited to,
unforeseen local, regional, national or global events, economic
conditions, asset quality, interest rates, loan demand, changes in
business or consumer spending, borrowing or savings habits, deposit
growth, adequacy of the reserve for loan losses, competition, stock
price volatility, government monetary policy, anticipated expense
levels, changes in laws and regulations, the level of success of the
company's asset/liability management strategies as well as its
marketing, product development, sales and other strategies, the effect
of changes in accounting policies and practices, as may be adopted by
the regulatory agencies as well as the Financial Accounting Standards
Board and other accounting standard setters, the costs and effects of
litigation and of unexpected or adverse outcomes in such litigation,
matters related to the proposed transaction between Capital One and
North Fork (including, among others, receipt of regulatory approvals,
risks related to integration issues, and cost and revenue synergies) and
changes in the assumptions used in making the forward-looking
statements, could cause actual results to differ materially from those
contemplated by the forward-looking statements. North Fork undertake no
obligation to update or revise forward-looking statements to reflect
subsequent circumstances, events or information or for any other reason.
North Fork Bancorporation, Inc. (NYSE:NFB) announced that its
Board of Directors declared its regular quarterly dividend of $0.25
cents per common share. The dividend will be payable November 15,
2006, to shareholders of record at the close of business on October
27, 2006.
Capital One and North Fork have not yet set a definitive election
deadline by which North Fork stockholders can elect whether they would
prefer to receive cash or Capital One common stock in the merger. The
election deadline, which is expected to be approximately five business
days prior to the transaction closing date, will not be earlier than
October 25, 2006, and will be announced at least five business days in
advance of the deadline. As previously announced, Capital One and
North Fork expect the transaction to close in the fourth quarter of
2006, pending the receipt of all remaining regulatory approvals and
the expiration of all regulatory waiting periods. The results of the
merger consideration election process (including information regarding
proration in the event that either form of merger consideration is
over-subscribed) will be announced following the completion of the
merger.
North Fork is a regional bank holding company headquartered in New
York with approximately $58 billion in assets conducting commercial
and retail banking from 351 branch locations in the Tri-State area
with a complementary national mortgage banking business.
Statements in this news release that are not historical facts
should be considered forward-looking statements with respect to North
Fork. Forward-looking statements of this type speak only as of the
date of this report. By nature, forward-looking statements involve
inherent risk and uncertainties. Various factors, including, but not
limited to, unforeseen local, regional, national or global events,
economic conditions, asset quality, interest rates, loan demand,
changes in business or consumer spending, borrowing or savings habits,
deposit growth, adequacy of the reserve for loan losses, competition,
stock price volatility, government monetary policy, anticipated
expense levels, changes in laws and regulations, the level of success
of the company's asset/liability management strategies as well as its
marketing, product development, sales and other strategies, the effect
of changes in accounting policies and practices, as may be adopted by
the regulatory agencies as well as the Financial Accounting Standards
Board and other accounting standard setters, the costs and effects of
litigation and of unexpected or adverse outcomes in such litigation,
matters related to the proposed transaction between Capital One and
North Fork (including, among others, receipt of regulatory approvals,
risks related to integration issues, and cost and revenue synergies)
and changes in the assumptions used in making the forward-looking
statements, could cause actual results to differ materially from those
contemplated by the forward-looking statements. North Fork undertake
no obligation to update or revise forward-looking statements to
reflect subsequent circumstances, events or information or for any
other reason.