Northfield Bancorp, Inc. Announces Stockholder Approval of Plan of Conversion and Reorganization
September 27 2010 - 4:19PM
Northfield Bancorp, Inc. (Nasdaq:NFBK), a federal corporation and
the stock holding company for Northfield Bank, announced today that
its stockholders have approved Northfield Bancorp, MHC's Plan of
Conversion and Reorganization (the "Plan") providing for the
Company's conversion from a mutual holding company to stock holding
company.
The Plan also requires the approval of the members of
Northfield Bancorp, MHC. Northfield Bancorp, MHC has adjourned its
special meeting of members until 2:00 p.m., September 30, 2010 to
permit more time to solicit additional proxies.
John W. Alexander, Chairman, President, and Chief
Executive Officer of Northfield Bancorp, Inc. stated, "We
appreciate the support of our stockholders in approving our
Plan. Northfield Bancorp, MHC members that have voted have
also been extremely supportive, and we expect the Plan to be
approved at the September 30 meeting."
This press release contains certain forward-looking statements
about the conversion and reorganization. Forward-looking
statements include statements regarding anticipated future events
and can be identified by the fact that they do not relate strictly
to historical or current facts. They often include words such
as "believe," "expect," "anticipate," "estimate," and "intend" or
future or conditional verbs such as "will," "would," "should,"
"could," or "may." Forward-looking statements, by their
nature, are subject to risks and uncertainties. Certain
factors that could cause actual results to differ materially from
expected results include, but are not limited to, delays in
consummation of the transactions contemplated by the Plan of
Conversion and Reorganization, difficulties in selling the
conversion stock or in selling the conversion stock within the
expected time frame, increased competitive pressures, changes in
the interest rate environment, general economic conditions or
conditions within the securities markets, and legislative and
regulatory changes that could adversely affect the business in
which Northfield Bancorp, Inc. and its subsidiaries are
engaged.
A registration statement relating to these securities
has been filed with the United States Securities and Exchange
Commission. This press release is neither an offer to sell nor
a solicitation of an offer to buy common stock. The offer is
made only by means of the written prospectus forming part of the
registration statement.
The shares of common stock are not savings accounts or
savings deposits, may lose value and are not insured by the Federal
Deposit Insurance Corporation or any other government
agency.
CONTACT: Northfield Bancorp, Inc.
Steven M. Klein, Chief Financial Officer
(732) 499-7200 ext. 2510
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