Synergy Financial Group, Inc. Declares Special Cash Dividend
September 18 2007 - 4:12PM
PR Newswire (US)
CRANFORD, N.J., Sept. 18 /PRNewswire-FirstCall/ -- John S. Fiore,
President and Chief Executive Officer of Synergy Financial Group,
Inc. (NASDAQ:SYNF) (the "Company"), the holding company for Synergy
Bank and Synergy Financial Services, Inc., announced today that the
Company's Board of Directors has declared a special cash dividend
of $0.01 per share. The dividend will be paid on October 12, 2007
to stockholders of record on September 28, 2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040128/SYNFDLOGO) In
connection with the proposed acquisition of the Company by New York
Community Bancorp, Inc. (NYSE:NYB), and as previously announced,
the Company's Board of Directors elected to reduce the payments
that would have been due to them under their change-in-control
agreements in favor of the payment of cash dividends to
stockholders. This special cash dividend represents the final
payment in connection with this election. Synergy Financial Group,
Inc. is the holding company for Synergy Bank and Synergy Financial
Services, Inc. The Company is a financial services company that
provides a diversified line of products and services to individuals
and small to mid-size businesses. Synergy offers consumer banking,
mortgage lending, commercial banking, consumer finance, Internet
banking, and financial services through a network of 21 branch
offices located in Mercer, Middlesex, Monmouth, and Union counties
in New Jersey. Safe Harbor Provisions of the Private Litigation
Reform Act of 1995 This release, like other written and oral
communications presented by Synergy Financial Group, Inc. (the
"Company") and its authorized officers, may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Company intends
such forward-looking statements, including those pertaining to its
pending merger with and into New York Community Bancorp, Inc., to
be covered by the safe harbor provisions for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995, and is including this statement for purposes of said
safe harbor provisions. Forward-looking statements, which are based
on certain assumptions, may be identified by their reference to
future periods. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of the
date of this release. Except as required by applicable law or
regulation, the Company disclaims any obligation to update any
forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20040128/SYNFDLOGO
http://photoarchive.ap.org/ DATASOURCE: Synergy Financial Group,
Inc. CONTACT: Kevin M. McCloskey, Senior Vice President and Chief
Operating Officer, Synergy Financial Group, Inc., +1-800-693-3838,
extension 3292 Web site: http://www.synergyonthenet.com/
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