Investors Bancorp, Inc Commences Firm Commitment Underwritten Offering at $10/Share

Investors Bancorp, Inc. (the "Company")

, an existing Delaware corporation, announced today that New Investors Bancorp, Inc. ("New Investors Bancorp"), the proposed holding company for Investors Bank, commenced the firm commitment underwritten offering portion of the second step conversion to sell shares of common stock not subscribed for in the subscription offering to the general public at $10.00 per share. RBC Capital Markets, Keefe, Bruyette & Woods, and Sandler O'Neill & Partners, L.P. are acting as joint book-running managers for the firm commitment underwritten offering. Barclays, Deutsche Bank Securities, and J.P. Morgan are acting as joint lead managers, and Sterne Agee and Boenning & Scattergood, Inc. are acting as co-managers for the firm commitment underwritten offering. On April 17, 2014, the Company announced an increase in the maximum purchase limitations for those persons who subscribed for the maximum purchase limit in the subscription offering (which expired April 11) and indicated on the stock order form a desire to purchase additional shares if the maximum purchase limits were increased. These persons are being resolicited, with a final submission deadline of the supplemental orders of 2:00 p.m. Eastern Standard Time, on April 24, 2014. Results of the subscription offering are expected to be announced shortly thereafter. All other eligible subscribers who properly completed and timely submitted a stock order form will be allocated the number of shares of common stock requested in their stock order form. The completion of the conversion and offering remains subject to, among other things, selling a minimum of 170,000,000 shares in the offering, and the receipt of the approval of the depositors of Investors Bank and of the stockholders of the Company.