New York Community Bancorp 40.625M Share Stock Offering @$16.00/Share

New York Community Bancorp, Inc. NYCB, the parent company for New York Community Bank and New York Commercial Bank, this evening announced the pricing of its previously announced follow-on offering of shares of its common stock. The Company will offer 40,625,000 shares of its common stock at a price to the public of $16.00 per share, and will receive net proceeds of approximately $630.5 million after deducting underwriting discounts and commissions. The Company intends to use a substantial portion of the net proceeds from the offering to make a capital contribution to New York Community Bank and the remainder for general corporate purposes, including the payment of dividends. The offering will raise an amount approximately See full press release