Northfield Bancorp, Inc. Postpones Stock Offering

Northfield Bancorp, Inc. (Nasdaq: NFBK), a federal corporation and the stock holding company for Northfield Bank, announced today that Northfield Bancorp, Inc., the recently formed Delaware corporation and proposed new holding company for Northfield Bank, has postponed its stock offering in connection with the second-step conversion of Northfield Bancorp, MHC due to current unfavorable market conditions.John W. Alexander, Chairman and Chief Executive Officer commented: "Since we began our offering earlier this year, market conditions for financial stocks, including second-step conversions, have weakened substantially, resulting in lower appraisal levels and decreased investor demand. Our Board of Directors continues to believe that the stock holding company structure will best position Northfield to execute its long-term business strategy, and will continue to evaluate market conditions for second-step conversions in the future."Mr. Alexander continued: "Northfield Bancorp, Inc. and Northfield Bank remain very well capitalized and the postponement of the offering should not affect the execution of our current business plan."In accordance with regulatory requirements, all persons who submitted orders in the subscription and community offerings will have their subscriptions cancelled and funds returned with interest or deposit holds released.Northfield Bancorp, Inc. also announced that the members of Northfield Bancorp, MHC had approved the Plan of Conversion and Reorganization.