SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act
of 1934
Date of Report (Date of earliest event reported) - September 29,
1995
North Fork Bancorporation, Inc.
(Exact name of Registrant as specified in its charter)
Delaware 1-10458 36-3154608
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
9025 Main Road
Mattituck, New York 11952
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (516)
298-5000
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Item 5. Other Events
On September 29, 1995, North Fork Bancorporation, Inc. issued
a press release announcing that it had agreed to purchase the
ten Long Island branches of First Nationwide Bank. A copy of
such press release is attached hereto as Exhibit 99 and is
incorporated herein by reference.
Item 7. Financial Statement and Exhibits
(c) The following Exhibit is filed with this Current Report
on Form 8-K:
Exhibit
Number Description
99 Press Release of North Fork Bancorporation, Inc., dated
September 29, 1995.
<PAGE>
EXHIBIT INDEX
Exhibit
Number Description
99 Press Release of North Fork Bancorporation, Inc., dated
September 29, 1995.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
Date: September 29, 1995
NORTH FORK BANCORPORATION, INC.
By:/s/Daniel M. Healy
Daniel M. Healy
Executive Vice President and
Chief Financial Officer
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{NORTH FORK BANCORPORATION, INC. LOGO}
PRESS RELEASE
FOR IMMEDIATE RELEASE Contact: Daniel M. Healy
Executive Vice President &
Chief Financial Officer
NORTH FORK BANCORPORATION AGREES TO
PURCHASE FIRST NATIONWIDE BRANCHES ON LONG ISLAND
Melville, N.Y. - September 29, 1995 - North Fork Bancorporation,
Inc. (NYSE:NFB) announced today that it had agreed to purchase
the ten Long Island branches of First Nationwide Bank having
total deposits of approximately $590 million for $37.5 million
in cash or a deposit premium of 6.35%. Seven branches are
located in Suffolk County, two in Nassau County and one in
Queens County.
"We will acquire a deposit franchise with approximately 50,000
customers and locations that are complementary to our existing
network," stated John Adam Kanas, President, Chairman and Chief
Executive Officer. "This deposit acquisition will be
immediately accretive to our earnings," he said.
"The decision to sell these branches to North Fork will be a
benefit to our Long Island customers since North Fork offers an
extensive array of commercial banking products," stated Carl
Webb, President and Chief Operating Officer of First Nationwide.
"This sale is part of our plan to expand our California market
focus which includes the recent proposed acquisition of San
Francisco Federal," said Mr. Webb.
<PAGE>
On September 19, 1995, North Fork announced the proposed
acquisition of the domestic business of Extebank, a commercial
bank with total assets and deposits of $442 million and $396
million, respectively, for $47 million in cash or approximately
157% of book value. Extebank operates from a total of eight
locations on Long Island and in Manhattan.
Both North Fork transactions are subject to regulatory approval
and are expected to close in the first quarter of 1996.
Upon the consummation of these acquisitions North Fork will
have a branch network of 67 locations and total assets and
deposits of approximately $4 billion and $3.5 billion,
respectively. "We have remained prudent in our approach to
acquisitions," stated Mr. Kanas, "focusing on earnings accretion
and above average shareholder returns. Both of these purchases
are consistent with these goals," he stated.
North Fork Bancorporation, Inc. with total assets of $2.9
billion, deposits of $2.4 billion and stockholders' equity of
$285.9 million, or book value per share of $11.59, is the parent
company of North Fork Bank, the largest independent commercial
bank headquartered on Long Island. The Bank operates 49
branches in Suffolk, Nassau, Queens, Westchester and Rockland
Counties.
North Fork plans an analyst conference call on October 12, 1995
to elaborate on these acquisitions and other topical matters.
