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
________________
December 17, 1996
Date of Report (Date of Earliest Event Reported)
NORTH FORK BANCORPORATION, INC
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Exact Name of Registrant as Specified in Charter
Delaware 0-1280 36-315468
---------------- ---------------- ------------------
(State or Other (Commission File (I.R.S. Employer
Jurisdiction Number) Identification No.)
of Incorporation)
275 Broad Hollow Road
Melville, New York
(Address of Principal Executive Offices)
11747
(Zip Code)
(516) 298-5000
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Financial Statements of the Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
99.1 Press Release of North Fork
Bancorporation, Inc., dated December 17,
1996.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
NORTH FORK BANCORPORATION, INC.
By: /s/ Daniel M. Healy
----------------------------
Name: Daniel M. Healy
Title: Executive Vice President
and Chief Financial Officer
Date: December 17, 1996
EXHIBIT 99.1
[NORTH FORK BANCORP LETTERHEAD]
NORTH FORK BANCORP
275 BROAD HOLLOW RD., MELVILLE, NY 11747 (516) 298-5000
FAX (516) 694-1536
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT: DANIEL M. HEALY
EXECUTIVE VICE
PRESIDENT & CHIEF FINANCIAL
OFFICER
NORTH FORK BANCORPORATION RECEIVES
REGULATORY APPROVALS TO ACQUIRE
NORTH SIDE SAVINGS BANK
MELVILLE, N.Y. - DECEMBER 17, 1996 - NORTH FORK
BANCORPORATION, INC. (NYSE: NFB) announced that it had received
the regulatory approvals from the Federal Deposit Insurance
Corporation and the New York State Banking Department necessary
to acquire North Side Savings Bank. The shareholders of both
companies approved the merger at their respective special
shareholder meetings on November 18, 1996. Based on the exchange
ratio of 1.556 shares for each share of North Side common stock,
approximately 7.2 million shares of its common stock will be
issued in connection with the merger. The merger will be
accounted for as a pooling of interests transaction for financial
reporting purposes. "This acquisition, that we expect to
enhance earnings, will enable North Fork to bring a broader array
of commercial bank products to the communities serviced by North
Side." stated John Adam Kanas, Chairman, President and Chief
Executive Officer.
North Fork, when combined with North Side will have total
assets and deposits of $5.8 billion and $4.5 billion,
respectively, and will operate through 82 branch locations in the
New York Metropolitan area. Thomas M. O'Brien, Chairman,
President and Chief Executive Officer of North Side, who will
join North Fork as a Vice Chairman of its Board of Directors,
stated, "The merger is the culmination of a distinguished and
successful history for North Side Savings Bank. We believe that
we have achieved our goal in maximizing shareholder investment
return with this transaction while expanding services to our
customers."
It is expected that the closing will take place on December
31, 1996. Separately, North Fork is considering offering
approximately $100 million in trust preferred stock which would
be expected to qualify as Tier 1 capital. Such securities, if
offered, would not be registered under the Securities Act of 1933
and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements. Should North Fork proceed with the offering, it is
expected that it would close on or prior to December 31, 1996.
However, there can be no assurance as to whether or when the
offering will take place.
