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) - December 10,
1997
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.)
275 Broad Hollow Road
Melville, New York 11747
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, includingarea code: (516) 844-1004
1
<PAGE>
ITEM 5. OTHER EVENTS
North Fork Bancorporation, Inc. issued a press release
announcing that it had sold through North Fork Capital Trust II,
a newly formed subsidiary, $100 million of 8% Capital
Securities. Salomon Smith Barney was the lead manager. The
Capital Securities will qualify as Tier I Capital under Federal
Reserve Board guidelines. The press release issued by the
Registrant described herein is attached hereto as Exhibit 99.1
and is hereby incorporated herein by reference in its entirety.
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 dated December 10, 1997
2
<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 hereunto duly authorized.
Date: December 10, 1997
NORTH FORK BANCORPORATION, INC.
By: /s/ Daniel M. Healy
Daniel M. Healy
Executive Vice President and
Chief Financial Officer<PAGE>
Exhibit
3
<PAGE>
99.1
FOR IMMEDIATE RELEASE Contact: Daniel M. Healy
Executive Vice President &
Chief Financial Officer
NORTH FORK BANCORPORATION COMPLETES
SALE OF $100 MILLION 8% CAPITAL SECURITIES DUE 2027
Melville, NY - December 10, 1997 North Fork Bancorporation, Inc.
(NYSE: NFB) announced today that it had sold through North Fork
Capital Trust II, a newly formed subsidiary, $100 million of 8%
Capital Securities. Salomon Smith Barney was the lead manager.
The proceeds will be used by the Trust to purchase from North
Fork 8% Junior Subordinated Debt Securities due December 15,
2027. The Capital Securities will qualify as Tier I Capital
under Federal Reserve Board guidelines. Keefe Bruyette and
Woods and Sandler O'Neill & Partners were co-managers. "It was
an opportune time for us to leverage off the strength of North
Fork's sound financial base and the prevailing favorable
interest rate environment" stated John A. Kanas, Chairman,
President & Chief Executive Officer of North Fork. "It insures
added flexibility as we pursue opportunities for further
growth," he said.
In other developments, North Fork announced that the acquisition
of Branford Savings Bank, will be completed before year end, and
the proposed acquisition of New York Bancorp, the parent of Home
Federal Savings Bank, is expected to close in the first quarter
of 1998. Assuming consummation of both acquisitions, as of
September 30, 1997 North Fork would have approximately $10.1
billion in assets. Its branch locations will exceed 100
throughout New York and Connecticut. Its Tier I, total capital
and leverage ratios, including the proceeds from the Capital
Securities sold today will improve to 14.77%, 15.98% and 8.24%,
respectively.
