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
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Date of Report (Date of Earliest Event Reported): October 16, 1998
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NORTH FORK BANCORPORATION, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-10458 36-3154608
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
275 Broad Hollow Road, Melville, New York 11747
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (516) 844-1004
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
North Fork Bancorporation, Inc., a Delaware corporation ("North
Fork"), announced on October 16, 1998 that it completed the sale of four of
its five Branford Savings Bank branches to Citizens Financial Group of
Providence. North Fork received a deposit premium of 9% or $6 million
related to the $67 million of deposits sold with the branches.
Simultaneously, North Fork changed the name of Branford Savings Bank to
Superior Savings of New England. North Fork's press release announcing the
asset sale is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
The following exhibit is filed as part of this report:
99.1 Press Release issued by North Fork
Bancorporation, Inc. on October 16, 1998.
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 hereunder duly authorized.
Dated: October 19, 1998
NORTH FORK BANCORPORATION, Inc.
By: /s/ Daniel M. Healy
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Name: Daniel M. Healy
Title: Executive Vice President and Chief
Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
99.1 Press Release issued by North Fork
Bancorporation, Inc. on October 16, 1998.
EXHIBIT 99.1
NORTH FORK BANCORP
Headquarters: 275 Broad Hollow Road, 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 BANCORP COMPLETES SALE OF
BRANFORD SAVINGS BANK BRANCHES
TO CITIZENS FINANCIAL GROUP
MELVILLE, N.Y. - OCTOBER 16, 1998 - NORTH FORK BANCORPORATION, INC.
(NYSE:NFB) announced today that it completed the sale of four of its five
Branford Savings Bank branches to Citizens Financial Group of Providence.
North Fork received a deposit premium of 9% or $6 million related to the
$67 million of deposits sold with the branches. Simultaneously, it changed
the name of Branford Savings Bank to Superior Savings of New England.
Superior will operate from its one remaining location in Branford,
Connecticut where it will conduct telemarket banking. "From Superior's
telephone center customers throughout New England will be able to bank
conveniently receiving highly competitive savings and time accounts with
many other commercial banking and investment products," stated John Adam
Kanas, Chairman, President and Chief Executive Officer.
North Fork, with total assets of approximately $10 billion, operates
over 100 branch locations throughout the New York Metropolitan area and
Connecticut.
