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) - March 24, 1998
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, including area code: (516) 844-1004
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Item 5. Other Events
On March 24, 1998, North Fork Bancorporation, Inc. issued
a press release announcing that its Board of Directors approved a 25%
increase in its regular quarterly dividend and declared a three for two
split on its common stock.
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
March 24, 1998.
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EXHIBIT INDEX
Exhibit
Number Description
99 Press Release of North Fork Bancorporation, Inc., dated
March 24, 1998.
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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: March 24, 1998
NORTH FORK BANCORPORATION, INC.
By:/s/Daniel M. Healy
Daniel M. Healy
Executive Vice President and
Chief Financial Officer
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EXHIBIT 99
NORTH FORK BANCORP
275 Broad Hollow Rd., Melville, NY 11747 (516) 844-1004 FAX (516) 694-1536
PRESS RELEASE
FOR IMMEDIATE RELEASE Contact: Daniel M. Healy
Executive Vice President &
Chief Financial Officer
NORTH FORK BANCORPORATION ANNOUNCES
A 25% INCREASE IN DIVIDENDS AND
A THREE FOR TWO STOCK SPLIT
Melville, N.Y. - March 24, 1998 - The Board of Directors of North Fork
Bancorporation, Inc. (NYSE: NFB) announced that its Board of Directors
approved a 25% increase in its regular quarterly dividend and declared a
three for two split on its common stock.
The quarterly dividend was increased by 25% to $.1875 per share ($.125
per share post split) from $.15 per share on a pre-split basis. This
dividend payment will be made on a pre-split basis. Both the dividend
payment and the stock split will be made to shareholders of record on
April 24, 1998 and will be payable on May 15, 1998.
North Fork will have approximately 94 million pre-split shares
outstanding (or 141 million post-split) after the consummation of the merger
with New York Bancorp Inc which is expected to close on March 27, 1998. "We
believe this action is an appropriate reward for our shareholders as our
company continues to achieve superior financial returns" stated John Adam
Kanas, Chairman, President and Chief Executive Officer.
On a pro-forma basis, assuming the completion of New York Bancorp, North
Fork will have approximately $10.1 billion in assets and will operate from
more than 100 branch locations throughout the New York Metropolitan area and
Connecticut.
