Filed by North Fork Bancorporation, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
Subject Company: Dime Bancorp, Inc.
Commission File No. 001-13094
FOR IMMEDIATE RELEASE INVESTOR: DANIEL M. HEALY
EXECUTIVE VICE PRESIDENT
CHIEF FINANCIAL OFFICER
516-844-1258
PRESS: KEKST AND COMPANY
ROBERT D. SIEGFRIED
212-521-4832
NORTH FORK DISPUTES DIME ASSERTIONS
MELVILLE, N.Y. - MARCH 16, 2000 - NORTH FORK BANCORPORATION, INC.
(NYSE:NFB) Chairman, President and Chief Executive Officer John Adam Kanas,
commented that "We, along with all Dime shareholders, anxiously await the vote
scheduled for next Friday. We are hopeful that the Dime- Hudson United merger
will be defeated at that time."
Kanas went on to say that "Should the Dime-Hudson merger be turned
down, the major condition of North Fork's offer will have been removed. Then the
shareholders will have sent an unequivocal message to Dime executives and their
board that our proposal is not at all hostile to Dime shareholder interests."
He also said that "Dime's comment yesterday that in 1998 North Fork and
Dime had 'mutually decided that a combination did not make sense,' is patently
untrue."
In addition, in response to recent media inquiries, North Fork
reiterated its determination to acquire Dime and said that while it intends to
remain flexible with respect to that effort, North Fork is not considering
raising its bid at this time or bidding for the combined Dime-Hudson United.
Yesterday, North Fork filed its application with the Federal Reserve
seeking approval to acquire control of Dime.
Investors and security holders are advised to read North Fork's proxy statement
with respect to North Fork's solicitation of proxies against the proposed
Dime/Hudson merger and North Fork's registration statement with respect to its
exchange offer for Dime common stock, each as filed with the Securities and
Exchange Commission, because each of these documents contains important
information. Investors and security holders may obtain a free copy of the proxy
statement, the exchange offer registration statement and other documents filed
by North Fork with the SEC at the SEC's Internet web site at www.sec.gov. The
proxy statement, the exchange offer registration statement and such other
documents may also be obtained free of charge by overnight mail or direct
electronic transmission by calling D.F. King & Co., Inc. toll-free at
1-800-755-7250.
North Fork, its directors and executive officers and certain other persons may
be deemed to be "participants" in North Fork's solicitation of proxies from Dime
stockholders. A detailed list of the names, affiliations and interests of the
participants in the solicitation is contained in a statement on Schedule 14A
filed by North Fork with the Securities and Exchange Commission on March 7,
2000.
