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UNITED STATES
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) August 18, 1998
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QUEENS COUNTY BANCORP, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22278 06-1377322
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
38-25 Main Street, Flushing, New York 11354
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(Address of principal executive offices)
(Registrant's telephone number, including area code) (718) 359-6400
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Not applicable
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(Former name or former address, if changed since last report)
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CURRENT REPORT ON FORM 8-K
Item 1. Changes in Control of Registrant
Not applicable.
Item 2. Acquisition or Disposition of Assets
Not applicable.
Item 3. Bankruptcy or Receivership
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant
Not applicable.
Item 5. Other Events
Queens County Bancorp, Inc. (the "Company"), a Delaware corporation,
has declared a three-for-two stock split in the form of a 50% stock
dividend, payable on September 29, 1998 to shareholders of record on
September 15, 1998. Cash in lieu of fractional shares will be based on
the average of the high and low bids on that date, as adjusted for the
split.
Item 6. Resignations of Registrant's Directors
Not applicable.
Item 7. Financial Statements and Exhibits
(a) No financial statements of businesses acquired are required.
(b) No pro forma financial information is required.
(c) Attached as an exhibit is the Company's press release announcing
the three-for-two stock split in the form of a 50% stock
dividend.
Item 8. Change in Fiscal Year
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S
Not applicable.
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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.
August 18, 1998 QUEENS COUNTY BANCORP, INC.
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Date
/s/ Joseph R. Ficalora
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Joseph R. Ficalora
Chairman, President, and
Chief Executive Officer
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QUEENS COUNTY BANCORP, INC. NEWS RELEASE
Release Date: August 19, 1998 Contact: Ilene A. Angarola
Vice President
Investor Relations
718: 359-6401, ext. 275
QUEENS COUNTY BANCORP ANNOUNCES 3-FOR-2 STOCK SPLIT
Flushing, New York, August 19, 1998 -- The Board of Directors of Queens County
Bancorp, Inc. (Nasdaq: QCSB) today announced the declaration of a three-for-two
stock split in the form of a 50% stock dividend, payable on September 29, 1998.
Shareholders will receive one additional share for every two shares held at the
record date, September 15, 1998. Cash paid in lieu of fractional shares will be
based on the average of the high and low bids on that date, as adjusted for the
split.
"This is the fifth stock split declared by the Board since 1994," noted
Chairman, President, and Chief Executive Officer, Joseph R. Ficalora, "an
indication of our continued confidence in the Company's earning capacity. Like
our earlier splits, this one is intended to increase our liquidity in the
market. The Company currently has 14.8 million shares outstanding; following the
split, that number will increase to approximately 22.2 million."
Queens County Bancorp is the holding company for Queens County Savings Bank, the
first savings bank chartered by the State of New York in the New York City
Borough of Queens. The Bank gathers deposits from its customers in Queens and
Nassau County and invests these funds in the origination of residential mortgage
loans throughout metropolitan New York. The Company last month reported second
quarter 1998 cash earnings of $10.5 million, equivalent to $0.76 in diluted cash
earnings per share. The $10.5 million represents a cash return on average assets
of 2.57% and a cash return on average stockholders' equity of 25.71%. Additional
information about the Company and its financial performance is available at
www.qcsb.com
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