Northfield Bancorp, Inc. Announces Stockholder Approval Of Plan Of Conversion And Reorganization
AVENEL, N.J., Sept. 27, 2010 (GLOBE NEWSWIRE) -- Northfield Bancorp, Inc. (Nasdaq:NFBK), a federal corporation and the stock holding company for Northfield Bank, announced today that its stockholders have approved Northfield Bancorp, MHC's Plan of Conversion and Reorganization (the "Plan") providing for the Company's conversion from a mutual holding company to stock holding company.
The Plan also requires the approval of the members of Northfield Bancorp, MHC. Northfield Bancorp, MHC has adjourned its special meeting of members until 2:00 p.m., September 30, 2010 to permit more time to solicit additional proxies.
John W. Alexander, Chairman, President, and Chief Executive Officer of Northfield Bancorp, Inc. stated, "We appreciate the support of our stockholders in approving our Plan. Northfield Bancorp, MHC members that have voted have also been extremely supportive, and we expect the Plan to be approved at the September 30 meeting."This press release contains certain forward-looking statements about the conversion and reorganization. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include, but are not limited to, delays in consummation of the transactions contemplated by the Plan of Conversion and Reorganization, difficulties in selling the conversion stock or in selling the conversion stock within the expected time frame, increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in which Northfield Bancorp, Inc. and its subsidiaries are engaged.
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