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Northfield Bancorp, Inc. Announces $0.06 Quarterly Dividend And Executive Officer Promotions

Stocks in this article: NFBK

WOODBRIDGE, N.J., Jan. 28, 2013 (GLOBE NEWSWIRE) -- NORTHFIELD BANCORP, INC . (Nasdaq:NFBK), the holding company for Northfield Bank, reported that the Board of Directors declared a $0.06 per share cash dividend, payable on February 25, 2013, to stockholders of record on February 11, 2013. 

John W. Alexander, Chairman and Chief Executive Officer, commented, "With our strong 2012 financial performance and the recent successful completion of our stock offering, I'm pleased to announce our first dividend payment as a fully public company, and our sixteenth since our initial public offering in 2007."

The Company also announced promotions within its management team.  Effective February 1, 2013, Steven M. Klein will be appointed President of the Company and Northfield Bank and William R. Jacobs will be promoted to Chief Financial Officer of both entities. Mr. Klein, 47, joined the Company in 2005 and has served as Chief Financial Officer since that time. He was also named Chief Operating Officer in March 2011 and will retain that title. Mr. Jacobs, 39, has served as Controller since joining the Company in 2006. In 2012, Mr. Jacobs was named Principal Accounting Officer. Mr. Alexander will remain Chairman and Chief Executive Officer of both the Company and the Bank.

Mr. Alexander further commented, "Steve's demonstrated leadership at Northfield, his over two decade experience in community banking, and his involvement in the industry make him well-qualified to be our President. Steve has played an important role in the Company's evolution from a mutual bank to a fully public company and will play a vital role in the future success of our organization."

Mr. Alexander added, "Bill Jacobs joined Northfield before we became a public company and he has been intimately involved from the time of our initial IPO in 2007 through the completion of our recent second step offering. In addition to his significant experience with Northfield, he has an extensive background in financial, accounting, and risk management."

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