EXHIBIT 99.1
PRESS RELEASE
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| Contact: | Donald Fleming |
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| Senior Vice President |
For release at 4:30 p.m |
| Contact #: | (718) 697-2813 |
ANNOUNCEMENT: | STATEN ISLAND BANCORP INC. DECLARES QUARTERLY CASH DIVIDEND |
Staten Island, New York – Staten Island Bancorp, Inc. (NYSE: SIB), (the “Company”), announced today that it’s Board of Directors declared a cash dividend of $0.13 per share on the Common Stock of the Company.
The dividend will be payable May 12, 2003 to the stockholders of record at the close of business on April 28, 2003.
Staten Island Bancorp, Inc. is the holding company for SI Bank & Trust. SI Bank & Trust was chartered in 1864 and currently operates 17 full service branches and three limited service branches on Staten Island, New York, three full service branches in Brooklyn, New York and 15 full service branches in New Jersey. SI Bank & Trust also operates SIB Mortgage Corp., a wholly owned subsidiary of SI Bank & Trust, which conducts business under the name of Ivy Mortgage in 42 states. On March 31, 2003, Staten Island Bancorp had $6.9 billion in total assets and $625.0 million of total stockholders’ equity.
