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): July 20, 2009
PROVIDENT NEW YORK BANCORP
(Exact Name of Registrant as Specified in Charter)
| | | | |
| Delaware | | 0-25233 | | 80-0091851 |
| (State or Other Jurisdiction) | | (Commission File No.) | | (I.R.S. Employer |
| of Incorporation) | | | | Identification No.) |
| | |
| 400 Rella Boulevard, Montebello, New York | | 10901 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (845) 369-8040
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| Item 7.01. | Regulation FD Disclosure |
July 17, 2009, Provident New York Bancorp (the “Company”) hosted a conference call to discuss the Company’s third quarter results. In response to questions asked the Company is furnishing the following additional information with respect to real estate acquisition, development and construction loans (“ADC”) and commercial real estate loans (“CRE”).
| | | |
| ADC portfolio - in millions |
| |
ADC Loan Portfolio 10/1/2008 | | $ | 171 |
| | | |
$ Advanced NEW Loans | | | 18 |
$ Advanced Seasoned Loans | | | 26 |
| | | |
Total Advanced | | | 44 |
Charge-offs | | | 1 |
NEW Loan Pay-downs | | | 1 |
Seasoned Loan Pay-down | | | 23 |
ADC Loan Portfolio 06/30/2009 | | $ | 190 |
Commercial Mortgage Property Type Distribution (6/30/2009)
| | | |
Multifamily/residential | | 18 | % |
Retail | | 9 | % |
Industrial & Warehouse | | 8 | % |
Office | | 8 | % |
Medical | | 12 | % |
Diversified C&I uses | | 25 | % |
Seasoned Loan < $500,000 | | 20 | % |
The information contained in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in filings under the Securities Act of 1933.
SIGNATURES
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.
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| | | | PROVIDENT NEW YORK BANCORP |
| | | |
| DATE: July 20, 2009 | | | | By: | | /s/ Daniel Rothstein |
| | | | | | Daniel Rothstein |
| | | | | | Executive Vice President and Chief Risk Officer |
