FOR IMMEDIATE RELEASE
June 27, 2007

FOR FURTHER INFORMATION CONTACT:
Kevin M. McCloskey
Senior Vice President and Chief Operating Officer
Synergy Financial Group, Inc.
(800) 693-3838, extension 3292

                          SYNERGY FINANCIAL GROUP, INC.
                        INCREASES QUARTERLY CASH DIVIDEND

CRANFORD,  NEW  JERSEY,  JUNE 27,  2007 - John S.  Fiore,  President  and  Chief
Executive Officer of Synergy Financial Group, Inc.  (NASDAQ/Global Market: SYNF)
(the  "Company"),  the holding  company for Synergy  Bank and Synergy  Financial
Services,  Inc.,  announced  today that the  Company's  Board of  Directors  has
declared a  quarterly  cash  dividend of $0.07 per share,  an increase  from the
previous  quarterly  dividend of $0.06 per share.  The dividend  will be paid on
July 27, 2007 to stockholders of record on July 13, 2007.

In connection with the proposed acquisition of the Company by New York Community
Bancorp, Inc. (NYSE: NYB), and as previously  announced,  the Company's Board of
Directors  elected to reduce the payments that would have been due to them under
their  change-in-control   agreements  in  favor  of  increasing  the  Company's
quarterly  cash  dividends  during the period  preceding  the  completion of the
merger.  The merger is currently  expected to occur during the fourth quarter of
2007,  pending  approval  of the  Company's  shareholders  and  that of  certain
regulatory agencies.

Synergy  Financial  Group,  Inc.  is the holding  company  for Synergy  Bank and
Synergy  Financial  Services,  Inc. The Company is a financial  services company
that provides a  diversified  line of products and services to  individuals  and
small to mid-size businesses. Synergy offers consumer banking, mortgage lending,
commercial banking,  consumer finance,  Internet banking, and financial services
through a network of 20 branch offices located in Middlesex, Monmouth, and


Union counties in New Jersey.  An additional  branch office is scheduled to open
in Mercer County during the third quarter of 2007.

This press release does not constitute an offer to sell or a solicitation  of an
offer to buy any securities.  The proposed  transaction will be submitted to the
Company's stockholders for their consideration. New York Community Bancorp, Inc.
has filed a registration statement containing a proxy  statement/prospectus that
will  be  sent to the  Company's  stockholders,  and  other  relevant  documents
concerning  the  proposed  transaction,  with the U.S.  Securities  and Exchange
Commission (the "SEC"). The Company has filed and will continue to file relevant
documents concerning the proposed transaction with the SEC. WE URGE INVESTORS TO
READ THE REGISTRATION STATEMENT CONTAINING THE PROXY  STATEMENT/PROSPECTUS,  AND
ANY OTHER RELEVANT  DOCUMENTS FILED WITH THE SEC, BECAUSE THEY CONTAIN IMPORTANT
INFORMATION.

Investors will be able to obtain these documents free of charge at the SEC's web
site  (www.sec.gov).  In  addition,  documents  filed  with  the SEC by New York
Community  Bancorp,  Inc.  will be  available  free of charge from the  Investor
Relations  Department,  New York Community  Bancorp,  Inc., 615 Merrick  Avenue,
Westbury,  New York 11590.  Documents  filed with the SEC by the Company will be
available free of charge from the Corporate Secretary,  Synergy Financial Group,
Inc., 310 North Avenue East, Cranford, New Jersey 07016.

The  Company's  directors,  executive  officers,  and certain  other  members of
management  may be  soliciting  proxies  in  favor of the  transaction  from the
Company's  shareholders.   For  information  about  these  directors,  executive
officers,  and  members  of  management,  please  refer to the  Company's  proxy
statement for the 2007 Annual Meeting of Stockholders, which is available on its
web site and on the SEC's web site, and at the address provided in the preceding
paragraph.







SAFE HARBOR PROVISIONS OF THE PRIVATE LITIGATION REFORM ACT OF 1995

This release,  like other written and oral  communications  presented by Synergy
Financial Group, Inc. (the "Company") and its authorized  officers,  may contain
certain  forward-looking  statements  within the  meaning of Section  27A of the
Securities Act of 1933, as amended,  and Section 21E of the Securities  Exchange
Act of 1934, as amended.

The Company intends such forward-looking statements,  including those pertaining
to its pending  merger with and into New York  Community  Bancorp,  Inc.,  to be
covered by the safe harbor provisions for forward-looking  statements  contained
in the Private  Securities  Litigation Reform Act of 1995, and is including this
statement for purposes of said safe harbor provisions.

Forward-looking  statements,  which are  based on  certain  assumptions,  may be
identified by their  reference to future  periods.  Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of
the date of this release.  Except as required by applicable  law or  regulation,
the Company disclaims any obligation to update any forward-looking statements.

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