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QUEENS COUNTY
BANCORP, INC.                                             NEWS RELEASE

38-25 MAIN ST., FLUSHING, N.Y. 11354 - 718 359-6400
FAX # 718 762-6000

Release Date:                             Contact:
              August 26, 1997                       Ilene A. Angarola
                                                    Vice President 
                                                    Investor Relations 
                                                    718:  359-6400, ext. 275






             QUEENS COUNTY BANCORP ANNOUNCES 3-FOR-2 STOCK SPLIT



Flushing, New York, August 26, 1997 -- The Board of Directors of Queens County
Bancorp, Inc. (Nasdaq: QCSB) today declared a three- for-two stock split in the
form of a 50% stock dividend, payable on October 1, 1997.  Shareholders will
receive one additional share for every two shares held at the record date,
September 10, 1997.  Cash paid in lieu of fractional shares will be based on
the average of the high and low bids on that date, as adjusted for the split.

Announcing the Board's action, Chairman, President, and Chief Executive Officer
Joseph R. Ficalora noted that "the Company's strong performance has enabled us
to declare a split four times in the past three years.  Much like the splits
that came before, this one is intended to enhance our overall liquidity in the
market, and demonstrates our continued confidence in the Company's earnings
capacity."  Currently, the Company has approximately 10.1 million shares
outstanding; following the split, that number will rise to approximately 15.1
million.

Queens County Bancorp is the holding company for Queens County Savings Bank,
the first savings bank chartered by the State of New York in the New York City
Borough of Queens.  FDIC-insured through the Bank Insurance Fund, the Bank
gathers deposits from its customers in Queens and Nassau County and invests
these funds in the origination of residential mortgage loans throughout
metropolitan New York.  Information about the Company's financial performance
is available at the following web site:
http://www.businesswire.com/cnn/qcsb.htm

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