Exhibit 99.1

  New York Community Bancorp, Inc. and Synergy Financial Group, Inc.
 Announce Receipt of NYS Banking Department Approval of the Merger of
          Synergy Bank with and into New York Community Bank


    WESTBURY, N.Y. & CRANFORD, N.J.--(BUSINESS WIRE)--Sept. 26,
2007--New York Community Bancorp, Inc. (NYSE: NYB), the holding
company for New York Community Bank and New York Commercial Bank, and
Synergy Financial Group, Inc. (NASDAQ/Global Market: SYNF)
("Synergy"), the holding company for Synergy Bank, today announced
that the New York State Banking Department has approved the
acquisition of Synergy Bank by New York Community Bank.

    The acquisition has now received all the necessary regulatory
approvals and was approved by Synergy's shareholders earlier this
month. As a result, the acquisition has been scheduled for completion
on the morning of October 1, 2007, at which time Synergy will merge
with and into New York Community Bancorp and Synergy Bank will
commence operations as a division of New York Community Bank.

    Under the terms of the Agreement and Plan of Merger, Synergy
shareholders will receive 0.80 of a share of New York Community
Bancorp, Inc. stock for each share of Synergy held at the effective
date of the merger, and cash in lieu of any fractional share based on
the closing price of New York Community Bancorp stock on September 27,
2007. Upon completion of the transaction, New York Community Bancorp,
Inc. will have approximately 324 million outstanding shares of common
stock.

    New York Community Bancorp, Inc.

    New York Community Bancorp, Inc. is the $29.6 billion holding
company for New York Community Bank and New York Commercial Bank, and
the leading producer of multi-family loans for portfolio in New York
City. With 159 offices currently serving customers in New York City,
Long Island, and Westchester County in New York, and Essex, Hudson,
Union, Monmouth, Middlesex, and Ocean Counties in New Jersey, New York
Community Bank is the fourth largest thrift depository in the New York
metropolitan region, and operates through eight local divisions:
Queens County Savings Bank, Roslyn Savings Bank, Richmond County
Savings Bank, Roosevelt Savings Bank, CFS Bank, First Savings Bank of
New Jersey, Ironbound Bank, and Penn Federal Savings Bank. New York
Commercial Bank has 38 branches serving Manhattan, Queens, Brooklyn,
Westchester County, and Long Island, including 19 branches of Atlantic
Bank. Additional information about New York Community Bancorp, Inc.
and its bank subsidiaries is available at www.myNYCB.com and
www.NewYorkCommercialBank.com.

    Synergy Financial Group, Inc.

    Synergy Financial Group, Inc. is the $932.5 million holding
company for Synergy Bank and Synergy Financial Services, Inc. The
Company provides a diversified line of products and financial services
to individuals and small to mid-size businesses through a network of
21 branch offices located in Mercer, Middlesex, Monmouth, and Union
counties in New Jersey. Additional information about Synergy Financial
Group, Inc. and its subsidiaries is available at
www.synergyonthenet.com.

    CONTACT: New York Community Bancorp, Inc.
             Ilene A. Angarola, 516-683-4420
             First Senior Vice President and Director,
             Investor Relations
             OR
             Synergy Financial Group, Inc.
             Kevin M. McCloskey, 800-693-3838, ext. 3292
             Senior Vice President and Chief Operating Officer