Article: NORTH SIDE SAVINGS BANK ISSUES STATEMENT

FLORAL PARK, N.Y., March 21 /PRNewswire/ -- In response to a securities law filing by New York Bancorp, Inc. which was received by North Side Savings Bank (Nasdaq: NSBK) yesterday, North Side said that it would regard any further significant accumulation of North Side shares by New York Bancorp (NYSE: NYB) as not in the best interests of North Side stockholders.

New York Bancorp disclosed in its filing that it owns approximately 7.8% of North Side's stock and that it intends to acquire up to 20% of North Side's stock. New York Bancorp also indicated that it is exploring the desirability of submitting a merger proposal to North Side.

North Side's Chairman and ...

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