Independence Community Bank Corp. Announces Results of Its Annual Meeting of Stockholders
May 27 2005 - 9:28AM
PR Newswire (US)
Independence Community Bank Corp. Announces Results of Its Annual
Meeting of Stockholders BROOKLYN, N.Y., May 27
/PRNewswire-FirstCall/ -- Independence Community Bank Corp. (the
"Company") (NASDAQ:ICBC) announced that Messrs. Willard N. Archie,
Robert B. Catell, Harry P. Doherty and John R. Morris were
re-elected as directors, each for a three year term, at the
Company's annual meeting of stockholders held yesterday.
Stockholders also approved the 2005 Stock Incentive Plan and
ratified the selection of Ernst & Young LLP as the Company's
independent auditors for the fiscal year ending December 31, 2005.
Independence Community Bank Corp. is the holding company for
Independence Community Bank. The Bank, originally chartered in
1850, currently operates 123 branches located in the greater New
York City metropolitan area, which includes the five boroughs of
New York City, Nassau and Suffolk Counties and New Jersey. At its
banking offices located on Staten Island, the Bank conducts
business as SI Bank & Trust, a division of Independence
Community Bank. The Bank has three key business divisions:
Commercial Real Estate Lending, Consumer Banking and Business
Banking and is actively targeting small and mid-size businesses.
The Bank maintains its community orientation by serving its urban
communities with a wide range of financial products and by
emphasizing customer service, superior value and convenience. The
Bank's web address is http://www.myindependence.com/ . Statements
contained in this news release which are not historical facts are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from those currently
anticipated due to a number of factors. Factors which could result
in material variations include, but are not limited to, changes in
interest rates which could affect net interest margins and net
interest income; competitive factors which could affect net
interest income and non-interest income, general economic
conditions which could affect the volume of loan originations,
deposit flows, real estate values, the levels of non-interest
income and the amount of loan losses as well as other factors
discussed in documents filed by the Company with the Securities and
Exchange Commission from time to time. The Company undertakes no
obligation to update these forward-looking statements to reflect
events or circumstances that occur after the date on which such
statements were made. DATASOURCE: Independence Community Bank Corp.
CONTACT: Kathleen A. Hanrahan, First Vice President,
+1-718-722-5400, or Frank W. Baier, Chief Financial Officer,
+1-718-923-3506, both of Independence Community Bank Corp. Web
site: http://www.myindependence.com/
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