Item 8.01 Other Events

(b) New York Community Bancorp, Inc. (the "Company") acknowledges the filing of a Form 4 with the Securities and Exchange Commission by Thomas R. Cangemi, its Senior Executive Vice President and Chief Financial Officer, to report the sale of 307,700 shares of the Company's common stock on November 21, 2008. Mr. Cangemi reported on his Form 4 that the shares had been pledged against a margin loan and were sold to reduce the amount of the margin loan and the risk of a margin call.

Mr. Cangemi continues to beneficially own, or have rights under various plans to, 636,702 shares of the Company's common stock, including shares that remain pledged to secure $1.79 million of margin indebtedness.

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