ITEM 8.01 OTHER EVENTS
On December 2, 2008, the registrant issued a press release announcing a 10%
stock dividend and a stock repurchase program. A copy of the press release is
attached hereto as Exhibit 99.1 to the Current Report on Form 8-K.
This Current Report on Form 8-K contains forward-looking statements made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements relate to future events or our future
financial performance. We have attempted to identify forward-looking statements
by terminology including "anticipates," "believes," "can," "continue," "could,"
"estimates," "expects," "intends," "may," "plans," "potential," "predicts,"
"should" or "will" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors, that may cause our or the banking
industry's actual results, level of activity, performance or achievements to be
materially different from any future results, level of activity, performance or
achievements expressed or implied by these forward-looking statements. Factors
that may cause actual results to differ materially from those contemplated by
such forward-looking statements include, but are not limited to, material
adverse changes in the Company's operations or earnings, or a decline in the
economy in the New York Metropolitan area. Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we
cannot guarantee future results, levels of activity, performance or
achievements.