Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) On December 18, 2012, the Honorable Guy V. Molinari notified the Boards of Directors (the "Boards") of New York Community Bancorp, Inc. (the "Company") and its principal subsidiaries, New York Community Bank (the "Community Bank") and New York Commercial Bank (together, the "Banks"), that he was retiring as a member of the respective Boards, effective immediately.

Mr. Molinari's service to the Community Bank began on January 1, 2002, when he joined the Board of its Richmond County Savings Bank Division. On January 1, 2004, Mr. Molinari was named to the Boards of the Company and the Community Bank, and served as a valued member of the Investment Committee and the Nominating and Corporate Governance Committees of the Boards from that date forward. When New York Commercial Bank was established on December 30, 2005, Mr. Molinari became a member of its Board of Directors, as well as its Investment and Nominating and Corporate Governance Committees.

Reflecting his lifelong involvement in, and commitment to, Staten Island, Mr. Molinari will continue to serve on the Richmond County Savings Bank Divisional Board.

Mr. Molinari's retirement is not due to any disagreement with the Company or the Banks or concerns relating to their operations, policies, or practices.

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