Provident New York Bancorp Declares Quarterly Dividend of $0.06 Per Share

Provident New York Bancorp (NASDAQ: PBNY), the parent company of Provident Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable November 18, 2010 to holders of record as of November 8, 2010.

Headquartered in Montebello, New York, Provident Bank, with $3.0 billion in assets, is an independent full-service community bank. Provident Bank operates 35 branches that serve the Hudson Valley region and Bergen County, New Jersey. The bank offers a complete line of commercial, retail and investment management services. Visit the Provident Bank web site at www.providentbanking.com.