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

MONTEBELLO, NY--(Marketwire - Jul 28, 2011) - 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 August 18, 2011 to holders of record as of August 8, 2011.

Headquartered in Montebello, New York, Provident Bank, with $3.0 billion in assets, is the largest independent full-service community bank in the lower Hudson Valley. Provident Bank operates 35 branches that serve the Hudson Valley region including three Commercial Banking Centers in Westchester County, and one office in 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.