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

MONTEBELLO, NY--(Marketwire - Oct 28, 2011) - On October 27, 2011, the Board of Directors of Provident New York Bancorp (NASDAQ: PBNY), the parent company of Provident Bank, declared a quarterly cash dividend of $0.06 per share. The dividend is payable November 17, 2011 to holders of record as of November 7, 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 36 branches that serve the Hudson Valley region including three Commercial Banking Centers in Westchester County, and two Commercial Banking Centers 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.