Provident New York Bancorp Prices Private Placement of Senior Notes

MONTEBELLO, NY--(Marketwired - Jun 27, 2013) - Provident New York Bancorp (NYSE: PBNY), the parent company of Provident Bank, today announced the pricing of $100 million of its 5.500% senior notes due 2018 at a price of 100% of the principal amount of the notes in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The sale of the notes is expected to close on July 2, 2013.

The notes have not been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Statements in this press release regarding the private offering of debt securities shall not constitute an offer to sell or a solicitation of an offer to buy any such securities.

About Provident New York Bancorp

Headquartered in Montebello, N.Y. Provident New York Bancorp is the holding company for Provident Bank, a growing financial services firm with $3.7 billion in assets that specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced relationship managers. Provident Bank offers a complete line of commercial, business, and consumer banking products and services.