ICBC Independence Community Bank (MM)

Independence Community Bank Corp. Announces Increase in Quarterly Cash Dividend BROOKLYN, N.Y., April 25 /PRNewswire-FirstCall/ -- Independence Community Bank Corp. (NASDAQ:ICBC), announced today that its Board of Directors has approved an increase in the quarterly cash dividend to $0.27 per share of common stock from the most recent quarterly dividend of $0.26 per share. The new dividend will be payable on May 25, 2005 to stockholders of record at the close of business on May 11, 2005. Independence Community Bank Corp. is the holding company for Independence Community Bank. The Bank, originally chartered in 1850, currently operates 122 full service branches located in the greater New York City metropolitan area, which includes the five boroughs of New York City, Nassau, Suffolk and Westchester Counties, and New Jersey. On Staten Island, the Bank's twenty-one branch offices operate as SI Bank & Trust, a division of Independence Community Bank. The Bank has three key business divisions: Commercial Real Estate Lending, Consumer Banking and Business Banking and is actively targeting small and mid-size businesses. The Bank maintains its community orientation by serving urban communities a wide range of financial products and by emphasizing customer service, superior value and convenience. The Bank's web address is http://www.myindependence.com/. DATASOURCE: Independence Community Bank Corp. CONTACT: Kathleen Hanrahan, First Vice President, Investor Relations, +1-718-722-5400, or Frank Baier, Chief Financial Officer, +1-718-923-3506 both of Independence Community Bank Corp. Web site: http://www.myindependence.com/

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