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Northfield Bancorp, Inc.
Northfield Bancorp, Inc. Announces Stock Repurchase Program
AVENEL, N.J., Feb. 24, 2009 (GLOBE NEWSWIRE) -- Northfield Bancorp, Inc. (the "Company") (Nasdaq:NFBK), the holding company for Northfield Bank, reported, as previously announced in a filing with the U.S. Securities and Exchange Commission, on February 13, 2009, the Board of Directors of the Company authorized a stock repurchase program pursuant to which the Company intends to repurchase up to 2,240,153 shares, representing approximately 5% of its outstanding shares. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company's liquidity and capital requirements, and alternative uses of capital. Any repurchased shares will be held as treasury stock and will be available for general corporate purposes. The Company anticipates conducting such repurchases in accordance with a Rule 10b5-1 trading plan.