Filed by New York Community Bancorp, Inc.
                           Pursuant to Rule 425 under the Securities Act of 1933
                                        and deemed filed pursuant to Rule 14a-12
                                          of the Securities Exchange Act of 1934

                               Subject Company: New York Community Bancorp, Inc.
                                                     Commission File No. 0-22278

          The following is a transcript of New York Community Bancorp, Inc.'s
(the "Company") conference call held on April 18, 2001 related to the Company's
release of its first quarter 2001 earnings:
                            1ST QUARTER 2001 EARNINGS
                           CONFERENCE CALL TRANSCRIPT

                                    2:30 P.M.
                                 APRIL 18, 2001

IAA:              Good afternoon, everyone, and welcome to New York Community
                  Bancorp's post-earnings conference call, which will be led by
                  Joseph Ficalora, our Chairman, President, and Chief Executive

                  Also with us today are Michael Lincks, Executive Vice
                  President and Secretary of the Company, and Robert Wann, our
                  Executive Vice President and Chief Financial Officer.

                  In addition to discussing highlights of this morning's 1st
                  Quarter 2001 earnings release, we'll be talking about our
                  earnings outlook for the remainder of this year, and touching
                  briefly upon our proposed merger with Richmond County
                  Financial Corp.

                  Obviously, some of these remarks will constitute
                  forward-looking statements, as defined in Section 27A of the
                  Securities Act of 1993, as amended, and Section 21E of the
                  Securities Exchange Act of 1934, as amended. We intend such
                  statements to be covered by the safe harbor provisions for
                  forward-looking statements contained in the Private Securities
                  Litigation Reform Act of 1995. Please see pages 6 and 7 of
                  this morning's earnings release for additional information
                  about the risk factors associated with these forward-looking
                  statements. If needed, a copy of the release is available at
                  our web site, www.myNYCB.com, or by calling the Investor
                  Relations Department at 516-683-4420.

                  As we would like to allow sufficient time to answer your
                  questions, I will now turn the call over to Mr. Ficalora.

JRF:              Thank you, Ilene.

                  Good afternoon.

                  I'd like to start by saying that our first quarter earnings
                  accomplished two objectives. First, they demonstrated our
                  ability to execute the strategy established at the time we
                  announced our purchase acquisition of Haven Bancorp. And
                  second, they signaled our expected direction for the
                  remainder of the year.

                                         - continued -
                  Looking at the first of these items, we reported first quarter
                  2001 earnings of $27.6 million, or $0.66 per share, which
                  included a non-recurring net gain of $10.3 million on the sale
                  of loans and securities.

                  You may recall that at the time we announced the Haven
                  acquisition, we indicated our intent of selling approximately
                  $1 billion of acquired assets. In the four months since the
                  acquisition was completed, we've actually disposed of $1.2
                  billion, supported, in part, by the favorable movement in
                  market interest rates.

                  Absent the gain, our core earnings rose to $17.4 million, or
                  $0.42 per share, which was slightly ahead of consensus. The
                  increase largely reflects significantly higher levels of net
                  interest income and other operating income, a slightly higher
                  than expected level of non-interest expense, and a lower-than-
                  expected effective tax rate.

                  During the quarter, we also completed the sale of CFS
                  Insurance Agency (without any impact on our performance), and
                  completed the conversion of CFS Bank's data processing system
                  into that of New York Community Bank. As our proposed merger
                  partner, Richmond County Financial Corp, uses the same d.p.
                  provider as we do, we would expect our next post-merger
                  conversion to be less complex than the conversion process we
                  completed in March.

                  These special items aside, the quarter was notable for the
                  extent to which we were able to capitalize on the increase in
                  low-cost deposits and current market conditions to implement
                  our asset and liability management strategies. In addition to
                  originating mortgage loans in the amount of $258 million,
                  primarily secured by multi-family buildings, we invested in
                  sequential CMOs with an average life of 3-1/2 and 1-1/2 years.
                  We also saw a substantial decline in our higher cost funding,
                  which is expected to continue, with approximately $1.2 billion
                  in CDs scheduled to reprice downward over the next 12 months.

                  As a result of our current strategies, and our expectation
                  that current market conditions will continue over the next few
                  quarters, we have increased our earnings projections for the
                  remainder of 2001.

                  At this time, and excluding any impact from our proposed
                  merger with Richmond County Financial, we currently anticipate
                  that our core diluted earnings per share for the twelve months
                  ended December 31, 2001 will range between $1.80 and $1.83 and
                  that our diluted cash earnings for the same period will range
                  between $2.38 and $2.41.
                  Incorporated into these estimates is the expectation that
                  operating expense will range between $17.0 million and $17.5
                  million per quarter for the remaining three quarters of this
                  year, and that our effective tax rate will range between 35%
                  and 36%. Without giving any specific estimates, we would
                  anticipate that net interest income, interest rate spread, and
                  net interest margin will benefit from the current interest
                  rate environment, and from our efforts to shorten our assets
                  and reduce our balance of higher cost funds. Similarly, we
                  would expect to see a strong level of other operating income,
                  stemming from fee income and product sales.

                  The combination of strong first quarter results and stronger
                  full-year expectations underscores the potential of our
                  proposed merger of equals with Richmond County Financial Corp.
                  As indicated in today's earnings release, we are currently in
                  the process of preparing the necessary filings, and look
                  forward to issuing our joint proxy/prospectus as soon as

                  On that note, I would like to open the discussion to your
                  questions, so please go ahead.


Operator:         Thank you. Today's question and answer session will be
                  conducted electronically. If you would like to ask a question
                  simply press the star key followed by the digit 1 on your
                  touch tone telephone. We will proceed in the order that you
                  signal us and will take as many questions as time permits.
                  Once again, if you would like to ask a question, simply press
                  the star key followed by the digit 1 on your touch tone
                  telephone and we'll pause for just a moment to assemble our


KS:               This is Kevin Schulzik. Hi Joe how are you?

JRF:              Hi Kevin how are you?

KS:               Not too bad. Quick question for you just on the earnings
                  guidance. $1.80 to $1.83 obviously the initial dilution from
                  the deal this year as it closes late in the third quarter is
                  not much so I would assume that you would feel comfortable
                  maybe more towards the lower end of that range initially now
                  on a pro forma basis. You can comment on that, but then also
                  if you could kinda speak how that changes on a going forward
                  basis to 2002 some of the projections you had laid out for us
                  in the pro formas for Richmond.

JRF:              Kevin, one of the things that we did before we even prepared
                  the release was we discussed with out bankers whether or not
                  each of the quarterly releases we would be doing would
                  explicitly cause us to change what we've put out into the
                  document to date, and the answer was that we should not be
                  changing what is already in the public sphere with regard to
                  the deal. The information with regard to each of our
                  individual banks, Richmond County and Queens County, would
                  give some additional guidance, I guess, to analysts and
                  investors that conceivably our numbers will be better than
                  what would have appeared in the document, but we are not going
                  to redress the document. In essence that document will need to
                  stand until the deal actually closes.

KS:               So in short it is up to us to kinda...

JRF:              That's right. I am sorry about that.

KS:               Thanks Joe.  Good quarter.

JRF:              Sure, thank you.


JRF:              Hi Jim.

JA:               Hey Joe, how are you?

JRF:              Good.  Very well.

JA:               Very nice quarter.

JRF:              Thank you.

JA:               Quick question with regards to some of the proposals that you
                  had suggested might come to fruition but it would be hard to
                  determine based on the level of demand. Do you see any luck at
                  all whatsoever in looking at trying to pair off some of the
                  supermarket branches in areas like Connecticut. I know we
                  discussed the possibility of doing in New Jersey and that may
                  have changed now that you have put yourself together with
                  Richmond County, but how about on the Connecticut branches?

JRF:              I think probably the best way to address that is that we've
                  been having on-going dialog with various people over the
                  course of the last several weeks and we are analyzing what in
                  fact would make the most sense. Given the opportunity to
                  consider whether we are expanding our franchise, there are
                  going to be branch locations that are becoming available as a
                  result of other transactions, there are going to be other
                  deals that are possible down the road and our particular
                  locations in places in Connecticut or New Jersey might have a
                  particular appeal to somebody else that would sit better with
                  them than it does with us. But I would not want to give you
                  the impression that we are absolutely certain as to the timing
                  or the particular locations that we might consider. We are
                  just being very open-minded about this at this time.

JA:               Okay, that sounds fair. One more quick one for you. Presumably
                  the borrowings are going to continue to ratchet down over

JRF:              Yes, we are very actively looking at that as we speak. The
                  opportunity to de-leverage the company is one of the things
                  that we are going to continue to pursue. We have not been at
                  this juncture actively de-leveraging. As you can see the
                  company has not been growing, but we've not been actively
                  de-leveraging. That is part of the next phase what we are
                  about to do.

JA:               Okay, and again thanks.

JRF:              You're quite welcome, Jim.

                  SOLOMON SMITH BARNEY.

JRF:              Hi Tom.

TO:               Hi Joe, how are you?

JRF:              Good.

TO:               An impressive quarter. I have a question on the margin.
                  Remarkably stable, actually went the right direction up a
                  basis point. You did comment on it, but it seems to me with
                  the repricing it should be going up significantly in the
                  coming quarters. Is that a fairly reasonable assumption to
JRF:              I think it is definitely reasonable. There is no question that
                  as the quarters go down the road it will in fact increase not
                  just for us but I would suspect for others, but no question
                  that the impact with regard to interest rates is going to be
                  ever more favorable as we go 1, 2, 3 quarters out.

TO:               The stability in the just completed quarter. What prompted
                  that? What caused that?

JRF:              The fact that it didn't change by as much is more driven by
                  the fact that we did not have a sizeable amount of liabilities
                  change at this time.

TO:               And then one other question if I could. The New York real
                  estate market, I know from the credit perspective you are in
                  very good shape, but are you seeing any weakness in the market
                  tied to the financial services industry at all, or any other

JRF:              We've not seen it at all as of yet but I would guess that what
                  we've been hearing about, you know, more broadly, would
                  suggest that real estate could soften in this market, but I do
                  not anticipate that that will have, as was the case in the
                  past, a material effect on the majority of our assets.

TO:               Okay, thanks very much.

JRF:              Surely.

                  LEHMAN BROTHERS.

JRF:              Hi Jack.

JP:               Joe how are you?

JRF:              Good, very well.

JP:               Looking at this the way I see it about sixty something percent
                  of your CDs are going to reprice in the next four quarters,

JRF:              Right.

JP:               What is the majority, the majority of those CDs what is the
                  term on those if you could kinda give us an idea what the
                  term is ... on that same kind of term rolling over.

JRF:              I think the remaining term is the only relevant piece because
                  in actuality as interest rates are moving down, depositors
                  typically opt for either savings accounts or shorter terms CDs
                  so the term they are coming out of is less relevant than the
                  remaining term. The good news I think for us is that it is
                  highly probable that all renewing CDs will renew at
                  substantially lower rates than their current rates. And then
                  again, this is not just unique to us. Most people who are
                  coming out of a CD that let's say was paying 6.25, 6.50 would
                  be more likely to go with a shorter term CD even though it's
                  paying a lesser rate and it's kinda like sticker shock, they
                  have to get used to it for a little bit. So, I would suspect
                  that our overall CD costing is going to go down rather nicely.

JP:               At this time you wouldn't want to quantify that?

JRF:              No.

JP:               Okay.

JRF:              No.

JP:               Okay.

JRF:              Okay.

                  FRIEDMAN, BILLINGS RAMSEY.

JRF:              Hi Scott.

SV:               Hi Joe.  How are you doing?  Congratulations.

JRF:              Thank you.

SV:               Great quarter, very strong. With the timing of the sale of the
                  assets was it front loaded or back loaded at all or was it
                  pretty even throughout the quarter.

JRF:              No, the sales were primarily at the end of the quarter. In
                  other words since those were mostly loan sales, that was all
                  being packaged and delivered at the very end of the quarter.

SV:               And also on the buy-back you were fairly ... you purchased a
                  fairly good amount of shares during the quarter.

JRF:              Right.

SV:               Any...is that going to continue you think, or were you trying
                  to retain capital.

JRF:              I think that, you know obviously we have a fairly longstanding
                  track record of being aggressive in the markets with regards
                  to shares. The first quarter had a tremendous amount of
                  extraordinary activity because of the transaction. The
                  transaction which is pending will likewise also give us an
                  opportunity to be aggressive in the markets with regard to
                  share buy-backs, so I'd say that our track record is probably
                  indicative of how we will approach capital in the future, and
                  the immediate transaction that would close by the third
                  quarter of this year, if anything, will be substantially
                  accretive to book and to our capital position.

SV:               Okay, and also, I don't have the presentation from the
                  Richmond County acquisition or merger of equals I should say.
                  What dollar amount of the goodwill, the cash add back under
                  the new proposed FASB rules, GAAP EPS?

JRF:              What dollar amounts? If under the new accounting we and they
                  were to have the benefit of the new accounting rules? Is that
                  what you are saying?

SV:               Just Queens County.  I am sorry New York Community Bancorp.

JRF:              Okay, I think that our GAAP number for the last transaction
                  for goodwill amortization is approximately $1.5 million a year
Background:       Per quarter.

JRF:              Per quarter. If it turns out that we are looking at having the
                  benefit of not having to price that our number does go up a
                  little bit. Probably in the range of ... It goes to...if you
                  look at... I am sorry you don't have the presentation, but on
                  page 16 of the presentation where it talks to the cash
                  earnings, that's probably where it goes to.

SV:               Okay.

JRF:              It actually has a line that deals with the numbers for the
                  year 2002 and 2001 and it deals with under the proposed GAAP
                  what that would change our earnings to.

SV:               Ok, great.  Thanks Joe.

Operator:         And just a reminder you if you would like to ask a question
                  please press the star key followed by the digit 1.

                  O'NEILL. PLEASE GO AHEAD.

JRF:              Hi John.

JK:               Hi, good afternoon. Just had a question about prepaid
                  penalties on your multi-family loans. I am just curious what
                  percentage of the loans have prepayment penalties and where
                  would that show up? Would that show up in fee income or in
                  your margins?

JRF:              It actually comes into the margins, the prepayment penalties
                  are in fact part of what we consider the earnings over the
                  term of the loan. We're looking at probably something in the
                  range of 95% or 98% of our loans are written with pre-payment
                  penalties. Extraordinarily high, I guess, in comparison to
                  many of our peers. Obviously since we are not portfolioing
                  ...one to four families for the most part it really does not
                  have any bearings.

JK:               Just kind of following up on that, what kind of prepayment
                  experience have you been seeing through the quarter on those

JRF:              So far it hasn't really been very much. It has been minimal so
                  far. You would expect though as interest rates continue to go
                  down, that will accelerate.

JK:               Great. Thanks a lot.

JRF:              Okay.

                  (SP.) & COMPANY. PLEASE GO AHEAD.

JRF:              Hello Theodore, how are you?

TC:               Joe, fine thank you and congratulations on a bang-up quarter.
                  A number of the questions I had have already been answered,
                  but I do have one with regard to your buy-back program. I know
                  that you are buying back your own stock, are you also at this
                  juncture buying back any of Richmond County?

JRF:              I think over the course of time we will be able to buy either
                  our stock or their stock. That was the same situation when we
                  did the Haven transaction. When in fact we are eligible to be
                  in a market we will buy either our stock or their stock
                  whichever is the best buy for the company.
TC:               Okay, great, and then in your release you make a comment about
                  ... based on interest rate prognosis. I am not gonna ask you
                  whether you thought that Mr. Greenspan was going to act
                  earlier today, but what do you see six months out, etc.

JRF:              I would guess that our expectations are that interest rates
                  are going to continue to come down and that we are likely to
                  have a clearly extended period of a slowing of the economy and
                  therefore an opportunity for rates to continue to come down
                  over time.

TC:               Thank you.

JRF:              You are quite welcome.

Operator:         And we have no further names remaining in our queue, I would
                  just like to remind our audience if you would like to ask a
                  question simply press the star key followed by the digit 1 and
                  we'll pause for just a moment to assemble.


SA:               Hi, do you have any specifics they can offer about the status
                  of the regulatory approval for the merger. For instance the
                  FRB, FDIC and New York Banking.

JRF:              Alright, I guess the best way to put it, all of the material
                  necessary for those filings is in the process of being
                  developed by each of our banks. We have not yet filed the
                  appropriate documents with our regulators. It is our hope,
                  however, that we'll be filing certainly later this month, with
                  almost all of the regulators required.

SA:               Okay, thank you.

JRF:              You are quite welcome.


JRF:              And I thank you all for joining us today and for your
                  confidence in New York Community. I look forward to speaking
                  with you in the future, and obviously we look forward to a
                  good year, 2001. Thank you.

                                     * * *

New York Community Bancorp, Inc. is the holding company for New York Community
Bank. The Company serves its customers through 19 traditional and 67 in-store
branch offices in New York City, Long Island, Westchester and Rockland counties,
Connecticut, and New Jersey, and is one of the leading multi-family mortgage
lenders in the United States. Additional information about the Company is
available at its web site, www.myNYCB.com.

New York Community Bancorp and Richmond County Financial Corp. will be filing a
joint proxy statement/prospectus and other relevant documents concerning the
merger with the United States Securities and Exchange Commission (the "SEC"). WE

Investors will be able to obtain these documents free of charge at the SEC's web
site (www.sec.gov). In addition, documents filed with the SEC by New York
Community Bancorp will be available free of charge from Ilene A. Angarola, First
Vice President, Investor Relations, New York Community Bancorp, 615 Merrick
Avenue, Westbury, New York 11590. Documents filed with the SEC by Richmond
County Financial Corp. will be available free of charge from Thomas R. Cangemi,
Executive Vice President and Chief Financial Officer, Richmond County Financial
Corp., 1214 Castleton Avenue, Staten Island, New York 10310-1702.

The directors, executive officers, and certain other members of management of
New York Community Bancorp and Richmond County Financial Corp. may be soliciting
proxies in favor of the merger from the companies' respective shareholders. For
information about these directors, executive officers, and members of
management, shareholders are asked to refer to the most recent proxy statements
issued by the respective companies, which are available at the addresses
provided in the preceding paragraph.

                  Safe Harbor Provisions of the Private Securities Litigation
                  Reform Act of 1995

This release contains certain forward-looking statements, including the earnings
outlook provided above, with regard to the Company's prospective performance and
strategies within the meaning of Section 27A of the Securities Act of 1993, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The
Company intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995, and is including this statement for purposes of
said safe harbor provisions.

These forward-looking statements are based on current expectations, but actual
results may differ materially from anticipated future results. Forward-looking
statements, which are based on certain assumptions and describe future plans,
strategies, and expectations of the Company, are generally identified by use of
the words "believe," "expect," "intend," "anticipate," "estimate," "project," or
similar expressions. The Company's ability to predict results or the actual
effects of future plans or strategies is inherently uncertain. Factors that
could have a material adverse effect on the operations of the Company and its
subsidiaries include, but are not limited to, changes in market interest rates,
general economic conditions, legislation, and regulation; changes in the
monetary and fiscal policies of the U.S. Government, including policies of the
U.S. Treasury and the Federal Reserve Board; changes in the quality or
composition of the loan or investment portfolios, demand for loan products,
deposit flows, competition, and demand for financial services in the Company's
market area; changes in accounting principles and guidelines; and other
economic, competitive, governmental, regulatory, and technological factors
affecting the Company's operations, pricing, and services.

Specific factors that could cause future results to vary from current management
expectations are detailed from time to time in the Company's SEC filings, most
recently including its Annual Report on Form 10-K for the twelve months ended
December 31, 2000.

Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this release. Except as required
by applicable law or regulation, the Company undertakes no obligation to update
these forward-looking statements to reflect events or circumstances that occur
after the date on which such statements were made.