Provident New York Bancorp (NASDAQ: PBNY), the parent company of Provident Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.06 per share. The dividend is payable November 12, 2009 to holders of record as of November 2, 2009.

Headquartered in Montebello, New York, Provident Bank, with $3.0 billion in assets, is an independent full-service community bank. Provident Bank operates 33 branches that serve the Hudson Valley region and 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.

Contacts:

Provident Bank
Paul A. Maisch, 845-369-8040
EVP & CFO
or
Miranda Grimm, 845-369-8040
VP & Controller