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: Long Island Financial Corp.
                                   Commission File No. 0-29826

[GRAPHIC OMITTED][GRAPHIC OMITTED]                                 NEWS RELEASE
615 Merrick Avenue, Westbury, NY 11590 | Phone: (516) 683-4420 | 
Fax: (516) 683-4424 | www.myNYCB.com

FOR IMMEDIATE RELEASE                      Contact:  Ilene A. Angarola
                                                     First Senior Vice President
                                                     Investor Relations
                                                     (516) 683-4420

                        NEW YORK COMMUNITY BANCORP, INC.
                        --------------------------------
        TO ISSUE THIRD QUARTER 2005 EARNINGS RELEASE ON OCTOBER 19, 2005;
        ----------------------------------------------------------------
                     CONFERENCE CALL SET FOR 9:30 A.M. (ET)
                     ---------------------------------------

Westbury,  N.Y.,  September 21, 2005 - New York Community  Bancorp,  Inc. (NYSE:
NYB) today  announced that it will issue its earnings  release for the three and
nine months ended  September 30, 2005 at  approximately  7:30 a.m.  Eastern Time
(ET) on Wednesday, October 19, 2005. The release will be posted to the Company's
web site, www.myNYCB.com, upon issuance.

The Company will conduct a  post-earnings  conference  call at 9:30 a.m. (ET) on
October 19th,  during which  President  and Chief  Executive  Officer  Joseph R.
Ficalora will discuss highlights of the Company's third quarter 2005 performance
and its prospective  acquisition of Long Island Financial Corp. (Nasdaq:  LICB).
Information about the conference call follows:


Access Code for Dial-in and Replay:         7851341
Dial-in:
          Domestic:              800-946-0713
          International:         719-457-2642
Replay:                          October 19 (12:30 p.m.) - October 28 (midnight)
          Domestic:              888-203-1112
          International:         719-457-0820

The  conference  call  will be  simultaneously  webcast  at  www.myNYCB.com  and
archived through 5:00 p.m. on November 2, 2005.

New York Community  Bancorp,  Inc. is the holding company for New York Community
Bank and the fifth  largest  thrift in the  nation,  with total  assets of $25.2
billion at June 30, 2005. The Bank serves its customers through a network of 141
banking offices in New York City, Long Island,  Westchester County, and northern
New Jersey,  and operates through seven  divisions:  Queens County Savings Bank,
Roslyn Savings Bank,  Richmond County Savings Bank,  Roosevelt Savings Bank, CFS
Bank,  First  Savings Bank of New Jersey,  and Ironbound  Bank.  The Bank is the
leading  producer of multi-family  mortgage loans for portfolio in New York City
and the third largest  thrift  depository in the New York  metropolitan  region.
Additional  information  about the Company is  available  at  www.myNYCB.com.  
                                  
                                  -continued -





New York Community Bancorp Announces Date of 3rd Quarter 2005 Earnings Release 
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The Company has filed a registration  statement with the Securities and Exchange
Commission  (the  "SEC")  containing  a  proxy  statement/prospectus  and  other
documents  regarding its proposed  transaction  with Long Island Financial Corp.
Investors are urged to read the proxy  statement/prospectus  because it contains
important information about the Company and Long Island Financial Corp., and the
prospective    transaction.    When    available,    copies   of   this    proxy
statement/prospectus  will be mailed to Long Island Financial Corp. shareholders
and, together with other documents filed by the Company or Long Island Financial
Corp.  with the  SEC,  may be  obtained  free of  charge  at the  SEC's  website
(www.sec.gov)  or by  directing  a  request  to the  Company  c/o  the  Investor
Relations Department,  615 Merrick Avenue, Westbury, N.Y. 11590 or the Corporate
Secretary,  Long Island  Financial  Corp.,  1601  Veterans  Highway,  Suite 120,
Islandia, N.Y. 11749.

Long Island  Financial Corp. and its directors,  executive  officers and certain
other members of management,  and employees may be soliciting proxies from their
shareholders in favor of the proposed  transaction.  Information  regarding such
persons who may, under the rules of the SEC, be considered to be participants in
the  solicitation of Long Island  Financial  Corp.'s  shareholders in connection
with the  proposed  transaction  is set forth in Long Island  Financial  Corp.'s
proxy  statement  filed with the SEC on March 25,  2005  relating  to its annual
meeting of shareholders  held on April 20, 2005.  Additional  information is set
forth in the proxy statement/prospectus filed with the SEC.

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