Webster Financial to acquire NewMil Bancorp

Carver Bancorp to buy Community Capital

NYCB to buy Atlantic Bank

Connecticut banking company acquires another

• For $172.5mm in cash and stock

• Stock portion subject to a collar

Announced 4.25.06

• Press release
• Form 8-K

Advisors

• WBS: Hogan & Hartson
• NMIL: Keefe Bruyette / Pitney Hardin

Proxy solicitation

• Form S-4 6.27.06

• Table of contents

Agreements

• Merger agreement

One NYC-based minority-owned bank to acquire another

• For $40 per share

Announced 4.06.06

• Press release
• Form 8-K

Advisors

• Carver: Keefe Bruyette / Thacher Proffitt
• Community Capital: RBC Capital / Sullivan & Cromwell

Agreements

• Merger agreement

National Bank of Greece sells Atlantic Bank

• $400 million cash
• Immediately accretive to GAAP and cash earnings
• No §338 election

Announced 10.11.05

• Press release
• Slide presentation
• Form 8-K

Advisors

• NBG: Shearman & Sterling
• NYCB: Sullivan & Cromwell

Agreements

• Stock purchase agreement
• Guaranty - National Bank of Greece

Interim communications

• Federal Reserve Board approval 3.30.06
• New York State Banking Board approval 4.06.06

$1.5 billion cash election merger

• Creates $17 billion community bank
• Expands ICB's footprint into neighboring New Jersey
• Immediately accretive to EPS
• Background
• Lehman to buy SIB Mortgage

Deal terms

Advisors

Announced 11.25.03

Completed 4.12.04

SEC_CODE_REF_0090001192884

Agreements

Proxy Solicitation

Fairness opinions

Interim Communications

Industries

• Financial Services