Stull, Stull & Brody and Vianale & Vianale LLP Announce Summary Notice of Pendency of Class Action, Proposed Settlement, Settlement Hearing and Right to Appear.

NEW YORK -- Stull, Stull & Brody and Vianale & Vianale LLP announce the following Summary Notice:

SUPREME COURT OF THE STATE OF NEW YORK, COUNTY OF NEW YORK
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HOWARD LASKER, CRAIG GOLD, NORMAN SHOWERS, and :
NEW JERSEY BUILDING LABORERS PENSION AND       :
ANNUITY FUNDS, individually and on behalf of   :  Index No.: 103557/06
all others similarly situated,                 :  IAS Part 3
                                               :
                         Plaintiffs,           :  Hon. Karla Moskowitz
                   v.                          :
                                               :
JOHN A. KANAS, JOHN BOHLSEN, DANIEL M. HEALY,  :
KATHERINE HEAVISIDE, THOMAS S. JOHNSON, JOSIAH :
AUSTIN, KAREN GARRISON, RAYMOND A. NIELSON, A. :
ROBERT TOWBIN, WILLIAM M. JACKSON, JR., ALVIN  :
N. PURYEAR, JAMES F. REEVE, GEORGE H. ROWSOM,  :
DR. KURT R. SCHMELLER and NORTH FORK           :
BANCORPORATION, INC.,                          :
                                               :
                         Defendants.           :
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SUMMARY NOTICE OF PENDENCY OF CLASS ACTION, PROPOSED SETTLEMENT, SETTLEMENT HEARING AND RIGHT TO APPEAR

TO ALL PERSONS WHO HELD THE COMMON STOCK OF NORTH FORK BANCORPORATION, INC. ("NORTH FORK" OR THE "COMPANY") AND THEIR SUCCESSORS-IN-INTEREST AND TRANSFEREES, IMMEDIATE AND REMOTE, AT ANY TIME DURING THE PERIOD MARCH 12, 2006 THROUGH DECEMBER 1, 2006 OTHER THAN DEFENDANTS AND ANY PERSON, FIRM, TRUST, CORPORATION, OR OTHER ENTITY RELATED TO OR AFFILIATED WITH ANY OF THE DEFENDANTS (THE "CLASS" OR "SETTLEMENT CLASS"). MEMBERS OF THE SETTLEMENT CLASS ARE CALLED THE "CLASS MEMBERS."

YOU ARE HEREBY NOTIFIED that the Plaintiffs, in the above-captioned action pending in New York State Court (the "Action") for themselves and on behalf of the Class Members, have entered into a Stipulation and Agreement of Compromise and Settlement ("Stipulation") with Defendants to resolve the Action. All terms herein are as defined in the Stipulation on file with the Court.

PLEASE BE FURTHER ADVISED that, pursuant to an Order of the Supreme Court of the State of New York for the County of New York, dated March 12, 2007, a hearing will be held on June 15, 2007, at 11:00 a.m. (the "Settlement Hearing") before Justice Karla Moskowitz, Room 248, in the New York County Courthouse, 60 Centre Street, New York, New York, to: (i) determine whether a Settlement Class should be certified; (ii) determine whether the Settlement should be approved by the Court as fair, reasonable, adequate and in the best interests of the Settlement Class; (iii) determine whether an Order and Final Judgment should be entered pursuant to the Stipulation, dismissing the Action and forever releasing and discharging the Released Claims, except for Excluded Claims (as defined below); (iv) consider Class Counsel's application for an award of attorneys' fees and expenses; and (v) rule on such other matters as the Court may deem appropriate.

IF YOU ARE A CLASS MEMBER, YOUR RIGHTS WILL BE AFFECTED. A complete description of the Settlement, its terms, and the claims that may be released as a result of the Settlement are contained in the Notice of Pendency of Class Action, Proposed Settlement, Settlement Hearing and Right to Appear ("Notice"). If you are a Class Member and require a copy of the Notice, you may download one at www.gardencitygroup.com. If you wish to be mailed a copy of the Notice, you should contact North Fork Bancorporation Settlement, c/o The Garden City Group, P.O. Box 9099, Dublin, OH 43017-0999, tel.: [phone].

For other information, you may contact the lead attorneys for the Plaintiffs in this case:

  Mark Levine, Esq.                     Kenneth J. Vianale, Esq.
  Stull, Stull & Brody                  Vianale & Vianale LLP
  6 East 45th Street                    2499 Glades Road, Suite 112
  New York, NY 10017                    Boca Raton, FL 33431
  Tel.: [phone]                  Tel.: [phone]
  Co-Lead Counsel for Plaintiffs        Co-Lead Counsel for Plaintiffs

If you owned North Fork common stock at any time during the period March 12, 2006 through and including December 1, 2006 you may exclude yourself from the class for the purpose of pursuing any claims you might have for monetary damages only. Class Members may not exclude themselves from the Settlement for the purpose of pursuing any other kinds of claims. To exclude yourself from the Settlement insofar as it seeks monetary damages, you must send a valid request for exclusion to North Fork Bancorporation Settlement, Request For Exclusion, c/o The Garden City Group, P.O. Box 9100, Dublin, OH 43017-4100, and it must be postmarked on or before May 25, 2007. Complete instructions on how to request exclusion from the Settlement Class are set forth in the Notice.

You will be bound by, and subject to, any judgment rendered in the Action and any releases approved by the Court unless you request to be excluded in the manner set forth in the Notice. If you submit a valid and timely request for exclusion, you will not be entitled to share in the proceeds of the Settlement and you will not be bound by the Settlement or the Judgment only insofar as it relates to claims for monetary damages ("Excluded Claims"). If you are a Class Member and you object to the proposed Settlement or otherwise wish to be heard, you or your attorney may appear at the Settlement Hearing. In order to do so, you must provide written notice in the manner specified in the Notice no later than May 25, 2007.

For more information, contact the above-named attorneys. PLEASE DO NOT CONTACT THE COURT.

Dated: March 12, 2007        BY ORDER OF THE SUPREME COURT
                             OF THE STATE OF NEW YORK, NEW YORK COUNTY