Northfield goes above and beyond

Real Estate Weekly, Oct 27, 2004

John W. Alexander, Chairman of the Board and chief executive officer of Northfield Savings Bank, parent of Liberty Bank and the principal operating subsidiary of NSB Holding Corp., announced that America's Community Bankers and Freddie Mac, have awarded Northfield Savings Bank a certificate for Tier One Performance in Investor Reporting and Remitting in the 2nd quarter of 2004.

Freddie Mac is the nickname for the Federal Home Loan Mortgage Corporation that purchases residential mortgages, securitizes them, and sells them to investors to provide lenders with funds for new homebuyers.

Janet Eakes, Vice President of Mortgage Sourcing, Operations and Funding at Freddie Mac said, "By surpassing our performance threshold, you have demonstrated the commitment and diligence that are the hallmarks of the top achievers in the servicing industry. You have demonstrated your dedication to servicing mortgages efficiently and to keeping down the costs of home ownership. Your sound management of our loan portfolio enables our investors to maintain their high confidence in us."

Mr. Alexander replied, "We thank you for the honor and we take great pride in the outstanding performance record our investor reporting servicing staff has achieved. But more importantly than awards are the loans we have been able to make to members of our communities to purchase their homes."

Alexander added, "While Northfield is no longer a small bank, we have been able to offer the responsiveness needed by both commercial and residential borrowers who want to know promptly that their loan has been approved. When they apply for a loan from us, they'll get an answer quickly."

Albert J. Regen, Northfield's President, said, "We're in your community every day offering competitive rates on residential and commercial real estate loans; Sunday banking on Staten Island; early weekday drive-up window hours in New Jersey; no fee ATMs, free telephone and online banking; debit and credit cards; plus access to new financial products and services."

NSB Holding Corp. Inc., headquartered in Staten Island, New York, is a diversified bank holding company. Northfield Savings Bank has 19 full service banking offices serving Staten Island, New York and Union and Middlesex Counties, New Jersey.