General

Richmond County Financial Corp. (the "Company" or the "Registrant") was incorporated under Delaware law in September 1997. On February 18, 1998, the Company acquired Richmond County Savings Bank and subsidiaries (the "Bank"), Staten Island, New York, as part of the Bank's conversion from the mutual to stock form of organization (the "Conversion"). On February 18, 1998, the Company issued an aggregate of 26,423,550 shares of its common stock, par value $0.01 per share, of which 24,466,250 shares were issued in a subscription offering and 1,957,300 shares were issued to the Richmond County Savings Foundation (the "Foundation"), a charitable...