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Steven M. Klein Elected to FHLBNY Board of Directors

Published December 17, 2024

WOODBRIDGE, N.J., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Northfield Bank, which is a wholly-owned subsidiary of Northfield Bancorp, Inc. (NASDAQ: NFBK), has announced that Steven M. Klein, the Chairman and Chief Executive Officer of the bank, has been elected to the Board of Directors of the Federal Home Loan Bank of New York (FHLBNY) for a term of four years.

Mr. Klein's term is set to begin on January 1, 2025, and will conclude on December 31, 2028.

Expressing his gratitude, Mr. Klein remarked, "I am humbled and honored by the support and confidence that the New York members of the FHLBNY have shown in me. I look forward to continuing to serve and advocate for the important mission of the FHLBNY, which is to provide reliable liquidity to our members to support housing and local community development."

In addition to his role at Northfield Bank, where he leads various strategic initiatives related to lending, technology, risk management, and customer and employee experiences, Mr. Klein is actively involved in several banking associations. He is a member of the New York Bankers Association, serves on the ABA Government Relations Council, and has previously held a position on the ABA Community Bankers Council. Furthermore, he is a board member and past chair of the New Jersey Bankers Association and serves as a trustee of the Northfield Bank Foundation, which aims to enhance educational, health, youth, and affordable housing initiatives in the community.

Additionally, Mr. Klein holds multiple directorial positions, including serving on the Staten Island Economic Development Corporation's Executive Committee and as a Director of the Brooklyn Chamber of Commerce. He is also a Trustee, Executive Committee Member, and Finance Chair of the Richmond University Medical Center. Mr. Klein is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants (AICPA). He earned a Bachelor of Science degree in Business Administration from Montclair State University.

About Northfield Bank

Founded in 1887, Northfield Bank operates 38 full-service banking locations in Staten Island and Brooklyn, New York, along with Hunterdon, Middlesex, Mercer, and Union Counties in New Jersey. More information can be found at www.eNorthfield.com.

About the Federal Home Loan Bank of New York

The Federal Home Loan Bank of New York is a Congress-chartered wholesale bank that is part of the Federal Home Loan Bank System. This system consists of 11 regional, stockholder-owned banks that serve financial institutions and housing associates across New Jersey, New York, Puerto Rico, and the U.S. Virgin Islands. As of September 30, 2024, the FHLBNY serves 338 members and focuses on providing liquidity to support housing and community development projects.

Klein, Northfield, FHLBNY