8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 31, 2005

PROVIDENT NEW YORK BANCORP

(Exact Name of Registrant as Specified in Charter)

Delaware	0-25233	80-0091851
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

400 Rella Boulevard, Montebello, New York	10901
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (845) 369-8040

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

Provident New York Bancorp (the “Company”) is furnishing presentation materials included as Exhibit 99.1 to this report pursuant to Item 7.01 of Form 8-K. The presentation materials were prepared to be included in presentations with investors during the fourth quarter of 2005. The Company is not undertaking to update this presentation. The information in this report (including Exhibit 99.1) is being furnished pursuant to Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. This report will not be deemed an admission as to the materiality of any information herein (including Exhibit 99.1).

Item 9.01. Financial Statements and Exhibits

The Index of Exhibits immediately precedes the attached exhibits.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	PROVIDENT NEW YORK BANCORP
DATE: October 31, 2005	By:	/S/    PAUL A. MAISCH
		Paul A. Maisch
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

The following exhibits are furnished as part of this report:

Exhibit No.	Description
99.1	Presentation Materials

EX-99.1

EXHIBIT 99.1

PRESENTATION MATERIALS

Exhibit 99

Connecting People With Opportunities SM

PBNY

George Strayton

President Chief Executive Officer

Deposit Growth November 2, 2005

Forward-looking Statements

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors.

Words such as “expect”, “feel”, “believe”, “will”, “may”, “anticipate”, “plan”, “estimate”, “intend”, “should”, and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. These statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond the control of Provident New York Bancorp (PBNY). The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the businesses acquired may not be combined successfully, or the combination may take longer to accomplish than expected; (2) the growth opportunities and cost savings from the merger may not be fully realized or may take longer to realize than expected; (3) competitive factors which could affect net interest income and non-interest income, general economic conditions which could affect the volume of loan originations, deposit flows and real estate values; (4) the levels of non-interest income and the amount of loan losses as well as other factors discussed in the documents filed by PBNY with the Securities and Exchange Commission from time to time. PBNY undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made. 3

A Quick Look at Provident Bank

Established in 1888 with Thrift charter

Reorganized into an MHC in 1999 and conducted IPO that raised $38.6 million, second step in 2004 raised $195.7 million Provident Municipal Bank created in 2002 as a wholly-owned subsidiary

Recent acquisitions: HSBC South Fallsburg Branch (May 2005) Warwick Savings Bank (Oct. 2004) Ellenville National Bank (Jan. 2004) National Bank of Florida (Apr. 2002)

Implemented bold new look (Nov. 2004)

Implemented new name and Stock symbol – PBNY (Jun. 2005)

4

Concentrated Franchise in Growing Area

Branch Franchise

County Num. of Branches Deposits ($ 000) Market Share (%) Market Rank

New York

Rockland 13 $ 936,477 13.66% 3

Orange 16 $ 639,020 12.80% 2

Ulster 2 $ 85,580 3.75% 8

Sullivan 3 $ 48,567 4.89% 9

Putnam 1 $ 48,183 1.33% 11

New Jersey

Bergen 2 $ 21,210 0.06% 43

Note: 1 Sullivan Branch, 1 Bergen County Branch have been closed since 6/30/05.

Source: FDIC data as of 6/30/05, as reported 10/15/05

5

Per NYS Comptroller – Alan Hevesi*

Hudson Valley

Vibrant economy – strongest of any region in NYS Fastest employment and job growth in NYS

Incomes rising Unemployment falling

Population increased almost 3 times rest of State 50% of total NYS 2005 job growth Counties

Sullivan – fastest rate of job growth Putnam – lowest unemployment Orange – fastest population growth

Dutchess, Rockland & Orange – strong growth in property values

* Economic Trends in Hudson Valley, Report 5 – 2006, September 2005

6

Robust Market Place

Rockland and Orange Counties provide an excellent economy to operate within. Both counties experienced meaningful growth in population within the last census period (1990 – 2000). Orange – 11% & Rockland – 8% The unemployment rate is below the national level of 4.8% for September 2005: Orange – 4.3% & Rockland – 4.3%

Orange County, New York Rockland County, NewYork

Current 2004 % Change 2000-2004 Estimated 2010 % Change 2004-2010 Current 2004 % Change 2000-2004 Estimated 2010 % Change 2004-2010

Total Population: 365,830 6.64 393,000 7.34 297,250 3.38 313,410 16.16

Land Mass (in sq. mi.) 816 -— -— -— 174 -— -— -—

Pop. Density 448 6.67 482 7.59 1,708 3.39 1,801 9.02

Unemployment (9/05) 7,700 NM NA NA 6,600 NM NA NA

Total # of Businesses* 13,121 62.45 NA NA 8,592 45.98 NA NA

Median Home Prices** 325,000 NA NA NA 529,950 N/A NA NA

Total Households: 124,930 8.17 136,410 9.05 97,490 4.45 104,360 7.05

$0-29,999 (%): 26 -3.29 24 -5.97 20 -2.11 19 -4.34

$30,000 —$59,999 (%): 30 -1.97 28 -4.40 23 -2.11 22 -4.34

$60,000+ (%): 44 3.44 47 6.41 57 1.63 59 3.23

Mean HH Income (currrent$): 85,709 8.97 101,242 17.68 124,696 6.34 146,275 16.90

Per Capita Income (current$): 30,193 10.38 36,163 19.24 41,756 7.71 49,661 18.43

All data provided by FindSVP except where noted. * SHESHUNOFF

** Rockland and Orange County Association of Realtors (3rd Qtr 2005)

7

Successful Business Strategy

Full Service Community Bank

Vibrant and Growing Market Place

Full array of Products

Profitable, Strategically Positioned Institution

Exceptional Asset Quality Commercial Profile Bold new look Large Core Deposit base

8

Deposits come in many flavors

Savings Accounts

Passbook (16%)

Statement (12%)

Checking Accounts

Retail (17%)

Commercial (Including Municipal) (15%)

CDs (25%)

MMDA

Retail (5%)

Commercial (5%)

Municipal (other than checking accounts) (5%)

Brokered Deposits (0%)

9

Every Flavor is Good -

Low cost funds

Management of interest rate risk

First chance for new business relationships Fee income opportunities

BUT …

10

But … Some Flavors are better

Deposits that stay (Core deposits)

Deposits that produce higher profitability Deposits that produce fees Transitory deposits that are less than wholesale borrowing

Lets look at results …

11

Building and Keeping Deposits

Actions:

Service Convenience 7 day Banking Extended Hours Walk in, Ring in, Click in Connecting people with Opportunities Savings and transaction accounts represent 60% of total deposits

Results (dollars in millions):

1200 1000 800 600 400 200 0

2000 2001 2002 2003 2004 2005

Passbook

Statement

Commercial Checking Retail Checking

12

Deposits (in millions)

1800 1600 1400 1200 1000 800 600 400

IPO

2nd Step & Acquisitions

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

13

Cost of Funds (in percent)

10 9 8 7 6 5 4 3 2 1 0

IPO

2nd Step & Acquisitions

1999 2000 2001 2002 2003 2004 2005

14

Net Interest Margin (NIM)

10 9 8 7 6 5 4 3 2 1 0

IPO

2nd Step & Acquisitions

1995 996 1997 1998 1999 2000 2001 2002 2003 2004 2005

15

Cost of Interest Bearing Deposits & Federal Funds Rate

10 9 8 7 6 5 4 3 2 1 0

IPO

2nd Step & Acquisitions

1999 2000 2001 2002 2003 2004 2005

16

Efficiency Ratio (in percent)

100 90 80 70 60 50 40 30 20 10 0

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005

IPO

2nd Step & Acquisitions

This chart calculates the efficiency ratio consistent with the manner described in the table presented in the Form 8K as filed with the Securities and Exchange Commission on October 28, 2005

17

A Delicate Balance—attracting deposits while controlling cost

Service

Access Technology Vibrant Market

Right Products for the Market Strong Asset Quality

Attract stronger credits Maintain spread

Putting it all together …

18

Fiscal 2006

Revenue

Growing Stronger, Serving Better … It’s All Coming Together

Expense