NEW YORK—The Federal Reserve Bank of New York approved the application filed by Investors Bancorp, MHC and Investors Bancorp, Inc., both of Short Hills, New Jersey, to acquire BFS Bancorp, MHC, and Brooklyn Federal Bancorp, Inc., and indirectly acquire Brooklyn Federal Savings Bank, all of Brooklyn, New York, pursuant to Sections 4(c)(8) and 4(j) of the Bank Holding Company Act of 1956, as amended, and Section 225.24 of Regulation Y.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.