Clifton Bancorp Inc. Declares Cash Dividend

Clifton Bancorp Inc. (the “Company”) (NasdaqGS: CSBK), the parent company of Clifton Savings Bank, announced today that the Company will pay a combined cash dividend of $0.12 per common share for the quarters ended December 31, 2013 and March 31, 2014. The dividend will be payable on June 6, 2014 to shareholders of record on May 23, 2014. As previously disclosed, the Company postponed the declaration and payment of its cash dividend that is customarily paid in mid-February to eliminate the need to pay a dividend to Clifton MHC.

Clifton Bancorp Inc., a Maryland corporation, is the holding company of Clifton Savings Bank, a federally chartered savings bank headquartered in Clifton, New Jersey, which currently operates a total of 12 full-service banking offices in northeast New Jersey.