July 2 (Reuters) - New York Community Bancorp ( NYCB )

said on Tuesday its one-for-three reverse stock split will

become effective after markets close on July 11.

The lender has been under pressure since January when it

posted a surprise loss for the fourth quarter due to higher

provisions tied to its exposure to commercial real estate.

In a regulatory filing earlier in June, NYCB said the split

could make the stock price "more attractive to a broader group

of institutional and retail investors."

NYCB shareholders ratified a management proposal for the

reverse stock split at the lender's annual shareholders meeting

last month.

Reverse stock splits typically boost prices by reducing the

number of outstanding shares. The shares of the lender will

begin trading on a split-adjusted basis from July 12.

Shares of the embattled lender were down nearly 69% since

the end of January.