Madison National Bancorp, Inc. Receives Regulatory and Shareholder Approval

Madison National Bancorp, Inc. (the "Company") (stock symbol MNBZ, OTCBB) today announced that FNBNY Bancorp, Inc. (FNBNY) and the Company have received all necessary regulatory and stockholder approvals for the completion of the merger of the Company and FNBNY. The closing of the merger is expected to be completed in the first quarter of 2012. Further, on January 31, 2012, the Company executed an amendment to the Merger Agreement whereby the parties agreed that the per share merger ...continued MNBZ

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