Astoria Bank

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Astoria Bank
Traded as NYSEAF
Industry Financial services
Founded 1888 (1888)
Headquarters Lake Success, New York, United States
Area served
New York metropolitan area
Key people
Monte N. Redman (CEO)[1]
Total assets $16.5 billion[2]
Total equity $1.5 billion[3]
Number of employees

Astoria Bank (formerly Astoria Federal Savings & Loan Association) is a bank based in Long Island City, New York. Astoria Financial Corporation is the holding company formed in 1993 to facilitate the conversion of Astoria Federal Savings and Loan Association from a mutual form of ownership to stock ownership.[4] Astoria Financial Corporation, with assets of $16.5 billion, is the holding company for Astoria Federal Savings and Loan Association. Established in 1888, Astoria Federal, with deposits in New York totaling $10.4 billion, is the largest thrift depository in New York.


  • 1888: Bank originally chartered by New York State as the Central Permanent Building and Loan Association is established.
  • 1936: Name is changed to Astoria Savings & Loan Association.
  • 1937: The bank receives federal charter and becomes Astoria Federal Savings & Loan Association.
  • 1989: George L. Engelke, Jr., is named president and CEO.
  • 1993: Astoria Financial Corporation is created to convert bank from mutual ownership to stock ownership.
  • 1995: Fidelity New York Savings Bank is acquired.
  • 1997: Greater New York Savings Bank is acquired.
  • 1998: Long Island Savings Bank is acquired.

See also[edit]


  1. ^ "Corporate Governance - Management". Retrieved 4 February 2013. 
  2. ^ "Corporate Overview". Retrieved 4 February 2013. 
  3. ^ a b "Astoria Federal Savings and Loan Association in Long Island City, New York (NY)". Retrieved 4 February 2013. 
  4. ^ "Astoria Financial Corporation - Company Profile, Information, Business Description, History, Background Information on Astoria Financial Corporation". Retrieved 4 February 2013. 

External links[edit]