Astoria Bank

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Astoria Bank
Type Public
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]
Employees 1,565[3]
Website https://www.astoriabank.com

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.

Chronology[edit]

  • 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.

References[edit]

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