Astoria Bank
 Putting people first | |
| Public | |
| Traded as |
NYSE: AF S&P 600 Component |
| Industry | Financial services |
| Founded | 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 | 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
- 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
References
- ↑ "Corporate Governance - Management". astoriafederal.com. Retrieved 4 February 2013.
- ↑ "Corporate Overview". astoriafederal.com. Retrieved 4 February 2013.
- 1 2 "Astoria Federal Savings and Loan Association in Long Island City, New York (NY)". bankencyclopedia.com. Retrieved 4 February 2013.
- ↑ "Astoria Financial Corporation - Company Profile, Information, Business Description, History, Background Information on Astoria Financial Corporation". .referenceforbusiness.com. Retrieved 4 February 2013.
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