LAKE SUCCESS, N.Y., May 9 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF), announced that Institutional Shareholder Services Inc.
("ISS"), widely recognized as a leading independent proxy advisory and
corporate governance rating firm, has recommended a vote FOR the approval of
Astoria's 2005 Re-designated, Amended and Restated Stock Incentive Plan ("the
Plan"). Commenting on the ISS recommendation, George L. Engelke, Jr.,
Astoria's Chairman, President & CEO said, "We are extremely pleased that the
independent evaluation and analysis of our Stock Incentive Plan by ISS
supports the Board of Directors' recommendation to vote FOR the approval of
the Plan, which will provide the Compensation Committee and the Board with the
additional flexibility to fashion compensation programs which are considerate
of the interests of all shareholders and competitive with programs provided at
comparable institutions." ISS has also recommended a vote FOR the election of
all of Astoria's nominees for director and the ratification of the appointment
of Astoria's independent registered public accounting firm.
Astoria Financial Corporation, the holding company for Astoria Federal
Savings and Loan Association, with assets of $23.3 billion is the fifth
largest thrift institution in the United States. Established in 1888,
Astoria Federal is the largest thrift depository headquartered in New York
with deposits of $12.6 billion and embraces its philosophy of Putting people
first by providing the customers and local communities it serves with quality
financial products and services through 86 convenient banking office locations
and multiple delivery channels, including its enhanced website,
http://www.astoriafederal.com. Astoria Federal commands the fourth largest
deposit market share in the attractive Long Island market, which includes
Brooklyn, Queens, Nassau and Suffolk counties with a population exceeding that
of 39 individual states. Astoria Federal originates mortgage loans through
its banking offices and loan production offices in New York, an extensive
broker network in twenty-three states, primarily the East Coast and the
District of Columbia, and through correspondent relationships in forty-four
states and the District of Columbia.
SOURCE Astoria Financial Corporation
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Related links:
http://www.astoriafederal.com
Company News On-Call:
http://www.prnewswire.com/comp/104529.html
CONTACT:
Peter J. Cunningham, First Vice President,
Investor Relations, Astoria Financial Corporation,
+1-516-327-7877, ir@astoriafederal.com
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