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Astoria Financial Corporation Holds Annual Shareholders' Meeting

   Four Directors Re-Elected and the Appointment of Independent Auditors
                                  Ratified

    LAKE SUCCESS, N.Y., May 17 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF) announced that at its annual meeting held today, its
shareholders voted overwhelmingly to re-elect directors Gerard C. Keegan,
Andrew M. Burger, Denis J. Connors and Thomas J. Donahue. It further
announced that its shareholders ratified the appointment of KPMG LLP as its
independent registered public accounting firm for the 2006 fiscal year.
    Astoria Financial Corporation, the holding company for Astoria Federal
Savings and Loan Association, with assets of $22.2 billion is the sixth
largest thrift institution in the United States. Established in 1888,
Astoria Federal is the largest thrift depository headquartered in New York
with deposits of $13.0 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 38 individual states. Astoria Federal originates mortgage
loans through its banking offices and loan production offices in New York,
an extensive broker network covering twenty-four states, primarily the East
Coast, and the District of Columbia, and through correspondent
relationships covering forty- four states and the District of Columbia.


SOURCE Astoria Financial Corporation




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Related links:
  • http://www.astoriafederal.com
  • http://ir.astoriafederal.com
  • http://www.prnewswire.com/comp/104529.html /
    CONTACT:
    Peter J. Cunningham, First Vice President,
    Investor Relations, +1-516-327-7877, ir@astoriafederal.com