LAKE SUCCESS, N.Y., May 19 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF) announced that its Board of Directors approved the
Company's tenth stock repurchase program which authorizes the purchase of
eight million shares, or approximately 10% of its outstanding common stock, in
open-market or privately negotiated transactions. The newly approved
repurchase program will commence immediately upon completion of the current
stock repurchase program of which approximately 870,000 shares remain.
George L. Engelke, Jr., Chairman, President and Chief Executive Officer of
Astoria Financial commented, "In approving the new stock repurchase
authorization, the Board of Directors is demonstrating its commitment to
enhancing shareholder value and providing the Company with continued
flexibility in capital management. Our Board continues to view Astoria
Financial Corporation common stock as a favorable long-term investment."
Astoria Financial Corporation, the holding company for Astoria Federal
Savings and Loan Association with assets of $22.7 billion, is the third
largest thrift institution headquartered in New York and sixth largest in the
United States. Astoria Federal embraces its philosophy of Putting people
first by providing its 700,000 customers and the 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 commands the third 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 originates mortgage loans through its banking
offices and loan production offices in New York, an extensive broker network
in nineteen states, primarily the East Coast, and through correspondent
relationships in forty-four states.
SOURCE Astoria Financial Corporation
 back to top
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
|
