LAKE SUCCESS, N.Y., Dec. 22 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF) announced that its Board of Directors approved the
Company's eleventh stock repurchase program which authorizes the purchase of
ten 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 322,300 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."
Astoria Financial Corporation, the holding company for Astoria Federal
Savings and Loan Association, with assets of $22.6 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 $12.8 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
 back to top
Related links:
http://ir.astoriafederal.com
Company News On-Call:
http://www.prnewswire.com/comp/104529.html
CONTACT:
Peter J. Cunningham, First Vice President,
Investor Relations, of Astoria Financial Corporation,
+1-516-327-7877, or ir@astoriafederal.com
|
