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. 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
- List of banks
- List of banks in United States
References
External links
