Astoria Bank - Astoria Banking

- April 06, 2015

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.

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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
Astoria Bank


References

Astoria Bank


External links




Interesting Informations

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