Astoria Bank Opens New Long Island City Branch to Meet Growing Customer Needs

Nov 30, 2015, 09:03 ET from Astoria Bank

LAKE SUCCESS, N.Y., Nov. 30, 2015 /PRNewswire/ -- Astoria Bank, the second largest community bank headquartered in New York, today announced the opening of its new full-service branch in Long Island City, Queens. Located at 26-26 Jackson Ave., the new branch is part of the Bank's continued expansion efforts designed to meet both consumer and business banking needs in high-growth areas.

"With its tremendous amount of recent commercial and residential development, Long Island City represents an exciting opportunity for Astoria Bank," said Monte Redman, President and CEO of Astoria Bank.  "We have a long history of serving communities in and around Queens, and our seasoned team of professionals will continue to provide consultative banking services in our newest branch."

Astoria Bank's Long Island City branch will be led by newly appointed branch manager David Cinelli, who has nearly a decade of financial services experience and has spent the majority of his career working with business clients in Long Island City.  Cinelli most recently served as vice president and senior manager at HSBC Bank in New York City.

"David brings a combination of both big bank and community experience across a variety of sectors," said Executive Vice President, Managing Director of the Retail Banking Group Brian Edwards.  "His ongoing relationships with customers in the area will be highly valuable as we seek to further strengthen our presence in Queens, where Astoria already has deep roots."

The branch is open six days during the week including Saturdays with late Thursday hours.  It offers customers a range of diverse retail and business banking products and services including commercial and  residential lending.

About Astoria Financial Corporation
Astoria Financial Corporation (NYSE: AF), with assets of $15.1 billion, is the holding company for Astoria Bank. Established in 1888, Astoria Bank, with deposits in New York totaling $9.0 billion, is the second largest thrift depository in New York and provides its retail and business customers and local communities it serves with quality financial products and services through 88 convenient banking branch locations, a business banking office in Manhattan, and multiple delivery channels, including its flexible mobile banking app. Astoria Bank commands a significant 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 Bank originates multi-family and commercial real estate loans, primarily on rent controlled and rent stabilized apartment buildings, located in New York City and the surrounding metropolitan area and originates residential mortgage loans through its banking and loan production offices in New York, a broker network in four states, primarily along the East Coast, and correspondent relationships covering 13 states and the District of Columbia.

SOURCE Astoria Bank



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