Astoria Federal Savings Celebrates Financial Literacy Month With Annual Teach Children to Save Celebration and Essay Contest

In-Branch Celebration Events April 27-May 3, 2008; Essay Contest April

27-May 17, 2008

Apr 21, 2008, 01:00 ET from Astoria Federal Savings

    LAKE SUCCESS, N.Y., April 21 /PRNewswire/ -- April is Financial
 Literacy Month and in recognition, Astoria Federal Savings is launching an
 essay contest for children ages 5-12 asking them to complete the statement:
 "If I save a lot today, in the future I could ... " This is Astoria
 Federal's third annual essay contest, which is part of their fun and
 educational Teach Children to Save Celebration for the community from April
 27-May 3, 2008 in every neighborhood branch during normal branch hours.
     During the Celebration, children and teens visiting any Astoria Federal
 branch can open a free Student Savers account and Astoria Federal will
 provide an opening deposit of $5.00. There will also be raffles, bank tours
 and fun giveaways.
     Beginning April 27, children throughout Brooklyn, Queens, Nassau,
 Suffolk and Westchester can visit any Astoria Federal branch to pick up an
 official entry form and enter the 250-word essay contest. The official
 essay contest form is also available online at All official essay submissions should be
 hand delivered to any Astoria Federal branch no later than May 17.
     In June, a local branch essay contest winner will be selected from each
 branch, and those winners will go on to compete for the Grand Prize, as
 well as 1st and 2nd Prizes in the following age groups: 5-7, 8-10, 11-12.
 The Grand Prize winner will receive a new personal computer, while 1st
 Prize winners will receive $500 U.S. Savings Bonds, and 2nd Prize winners
 will receive $250 U.S. Savings Bonds. Every child selected as a local
 winner from their community will receive a $50 U.S. Savings Bond, a Teach
 Children to Save Celebration Award Certificate, an Education First medal
 and have their photo taken for community recognition.
     Astoria Federal's Senior Vice President and Director of Marketing Brian
 Edwards stated, "Giving children a head start on their financial future is
 an important part of their education and we really enjoy helping children
 learn about the value of saving in a fun and educational way. Through our
 Bank-at-School and Student Savers programs, we have reached thousands of
 children who are learning the important habits of saving. We're excited
 about our third annual essay contest, which really gets kids thinking about
 their finances at a young age. Last year we had an overwhelming response
 and hope to receive the same kind of thoughtful and creative essays this
     The Teach Children to Save Celebration and Essay Contest is part of
 Astoria Federal's Education First initiative, which was created to inspire
 lifelong learning in the communities they serve. Other Education First
 initiatives include Kids Tools for School, to help children be prepared on
 the first day of school by providing them with new school supplies, and The
 First Home Club(TM) to promote homeownership. For additional information
 about Astoria Federal's Education First initiative, Teach Children to Save
 Celebration and Essay Contest, or Bank-at-School program, please call
 1-800-ASTORIA or visit
     Astoria Financial Corporation, with assets of $21.5 billion, is the
 holding company for Astoria Federal Savings and Loan Association.
 Established in 1888, Astoria Federal, with deposits in New York totaling
 $13.0 billion, is the largest thrift depository headquartered in New York
 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, 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 38 individual states. Astoria Federal originates mortgage loans
 through its banking offices and loan production offices in New York, an
 extensive broker network covering twenty-two states, primarily the East
 Coast, and the District of Columbia, and through correspondent
 relationships covering twenty-nine states and the District of Columbia.

SOURCE Astoria Federal Savings