LAKE SUCCESS, N.Y., Nov. 14, 2013 /PRNewswire/ -- Astoria Federal Savings today announced that it will donate $25,000 to the American Red Cross Typhoon Appeal in support of relief efforts for the Philippines, recently devastated by Typhoon Haiyan. In addition to the initial donation, the 85-branch bank, headquartered in Lake Success, N.Y., will double match any employee donation up to $5,000 made between now and Dec. 31, 2013.
"Our hearts are with all of those who have been devastated by the tragedy in the Philippines," said Monte N. Redman, President and Chief Executive Officer of Astoria Federal Savings. "In these types of situations it's important that we all come together as part of a global community and support those in need however we can. Together, we can have a tremendous impact."
This donation continues Astoria Federal's efforts to support both local and global communities in the wake of natural disasters. In past years, the bank – along with its more than 1,500 employees – has provided more than half a million dollars in support of relief efforts following disasters such as Hurricane Sandy, Hurricane Katrina, and the earthquake in Haiti.
"Just as Astoria Federal believes in supporting our local communities here in New York, we also understand that need does not recognize borders. As the people of the Philippines struggle to recover from this disaster, our team is committed to doing what we can to support recovery efforts," said Redman.
About Astoria Federal Savings
Astoria Financial Corporation (NYSE: AF), with assets of $16.0 billion, is the holding company for Astoria Federal Savings and Loan Association. Established in 1888, Astoria Federal, with deposits in New York totaling $10.1 billion, is the second largest thrift depository 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 85 convenient banking branch locations, one business banking office, and multiple delivery channels, including its enhanced website, www.astoriafederal.com. Astoria Federal 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 Federal 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 through correspondent relationships covering nine states and the District of Columbia. Astoria Federal also originates multi-family and commercial real estate loans, primarily on rent controlled and rent stabilized apartment buildings, located in New York City and the metropolitan area.
SOURCE Astoria Federal Savings