LAKE SUCCESS, N.Y., Sept. 1, 2017 /PRNewswire/ -- Astoria Bank today announced that it will donate $25,000 to the American Red Cross to support relief efforts in flooded areas devastated by Hurricane Harvey. In addition to the initial donation, the 88-branch bank headquartered in Lake Success, NY, will match on a two-for-one basis every dollar donated by its employees, officers and directors, for gifts of up to $5,000, through Sept. 30, 2017.
For decades, Astoria Bank has supported relief efforts following natural disasters both here and abroad, including Hurricanes Katrina and Sandy, earthquakes in Japan and Haiti, and Typhoon Haiyan in the Philippines. According to Monte Redman, President and CEO of Astoria Bank, "For many of us here in the New York metropolitan area, this brings back memories of the devastation of Hurricane Sandy, so we naturally want to lend a hand to help the many people of Texas who are displaced and in need."
About Astoria Financial Corporation
Astoria Financial Corporation (NYSE: AF), with assets of $14.1 billion, is the holding company for Astoria Bank. Established in 1888, Astoria Bank, with deposits in New York totaling $8.9 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 in New York State, the District of Columbia and eight other states through its banking and loan production offices in New York.
SOURCE Astoria Bank