Astoria Bank Is Named a Corporate Citizen of the Year For Its Commitment to the Long Island Community

LAKE SUCCESS, N.Y., July 6, 2016 /PRNewswire/ -- Astoria Bank has been awarded a 2016 Corporate Citizen of the Year Award (large business category) by Long Island Business News (LIBN), a leading publication serving the Long Island business community. The award was presented on June 14^th at LIBN's Business of Giving breakfast at Crest Hollow Country Club in Woodbury, NY, which brought together more than 200 representatives of local companies and not-for-profit organizations. Astoria was among a select group of winners to be recognized for the positive impact it has on the community.

"We're proud to receive this wonderful recognition and be among the companies honored this year," said Astoria Bank President and Chief Executive Officer Monte N. Redman. "At Astoria Bank, we believe that the stronger we make the communities we serve, the stronger they make us. We help fund nearly 700 local organizations throughout the greater New York metropolitan area and we're passionate about being active volunteers in our communities."

Astoria Bank was recognized for its philanthropic support of not-for-profit organizations, including its role as lead sponsor of the National Tourette Center of Excellence at Northwell Health. Its director, Cathy Budman, M.D., was honored to present Astoria Bank with its award, saying "Astoria Bank is so deserving of this award. Together, we will certainly enhance many lives."

This passion for enhancing lives has helped Astoria Bank rank as the top corporate fundraiser on Long Island for the American Heart Association (AHA)/American Stroke Association's "Go Red for Women" fundraising campaign for several years, and continue to be one of the largest groups among Long Island corporations participating in the annual AHA Heart Walk at Jones Beach. In addition, Astoria employees regularly contribute service hours working at homeless shelters and community gardens, and building houses for Habitat for Humanity.

Astoria's employees also partner with the community on the bank's own Kids Tools for School supply drive. Held each August, the bank collects and purchases approximately one ton of backpacks and supplies to help disadvantaged children be prepared for the new school year.

"With the support of our employees, customers and the communities we serve, Astoria Bank consistently shows that we want to make a difference, and that's what it's all about," said Redman.

About Astoria Financial Corporation

Astoria Financial Corporation AF, with assets of $15.0 billion, is the holding company for Astoria Bank. Established in 1888, Astoria Bank, with deposits in New York totaling $9.1 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.

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SOURCE Astoria Bank