AF Astoria Financial Corp. (delisted)

Grand Reopening Celebration November 5, 2005, from 9 a.m. to 3 p.m. LAKE SUCCESS, N.Y., Oct. 14 /PRNewswire/ -- Astoria Federal Savings Chairman, President and CEO George L. Engelke, Jr., today announced that Astoria Federal's Oakdale branch located at 1336 Montauk Highway will officially reopen for business at 8:30 a.m. on Monday, October 31, 2005. The branch had been closed for a major renovation following a structural fire that heavily damaged the branch on December 23, 2004. "Our branch has been a vital part of the Oakdale community for nearly 30 years and it feels good to be back in the neighborhood where we can continue our commitment of "Putting people first." All of us at Astoria Federal very much appreciate all of the support we have received from the community during the entire rebuilding process," Mr. Engelke said. While branch operations fully resume October 31, 2005, Mr. Engelke, Branch Manager Suzanne Gillan, her staff and others will celebrate the branch's return to the community by hosting a special Grand Reopening Celebration from 9 a.m. to 3 p.m. on November 5, 2005. At 11 a.m., they will cut a ribbon marking the grand reopening and plan to be joined by the four Astoria Federal customers (who were honored this past February with Astoria Federal's first ever "Putting people first" Awards for helping branch employees quickly and safely evacuate the building before the local volunteer fire departments arrived at the branch), as well as members of the West Sayville, Sayville, East Islip and Bohemia Volunteer Fire Departments and the Sayville Community Ambulance Corps., and Suffolk County Police Department, all who responded to the incident. The entire Oakdale community including Astoria Federal's customers, members of the Chamber of Commerce, locally elected officials and the general public are invited to join in the celebration. "The grand reopening celebration will be followed by a week of prizes, giveaways, refreshments and special offers for returning Oakdale customers and any member of the public wishing to open a new checking account or Certificate of Deposit," Mr. Engelke said. "It's just great to be back in the neighborhood." For additional information about the event, please call Astoria Federal Senior Manager of Public Relations Dianne Baumert-Moyik at (516) 327-7863. About Astoria Federal Savings Astoria Federal Savings and Loan Association is the wholly-owned subsidiary of Astoria Financial Corporation (NYSE:AF). With assets of $22.8 billion, Astoria Financial Corp. is the sixth largest thrift institution in the United States. Established in 1888, Astoria Federal is the largest thrift depository headquartered in New York with deposits of $12.6 billion 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, 83 on Long Island and three in Westchester County and multiple delivery channels, including its website, http://www.astoriafederal.com/. Astoria 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 39 individual states. Astoria originates mortgage loans through its banking offices and loan production offices in New York, an extensive broker network in 23 states, primarily the East Coast and in the District of Columbia, and through correspondent relationships in 44 states and in the District of Columbia. DATASOURCE: Astoria Federal Savings CONTACT: Dianne Baumert-Moyik of Astoria Federal Savings, +1-516-327-7863, or cell, +1-516-903-1107, or Web site: http://ir.astoriafederal.com/ http://www.astoriafederal.com/ Company News On-Call: http://www.prnewswire.com/comp/104529.html

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