LAKE SUCCESS, N.Y.,
May 19 /PRNewswire-FirstCall/ --
Astoria Financial Corporation (NYSE: AF) (the "Company"), the
holding company for Astoria Federal Savings and Loan Association
("Astoria Federal"), today announced that it has filed an automatic
shelf registration statement on Form S-3 with the Securities and
Exchange Commission. The shelf registration statement will
allow the Company to issue and sell an indeterminate amount of
common stock, preferred stock, debt securities, capital securities,
guarantees, warrants and units or any combination of these
securities in one or more future offerings. The specific terms of
the offerings will be established by the Company at the time of the
offering, subject to market conditions, and will be described in
detail in a prospectus supplement filed at the time of such
offering. At this time the Company does not have any
immediate plans or current commitments to sell securities under the
self registration statement.
George L. Engelke, Jr., Chairman
and Chief Executive Officer, commented, "The shelf registration
statement we filed today will provide greater capital management
flexibility and enable us to readily access the capital markets in
order to pursue growth opportunities that may become available to
us in the future and/or should there be any changes in the
regulatory environment that call for increased capital
requirements."
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of the securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under securities laws of such state. Any
offering of the securities covered by the registration statement
will only be by means of a written prospectus and prospectus
supplement.
Copies of the prospectus and, when available, any prospectus
supplement relating to a particular offering may be obtained by
contacting the Investor Relations Department at Astoria Financial
Corporation, One Astoria Federal Plaza, Lake Success, New York 11042, by telephone at
516-327-7869, or by email at ir@astoriafederal.com.
Astoria Financial Corporation, with assets of $20.1 billion, is the holding company for Astoria
Federal Savings and Loan Association. Established in 1888,
Astoria Federal, with deposits in New
York totaling $12.7 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 85 convenient banking office locations and multiple
delivery channels, including its enhanced website,
www.astoriafederal.com. Astoria Federal operates in the
attractive Long Island market,
which includes Brooklyn,
Queens, Nassau, and Suffolk counties with a population exceeding
that of 38 individual states, and Westchester County. Astoria Federal
originates mortgage loans through its banking and loan production
offices in New York, an extensive
broker network covering sixteen states, primarily along the East
Coast, and the District of
Columbia, and through correspondent relationships covering
seventeen states and the District of
Columbia.
Forward-Looking Statements
This news release may contain a number of forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements may be identified by
the use of such words as "anticipate," "believe," "could,"
"estimate," "expect," "intend," "outlook," "plan," "potential,"
"predict," "project," "should," "will," "would," and similar terms
and phrases, including references to assumptions.
Forward-looking statements are based on various assumptions and
analyses made by us in light of our management's experience and
perception of historical trends, current conditions and expected
future developments, as well as other factors we believe are
appropriate under the circumstances. These statements are not
guarantees of future performance and are subject to risks,
uncertainties and other factors (many of which are beyond our
control) that could cause actual results to differ materially from
future results expressed or implied by such forward-looking
statements. These factors include, without limitation, the
following: the timing and occurrence or non-occurrence of events
may be subject to circumstances beyond our control; there may be
increases in competitive pressure among financial institutions or
from non-financial institutions; changes in the interest rate
environment may reduce interest margins or affect the value of our
investments; changes in deposit flows, loan demand or real estate
values may adversely affect our business; changes in accounting
principles, policies or guidelines may cause our financial
condition to be perceived differently; general economic conditions,
either nationally or locally in some or all of the areas in which
we do business, or conditions in the real estate or securities
markets or the banking industry may be less favorable than we
currently anticipate; legislative or regulatory changes may
adversely affect our business; applicable technological changes may
be more difficult or expensive than we anticipate; success or
consummation of new business initiatives may be more difficult or
expensive than we anticipate; or litigation or matters before
regulatory agencies, whether currently existing or commencing in
the future, may be determined adverse to us or may delay the
occurrence or non-occurrence of events longer than we anticipate.
We assume no obligation to update any forward-looking statements to
reflect events or circumstances after the date of this
document.
SOURCE Astoria Financial Corporation