LAKE SUCCESS, N.Y.,
May 25 /PRNewswire-FirstCall/ --
Astoria Financial Corporation (NYSE: AF) (the "Company"), the
holding company for Astoria Federal Savings and Loan Association
("Astoria Federal"), announced today with great sadness, the death
of Thomas J. Donahue on May 23, 2010. Mr. Donahue was a member of the
Board of Directors of the Company since November 18, 1993 and Astoria Federal since
November 28, 1990.
A former certified public accountant, Mr. Donahue retired as a
partner of Peat, Marwick, Mitchell & Co., the predecessor of
KPMG LLP in 1986 following a distinguished career of 25 years.
Following his public accounting career, Mr. Donahue provided
professional consulting services to senior management teams, boards
of directors and regulatory agencies in several capacities.
He served both the Company and Astoria Federal as Chairman of
the Audit Committee and a member of the Compensation Committee.
George L. Engelke, Jr., Chairman
and Chief Executive Officer, commented, "We are deeply saddened to
report the loss of not only a valued director and business
colleague, one whose expertise, counsel and guidance to the Boards
of both the Company and Astoria Federal served us well during his
20 year tenure, but also the loss of a good friend. We extend
our sincerest sympathy to his wife Maureen and their family.
He will be greatly missed."
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.
SOURCE Astoria Financial Corporation