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Astoria Financial Corp – ‘DEFA14A’ on 7/10/97

As of:  Thursday, 7/10/97   ·   Accession #:  882377-97-235   ·   File #:  0-22228

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 7/10/97  Astoria Financial Corp            DEFA14A                1:7K                                     Thacher Proffitt..LLP/FA

Additional Definitive Proxy Solicitation Material   —   Schedule 14A
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: DEFA14A     Astoria Financial Corporation                          3     11K 

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SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Filed by the Registrant /X/ Filed by a Party other than the Registrant / / Check the appropriate box: / / Preliminary Proxy Statement / / Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) / / Definitive Proxy Statement /X/ Definitive Additional Materials / / Soliciting Material Pursuant to ss.240.14a-11(c) or ss.240.14a-12 ASTORIA FINANCIAL CORPORATION ------------------------------------------------ (Name of Registrant as Specified In Its Charter) N/A ------------------------------------------------------------------------ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): /X/ No fee required. / / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: / / Fee paid previously with preliminary materials. / / Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed:
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Contact: Raymond L. Teed Matthew Lee Vice President Executive Director Astoria Federal Savings Inner City Press/ (516) 327-7635 Community on the Move (718) 716-3540 ASTORIA FEDERAL SAVINGS AND LOAN ASSOCIATION AND INNER CITY PRESS ANNOUNCE COMMUNITY REINVESTMENT BANKING AGREEMENT FOR EXPANDED COMMITMENT TO LOW AND MODERATE INCOME NEIGHBORHOODS IN NEW YORK CITY FOR IMMEDIATE RELEASE New York, NY and Lake Success, NY, July 10, 1997 -- Astoria Federal Savings and Loan Association, the wholly owned subsidiary of Astoria Financial Corporation (Nasdaq: ASFC), and Inner City Press/Community on the Move (ICP) today announced the execution of a Community Reinvestment Banking Agreement (the "Agreement"). As a result of the Agreement, ICP, a community, consumers' and civil rights organization, has determined not to oppose applications regarding the proposed acquisition of The Greater New York Savings Bank (Nasdaq: GRTR) by Astoria Federal Savings and Loan Association pending before the Office of Thrift Supervision and the New York State Superintendent of Banks. Under the Agreement, Astoria will expand the banking and lending services it offers in low and moderate income neighborhoods in Brooklyn and Manhattan, and its community development investments throughout the five boroughs of New York City. As part of the Agreement, Astoria has committed to making an additional $25 million of loans in low and moderate income census tracts in Brooklyn and Manhattan over the next three years, and to opening two new automatic teller machines (ATMs) in Northeast Brooklyn, following the planned merger of Astoria and The Greater. In addition, Astoria announced that, regardless of
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the consummation of the merger, it will increase its community development investments in the five boroughs of New York City, with no borough receiving less than one-eight of the commitment. Matthew Lee, executive director and general counsel of ICP, said "In negotiating this agreement with Astoria, we have concluded that acquisition of The Greater by Astoria will increase equal access to credit in low and moderate income communities in Brooklyn and Manhattan. Access to banking services, through new ATMs in low and moderate income communities, is another benefit Astoria has committed to. We applaud Astoria for addressing the issues we raised." Astoria Federal Savings and Loan Association commented, "Our organizations each approached these discussions based upon furthering our common objectives of ensuring that, within Astoria Federal's market area, banking services and lending opportunities will be available to all communities, including low and moderate income areas." Astoria Federal Savings, which has a Community Reinvestment Act ("CRA") rating from the Office of Thrift Supervision of "Outstanding" has indicated that it intends, as part of its acquisition of The Greater New York Savings Bank, to expand Astoria Federal's CRA assessment area to include the Boroughs of Brooklyn and Manhattan. The merger of Astoria Federal Savings and Loan Association and The Greater New York Savings Bank, which is expected to close at or about the end of the third quarter of 1997, is subject to regulatory approvals and the approval of shareholders of Astoria Financial Corporation and The Greater New York Savings Bank. Astoria Financial Corporation, headquartered in Lake Success, New York, is the holding company for Astoria Federal Savings and Loan Association. With assets of $7.7 billion, Astoria Financial is the third largest publicly traded thrift in New York and fifteenth nationally. Established in 1888, Astoria Federal operates forty-five banking offices and provides retail banking, mortgage and consumer loan services to over 250,000 customers. ###

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Filing Submission 0000882377-97-000235   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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