TITLE

Astoria CEO: We'd Buy, Not Build

AUTHOR(S)
Kulikowski, Laurie
PUB. DATE
March 2006
SOURCE
American Banker;3/2/2006, Vol. 171 Issue 41, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the statement by Astoria Financial Corp.'s chief executive, George L. Engelke Jr., that expansion of the $22 billion-asset thrift's network of 86 branches would more likely happen through acquisition than building. Astoria has not been building or buying for years. Its latest acquisition, of the 35-branch Long Island Bancorp Inc., was in 1998 and it has not opened a new branch since 1977.
ACCESSION #
19912412

 

Related Articles

  • Astoria's chairman building N.Y. thrift empire. Talley, Karen // American Banker;5/19/1998, Vol. 163 Issue 94, p1 

    Profiles George L. Engelke, chairman of the Astoria Financial Corporation and his proposed deal involving the acquisition and merging of Long Island Bancorp with Astoria. Details on the benefits to be derived from this move by Astoria; What was the cost of the deal; Detailed information on the...

  • A Portfolio Lender Sees Jumbo Upside. Rieker, Matthias // American Banker;8/21/2007, Vol. 172 Issue 161, p1 

    The article reports on a 2007 announcement from the Lake Success, New York based mortgage lender Astoria Financial Corp. and its chief executive George L. Engelke Jr. In the announcement the company revealed that it has seen a dramatic jump in 2007 demand for its most financially profitable...

  • Astoria's deal for LISB signals more mergers, at higher prices. Isidore, Chris // Crain's New York Business;04/06/98, Vol. 14 Issue 14, p4 

    Focuses on the effect which Astoria Financial Corporation's acquisition of Long Island Bancorp Incorporated could have on bank and thrift merger activity in New York. Comments from George L. Engelke, chief executive of Astoria; When the deal is expected to be closed; Identification of small...

  • Astoria wins N.Y. bid war--would be No. 6 thrift. Talley, Karen // American Banker;4/6/1998, Vol. 163 Issue 64, p1 

    Reports that in a deal that would vault Astoria Financial Corporation into the top rank of New York's banking market, it has agreed to buy Long Island Bancorp. Amount of money Astoria agreed to pay for Long Island; Circumstances surrounding the deal; Identification of other companies which were...

  • Astoria may face off with North Fork for Long Island Bancorp. Talley, Karen // American Banker;2/25/1998, Vol. 163 Issue 37, p1 

    Reports on the offer made by Astoria Financial Corporation to purchase Long Island Bancorp in Long Island, New York. Value of the offer; Information on the counterproposal made by Long Island Bancorp; Reference to the decision of North Fork Bancorp to increase its share in Long Island Bancorp.

  • Astoria wins N.Y. bid war--would be No. 6 thrift. Talley, Karen // American Banker;4/6/1998, Vol. 163 Issue 64, p1 

    Reports that in a deal that would vault Astoria Financial Corporation into the top rank of New York's banking market, it has agreed to buy Long Island Bancorp. Amount of money Astoria agreed to pay for Long Island; Circumstances surrounding the deal; Identification of other companies which were...

  • Astoria Feels Squeeze from Yield Curve. Johnson, Hilary // American Banker;1/26/2007, Vol. 172 Issue 18, p20 

    The article focuses on Astoria Financial Corp. which reported fourth-quarter earnings that matched the estimates of Thomson Financial analysts. The Lake Success, New York company reported profits falling 36% from a year earlier. The company's chief executive officer (CEO), George L. Engelke Jr.,...

  • Astoria CEO Plans A July Retirement. Davidson, Kate // American Banker;1/28/2011, Vol. 176 Issue F304, p4 

    The article reports that chief executive George L. Engelke Jr. will resign that position but remain chairman of the board at Astoria Financial Corp.

  • Astoria's Engelke Steps Down as Thrift's Chairman. Stewart, Jackie // National Mortgage News;6/25/2012, Vol. 36 Issue 39, p1 

    The article announces the resignation of George L. Engelke Jr. as chairman of Astoria Financial Corp. and the appointment of Ralph F. Palleschi replacing Engelke.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics