This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Astoria Financial Corporation Names John J. Corrado To Its Board Of Directors

LAKE SUCCESS, N.Y., Sept. 19, 2012 /PRNewswire/ -- Astoria Financial Corporation (NYSE: AF) (the "Company"), the holding company for Astoria Federal Savings and Loan Association ("Astoria Federal"), announced today that their Boards of Directors appointed John J. Corrado, effective October 17, 2012, to serve as a director of both the Company and Astoria Federal. 

Mr. Corrado, 48, is President of Suffolk Bus Corp. and Suffolk Transportation Service, Inc. which provide both transit and special-needs transportation in Suffolk County.  Today, with a workforce of over 1,500 employees, Suffolk Transportation is the largest bus company in Suffolk County, serving over 25,000 school children and 10,000 public transit passengers each day.  Prior to this, Mr. Corrado was employed with the public accounting firm Deloitte Haskins & Sells, the predecessor of Deloitte LLP.

Mr. Corrado, a certified public accountant, is a graduate of The University of Michigan/School of Business Administration.  Through his affiliation with the New York School Bus Contractor's Association and the Bus Association of New York, he has played an integral part in formulating the safety standards that govern the bus industry today.  Locally, John has been supportive of many organizations and charities.  He is chairman of United Way of Long Island, a member of the SUNY Stony Brook Council and is a graduate of the Molloy College Energeia Partnership, a leadership academy dedicated to identifying and addressing the challenges facing the Long Island region and developing sustainable solutions.  His current board affiliations include NYC COP-SHOT, the Suffolk County Parks Foundation and the Make It Count Foundation.   

Commenting on Mr. Corrado's appointment, Ralph F. Palleschi, Chairman of the Board of the Company and Astoria Federal and Monte N. Redman, a director, President and Chief Executive Officer of both organizations, stated, "We are delighted that John will be joining the Boards of both Astoria Financial Corporation and Astoria Federal.  His solid management and financial background coupled with his extensive community leadership will serve us well as we execute our business plan and implement strategies to enhance shareholder value."

Astoria Financial Corporation, with assets of $17.6 billion, is the holding company for Astoria Federal Savings and Loan Association.  Established in 1888, Astoria Federal, with deposits in New York totaling $10.7 billion, is the largest thrift depository 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,  Astoria Federal 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 38 individual states.  Astoria Federal originates mortgage loans through its banking and loan production offices in New York, an extensive broker network covering fourteen states, primarily along the East Coast, and the District of Columbia, and through correspondent relationships covering fifteen states and the District of Columbia.

SOURCE Astoria Financial Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $117.52 7.90%
GOOG $691.20 -2.10%
TSLA $247.54 -1.60%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs