UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
report (Date of earliest event reported): January 27, 2011
ASTORIA
FINANCIAL CORPORATION
(Exact
name of registrant as specified in its charter)
Delaware
|
001-11967
|
11-3170868
|
(State
or other jurisdiction of
incorporation
or organization)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
ONE
ASTORIA FEDERAL PLAZA, LAKE SUCCESS, NEW YORK 11042-1085
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (516) 327-3000
NOT
APPLICABLE
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR
240.14a-12(b))
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
7.01.
|
Regulation FD
Disclosure.
|
On
January 27, 2011 Astoria Financial Corporation (the “Company”) held its
quarterly earnings conference call during which time Monte N. Redman, President
and Chief Operating Officer of the Company disclosed the following information
regarding the repricing of assets and liabilities during 2011.
CDs
scheduled to mature within the next four quarters:
1Q11: $1.1
billion with a weighted average rate of 1.54%
2Q11: $0.9
billion with a weighted average rate of 1.95%
3Q11: $0.6
billion with a weighted average rate of 1.69%
4Q11 $0.7
billion with a weighted average rate of 1.17%
CDs were
either issued or repriced during December 2010 with a weighted average rate of
72 basis points.
Borrowings
scheduled to reprice during the next four quarters:
1Q11: $0.4
billion with a weighted average rate of 3.17%
2Q11: $0.2
billion with a weighted average rate of 3.61%
3Q11: $0.4
billion with a weighted average rate of 4.05%
4Q11: $0.1
billion with a weighted average rate of 4.00%
Hybrid
ARMs scheduled to reset and reprice downward into one-year ARMS:
1Q11: $0.7
billion with a weighted average rate of 4.58%
2Q11: $0.9
billion with a weighted average rate of 4.31%
3Q11: $1.1
billion with a weighted average rate of 4.41%
4Q11: $1.1
billion with a weighted average rate of 4.37%
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
ASTORIA
FINANCIAL CORPORATION
|
|
By: /s/ Peter J.
Cunningham
Peter
J. Cunningham
First
Vice President and
Director
of Investor Relations
|
|
Dated: January
27, 2011