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This profile was last updated on 4/27/16  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Monte N. Redman

Wrong Monte N. Redman?

President and Chief Executive Off...

Phone: (516) ***-****  
Email: m***@***.com
One Astoria Bank Plaza
Lake Success , New York 11042
United States

Company Description: Astoria Financial Corporation is the unitary savings and loan association holding company of Astoria Federal Savings and Loan Association, and its consolidated...   more

Board Memberships and Affiliations


  • B.S. , Accounting
    New York Institute of Technology
  • Ph.D.
199 Total References
Web References
Astoria Financial Corporation Reports 2016 First Quarter Earnings Per Common Share Of $0.16 [cached]
Monte N. Redman, President and Chief Executive Officer of Astoria, commenting on the results stated, "While we are very pleased with the continued growth that we have seen in both core and business deposits, we remain disappointed by the lack of net growth in our loan portfolio.
Mr. Redman stated, "The current quarter's loan loss release reflects our overall strong credit metrics and the continued contraction in the overall loan portfolio including the positive impact of reductions in the balances of some of our higher risk asset classes."
Non-interest income for the quarter ended March 31, 2016 totaled $11.4 million, compared to $13.5 million for the previous quarter and $12.9 million for the 2015 first quarter. These decreases are primarily due to decreases in mortgage banking (loss) income, net and customer service fees.
General and administrative ("G&A") expense for the quarter ended March 31, 2016 totaled $69.5 million down from $74.5 million for the previous quarter and $70.1 million the 2015 first quarter. Mr. Redman commented, "The decrease in our G&A expense from the prior quarter is largely the result of a decrease of merger related expenses in the first quarter compared to the 2015 fourth quarter."
Commenting on the Company's future outlook, Mr. Redman stated, "As we previously announced on October 29, 2015, we have entered into a definitive agreement to merge with New York Community Bancorp ("NYCB") which was approved by the respective shareholders of Astoria and NYCB at their recent shareholder meetings.
Shareholders Approve the Proposed Merger of Astoria Financial Corporation with and into New York Community Bancorp, Inc. | Business Wire [cached]
At Astoria Financial's special meeting, which also was held this morning, Monte N. Redman, President and Chief Executive Officer of Astoria, commented, "I want to thank the shareholders of Astoria Financial Corporation for the overwhelming support they have shown regarding our plan to merge with NYCB.
Concern for Independent Living Inc. | FHLBNY AWARDS $2 MILLION IN AFFORDABLE HOUSING GRANTS IN NEW YORK CITY: Press Release [cached]
Together with the Federal Home Loan Bank of New York, we are proud to assist Concern for Independent Living with financing for this exciting initiative," said Monte N. Redman, President and Chief Executive Officer of Astoria Federal Savings.
"We are honored and proud to ... [cached]
"We are honored and proud to be sponsoring the Astoria Bank July 4th Fireworks Spectacular at Jones Beach this summer," said Astoria Bank CEO & President Monte Redman.
Astoria president and chief executive ... [cached]
Astoria president and chief executive Monte N. Redman and chairman Ralph Palleschi will join the board of directors of New York Community and its bank subsidiaries.
"We have found a very strong partner in New York Community Bank," which has provided "great service" to the community, Redman said in an interview. "It's a great deal for both companies, and we look forward to driving greater shareholder value."
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Astoria's branches will operate under a new division of New York Community. Branches located near each other will likely be "consolidated," Redman said.
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