Exhibit 99.1

    ASTORIA FINANCIAL CORPORATION TO ANNOUNCE SECOND QUARTER EARNINGS & Host
                        CONFERENCE CALL ON JULY 21, 2005

LAKE SUCCESS, N.Y., June 23 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF), announced that it expects to report second
quarter earnings on Thursday, July 21, 2005 at approximately 8:00 a.m.
Eastern Time (ET). A copy of the news release will be immediately
available on its web site, http://www.astoriafederal.com .

The Company also announced that George L. Engelke, Jr., Chairman, President &
CEO of Astoria will host an earnings conference call on Thursday afternoon at
3:30 p.m. (ET), July 21, 2005.

     Toll-free dial-in:      (800) 967-7140

International dial-in: (719) 457-2629

A simultaneous webcast of the conference call will also be available on the
Company's web site http://www.astoriafederal.com and will be archived for one
year.

A telephone replay of the conference call will be available on July 21, 2005
from 7 p.m. through Friday, July 29, 2005, 11:59 p.m.

Replay # (Domestic): (888) 203-1112 - Passcode: 6447378

Replay # (International): (719) 457-0820 - Passcode: 6447378

Astoria Financial Corporation, the holding company for Astoria Federal Savings
and Loan Association, with assets of $23.3 billion is the fifth largest thrift
institution in the United States. Established in 1888, Astoria Federal is the
largest thrift depository headquartered in New York with deposits of $12.6
billion and embraces its philosophy of Putting people first by providing the
customers and local communities it serves with quality financial products and
services through 86 convenient banking office locations and multiple delivery
channels, including its enhanced website, http://www.astoriafederal.com .
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 39 individual states.
Astoria Federal originates mortgage loans through its banking offices and loan
production offices in New York, an extensive broker network in twenty-three
states, primarily the East Coast and the District of Columbia, and through
correspondent relationships in forty-four states and the District of Columbia.

SOURCE  Astoria Financial Corporation
    -0-                             06/23/2005
    /CONTACT:  Peter J. Cunningham, First Vice President, Investor Relations,
+1-516-327-7877, ir@astoriafederal.com/
    /Web site:  http://www.astoriafederal.com /