Exhibit 99.1

     ASTORIA FINANCIAL CORPORATION TO ANNOUNCE FOURTH QUARTER AND FULL YEAR
               EARNINGS & HOST CONFERENCE CALL ON JANUARY 26, 2006

LAKE SUCCESS, N.Y., Dec. 27 /PRNewswire-FirstCall/ -- Astoria Financial
Corporation (NYSE: AF), announced that it expects to report fourth
quarter and full year earnings on Thursday, January 26, 2006 at
approximately 8:00 a.m. Eastern Time (ET). A copy of the news release
will be immediately available on its web site, 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), January 26, 2006.

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 at www.astoriafederal.com and will be archived
for one year.

A telephone replay will be available on Thursday, January 26, 2006 from
7 p.m. (ET) through Friday, February 3, 2006, 11:59 p.m.

Replay # (Domestic): (888) 203-1112 - Passcode: 5734845

Replay # (International) (719) 457-0820 - Passcode: 5734845

Astoria Financial Corporation, the holding company for Astoria Federal
Savings and Loan Association, with assets of $22.6 billion is the sixth
largest thrift institution in the United States. Established in 1888,
Astoria Federal is the largest thrift depository headquartered in New
York with deposits of $12.8 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, 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-                             12/27/2005
    /CONTACT:  Peter J. Cunningham, First Vice President, Investor Relations,
Astoria Financial Corporation, +1-516-327-7877, ir@astoriafederal.com /
    /Web site:  http://www.astoriafederal.com /
    (AF)