Acquisition History / Astoria Bank / Long Island Savings Bank
Astoria Bank Acquires Long Island Savings Bank
Announced January 1998 — $1.80B
What happened
Long Island Savings Bank was a company, acquired by Astoria Bank for $1.8 billion.
- Acquirer
- Astoria Bank
- Target
- Long Island Savings Bank
- Announced
- January 1998
- Price
- $1.80B
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Astoria Bank acquire Long Island Savings Bank?
Astoria Bank acquired Long Island Savings Bank on January 1998. This was Astoria Bank's 1st publicly tracked acquisition out of 1 we have on record.
How much did Astoria Bank pay for Long Island Savings Bank?
Astoria Bank paid $1.80B for Long Island Savings Bank.
What does Long Island Savings Bank do?
Long Island Savings Bank was a company, acquired by Astoria Bank for $1.8 billion.