Astoria Names New Prez

Monte N. Redman, executive vice president and chief financial officer of Astoria Financial Corp., the Lake Success, N.Y.-based holding company for Astoria Federal Savings and Loan Association, has been named president and chief operating officer of the company.Mr. Redman, 56, has been employed by Astoria Federal for more than 30 years. Astoria also announced the promotion of Frank E. Fusco, 44, from senior vice president and treasurer to executive vice president, treasurer, and CFO. George L. Engelke Jr., 68, will yield the title of president to Mr. Redman while retaining his titles as chairman and chief executive officer, Astoria said. The holding company said identical corporate title changes were also made at Astoria Federal. The company also reported that its board of directors has rescinded the mandatory retirement policy for executive officers, which had previously required the retirement of any executive reaching the age of 70. The company can be found online at http://www.astoriafederal.com.