Item 8.01. Other Events.

On November 14, 2008, Astoria Financial Corporation ("Astoria"), the holding company for Astoria Federal Savings and Loan Association ("Astoria Federal"), filed an application with the Office of Thrift Supervision for the sale of $375 million in preferred stock and related warrants to the U.S. Treasury under the Capital Purchase Program (the "Program") of the Emergency Economic Stabilization Act. Although Astoria is considering participating in the Program to further strengthen its capital base, it does not believe that participation in the Program is necessary for Astoria Federal to maintain its well-capitalized status since capital levels exceed all regulatory requirements. Although the application to participate in the Program has been filed, if it is approved, there is no assurance that Astoria will participate in the program.

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