Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Thomas V. Powderly, a director of Astoria Financial Corporation (the "Company") and Astoria Federal Savings and Loan Association ("Astoria Federal"), will reach the mandatory retirement age of seventy-five (75) in August 2012. Accordingly, pursuant to the Bylaws of both the Company and Astoria Federal, Mr. Powderly retired from the Board of Directors of the Company and of Astoria Federal effective upon the close of the regular Boards of Directors meetings of the Company and Astoria Federal, respectively, held on August 15, 2012.