April 10, 1997 THE GREATER NEW YORK SAVINGS BANK One Penn Plaza, New York, NY 10119 Dear Stockholder: On March 31, 1997, The Greater New York Savings Bank ("The Greater") announced that it had entered into an Agreement and Plan of Merger (the "Merger...Merger Agreement • April 10th, 1997 • Greater New York Bancorp Inc • Savings institutions, not federally chartered
On March 31, 1997, The Greater New York Savings Bank ("The Greater") announced that it had entered into an Agreement and Plan of Merger (the "Merger Agreement") with Astoria Financial Corporation, a Delaware corporation ("Astoria Financial"), and Astoria Federal Savings and Loan Association, a federally chartered savings and loan association and a wholly-owned subsidiary of Astoria Financial (the "Association"). The Merger Agreement provides, among other things, that The Greater will be merged with and into the Association, with the Association being the surviving corporation (the "Merger").
