Jericho, NY: First Long Island Investors, LLC (“FLII”) announced that Ralph F. Palleschi, President and Chief Operating Officer, was appointed non-executive Chairman of the Board of Directors of Astoria Financial Corporation (NYSE: AF), the holding company for Astoria Federal Savings and Loan Association. Palleschi, a certified public accountant, co-founded First Long Island Investors, Inc., the Jericho-based independent employee owned wealth management firm, in 1983. FLII oversees approximately one billion dollars in assets. Mr. Palleschi continues to serve as President and Chief Operating Officer of FLII.

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