George Engelke Jr., former chairman, president, and chief executive of the Astoria Financial in Lake Success, N.Y., has died.
Engelke, 76, joined Astoria in 1971 and was its CEO from 1989 until his retirement from that post in 2011. He was chairman from 1997 to 2012.
Under his leadership, Astoria grew from a relatively small mutual savings bank into what was the-fifth largest publicly traded thrift in the U.S. at the time of his retirement. The $16 billion-asset company grew with the help of acquisitions, including Fidelity New York Savings Bank, Greater New York Savings Bank and Long Island Savings Bank.
Engelke also served as chairman of the Federal Home Loan Bank of New York, was a director of the Community Preservation Corp. and chairman of the Savings Bank Association. A trained certified public accountant, he was also a member of the Financial Accounting Standards Advisory Council.
Engelke died over the weekend, though Astoria just announced his passing on Tuesday.