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Astoria Financial agrees to be bought by Sterling Bancorp for $2.2B

Astoria Financial Corp. said Tuesday it has agreed to be acquired by Montebello, New York-based Sterling Bancorp in an all-stock deal worth $2.2 billion.

The combined bank will have about $29 billion in assets and $19 billion in deposits.

The announcement of the deal comes less than three months after Lake Success-based Astoria Financial's deal to be taken over by New York Community Bancorp was terminated.

The two companies didn't disclose why that deal, valued at $2 billion wh

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