Astoria Federal Savings (AF) in Lake Success, N.Y., has changed its name to Astoria Bank.

The change was meant to reflect how Astoria has transformed its product offerings over time. Astoria currently provides services for four different types of customers, including retail banking, business banking, multifamily and commercial real estate lending, and residential lending services.

"For more than 125 years, we've adapted and evolved to meet the needs of our expanding customer base and our new name reflects that change," said Monte Redman, chief executive of Astoria Bank, in a news release Monday.

The $15.7 billion-asset Astoria has 86 branches operating throughout the New York City metropolitan area. The community bank opened its first Manhattan branch three months ago, and has plans to open seven more branches in greater New York by the end of 2016.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.