Astoria Financial Corp. in Lake Success, N.Y., says it wants to be ready to raise capital should it need it.
The $20.1 billion-asset company announced Wednesday that it has filed a shelf registration with the Securities and Exchange Commission to issue and sell an indeterminate amount of stock.
The company said the amount to be sold would be determined at the time of any offering, though it has no immediate plan to raise capital.
George L. Engelke Jr., the thrift company's chairman and chief executive, said in a press release that the shelf registration gives the company flexibility to act should opportunities arise or should the regulatory environment change.
As of March 31, its Astoria Federal Savings and Loan unit had a total risk-based capital ratio of 13.11%.
