Astoria Bank announced plans Friday to open its 88th branch, in Long Island City, before the end of the year.

Lake Success-based Astoria said the new location, at 26-26 Jackson Ave., is undergoing renovations.

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"Recent surges in business and residential development have helped to turn this once heavily industrial area of Queens into a diverse and vibrant neighborhood, and we look forward to satisfying the community's growing financial needs," Astoria Bank president and CEO Monte Redman said in a statement.

Astoria Bank has assets of $15.3 billion.