It is 50% bigger in terms of market cap than the next largest thrift, People's United Financial ( PBCT ) ( Hudson City Bancorp is the same size as PBCT, but it is the target in a pending merger.) I've written three detailed articles
Wilmington Trust also faces suit by heirs to the Mennen fortune for losses they suffered. There continues to be no progress to report on regulatory approval of M&T's takeover of Hudson City Bancorp ( HCBK -1.1% ). Post your comment!
Hudson City Banc ( HCBK ): Q3 EPS of $0.09 beats by $0.01 . ( PR ) Post your comment!
M&T's presence in the attractive mid-Atlantic region and provides a welcome source of non-interest income, while Hudson City will add a base of well-off customers.M&T has proven to be a skillful acquirer. This could benefit the bank if middling
risk management, capital planning and stress testing, and compliance. The company has already delayed its acquisition of Hudson City because of issues with anti-money-laundering standards. The company's efficiency ratio rose to 56%, partly as a result
Sandler O'Neill analyst Mark Fitzgibbon speculated that if M&T Bank's ( MTB ) $3.8 billion deal for Hudson City Bancorp ( HCBK ) fell through (the deal was announced nearly a year ago, on August 27, 2012; regulatory issues at MTB
Hudson City Banc ( HCBK ): Q1 EPS of $0.10 misses by $0.01 . ( PR ) Post your comment!
deficiencies in M&T's Bank Secrecy Act/Anti-Money Laundering compliance. As a result, M&T's acquisition of Hudson City Bancorp HCBK will be delayed for the time being. At this time, we don't expect this issue to scuttle the merger, but
expand its balance sheet considerably during the year, with its net loan book increasing 11%. The pending acquisition of Hudson City should provide even more opportunities for growth. While M&T faces the same interest rate headwinds as the rest of the
Bank MTB announced that it will acquire Hudson City Bancorp HCBK, taking advantage of a unique opportunity ..... New York, and Connecticut as a result of Hudson City 's damaged business model. Hudson City shareholders will receive .08403 shares