Thu, Mar. 12, 9:20 AM
- In addition to the $0.70 per share quarterly payout and $200M in repurchases, M&T Bank (NYSE:MTB) has permission to redeem or repurchase up to $310M of trust preferred securities.
- There's no news on the long-pending Hudson City Bancorp (NASDAQ:HCBK) purchase other than M&T did include pro forma projections incorporating the purchase in its CCAR submission.
- Source: Press Release
HCBK vs. ETF Alternatives
Hudson City Bancorp Inc serves as the holding company for Hudson City Savings Bank. It is a community and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans.
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