Hudson City mulling options as sale to M&T delayed again

|About: Hudson City Bancorp, Inc. (HCBK)|By:, SA News Editor

The Fed informed M&T Bancorp (NYSE:MTB) late Friday that it will not be able to approve its purchase of Hudson City Bancorp (NASDAQ:HCBK) ahead of the April 30 termination date.

The two banks have discussed this latest disappointment, and Hudson City is going to take some time so decide on its next moves. CEO Denis Salamone: "We continue to believe the strategic and economic fundamentals of the merger of Hudson City and M&T are attractive to Hudson City's shareholders, customers and the communities we serve."

Subscribe for full text news in your inbox