Last $8.90 USD
Change Today +0.05 / 0.56%
Volume 3.5M
HCBK On Other Exchanges
As of 5:20 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

hudson city bancorp inc (HCBK) Snapshot

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09/19/14 - $10.35
52 Week Low
10/16/14 - $8.53
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Current Stock Chart for HUDSON CITY BANCORP INC (HCBK)

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hudson city bancorp inc (HCBK) Details

Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products include passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The company’s loan portfolio comprises one-to four-family residential first mortgage loans; multi-family and commercial mortgage loans; construction loans; consumer loans consisting of fixed-rate second mortgage loans and home equity credit lines; and other loans, including collateralized passbook loans, overdraft protection loans, unsecured personal loans, and secured and unsecured commercial lines of credit. It also provides Internet banking services. As of December 31, 2013, the company operated 135 branch offices in the New York metropolitan area. Hudson City Bancorp, Inc. was founded in 1868 and is based in Paramus, New Jersey.

1,514 Employees
Last Reported Date: 08/7/14
Founded in 1868

hudson city bancorp inc (HCBK) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.1M
President, Chief Operating Officer, President...
Total Annual Compensation: $400.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $504.2K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $450.0K
Chief Risk Officer, Executive Vice President,...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

hudson city bancorp inc (HCBK) Key Developments

Hudson City Bancorp, Inc. Approves an Amendment to Bylaws

On September 16, 2014, the Board of Directors of Hudson City Bancorp, Inc. approved an amendment to the company’s bylaws. Article IV, Section 3 of the company’s bylaws provide that no member of the Board of Directors who has reached the age of 75 shall be eligible for re-election and no person shall be eligible for initial election as a director who is seventy years of age or more. The amendment retains the age limitation for election and re-election, but allows the Board of Directors to waive the age limitation for a specified period of time and for a specified valid reason. The Bylaw amendment became effective on September 18, 2014, following receipt of approval from M&T Bank Corporation, whose approval is required under the terms of the Agreement and plan of merger between the company and M&T, dated August 27, 2012. Following the approval of the Bylaw amendment, in order to provide for continuity and stability of the Board of Directors in light of the extended time period that has been needed to complete the merger with M&T, the Board of Directors, upon recommendation by the Nominating & Governance Committee, approved a waiver of the age limitation for William G. Bardel and Donald O. Quest, M.D., who will reach the age of 75 prior to the company’s 2014 annual meeting of shareholders. In the event the merger with M&T is further delayed, failure to have granted these waivers would have resulted in a reduction in the Board of Directors to seven members, which the Board has deemed too small for the successful management of the company.

Hudson City Bancorp, Inc. and Hudson City Savings Bank Announce Executive Changes

Hudson City Bancorp, Inc. announced that Anthony J. Fabiano has been appointed President and Chief Operating Officer of the company and its wholly-owned subsidiary, Hudson City Savings Bank (the 'Bank'). Mr. Fabiano most recently served as Executive Vice President, Finance and Administration of the company and the Bank. Mr. Fabiano succeeds Denis J. Salamone who was recently appointed Chief Executive Officer and Chairman of the Board of the company and the Bank. Mr. Fabiano was also elected a director of both the company and the Bank Board of Directors, effective immediately. Mr. Fabiano joined Hudson City with the acquisition of Sound Federal Bancorp in 2006 where he served as Senior Vice President and Chief Financial Officer. He immediately assumed a leadership role at Hudson City and became a proven member of senior management's inner circle.

Hudson City Bancorp, Inc. and Hudson City Savings Bank Appoints Denis J. Salamone as Chairman of the Board

Hudson City Bancorp, Inc. announced that Denis J. Salamone was appointed to serve as the Chairman of the Board of Directors of the company and its subsidiary, Hudson City Savings Bank, effective immediately. Mr. Salamone succeeds Ronald E. Hermance, Jr. who passed away on September 11, 2014. The company previously announced that Mr. Salamone was appointed to succeed Mr. Hermance as Chief Executive Officer of the company and the Bank.


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Valuation HCBK Industry Range
Price/Earnings 26.0x
Price/Sales 7.5x
Price/Book 0.9x
Price/Cash Flow 27.6x
TEV/Sales NM Not Meaningful

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