|Exchange:||NASDAQ national market|
|Stock:||Hudson City Bancorp, Inc.|
|Industry:||Savings & Cooperative Banks|
|Hudson City Bancorp, Inc., is a Delaware corporation organized in 1999 and serves as the holding company of its only subsidiary, Hudson City Savings Bank. The principal asset of Hudson City Bancorp is its investment in Hudson City Savings Bank. The Bank conducts its operations out of its corporate offices in Paramus in Bergen County, New Jersey and through 135 branches in the New York metropolitan area. It operates 97 branches located in 17 counties throughout the State of New Jersey. In New York State, it operates 10 branch offices in Westchester County, 12 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties and 5 branch offices in Richmond County. It also operates 9 branch offices in Fairfield County, Connecticut. It also opens deposit accounts through its internet banking service. It is a community- and consumer-oriented retail savings bank offering traditional deposit products, residential real estate mortgage loans and consumer loans. In addition, it purchases mortgages and mortgage-backed securities and other securities issued by U.S. government-sponsored enterprises as well as other investments permitted by applicable laws and regulations. Its traditional consumer products such as conforming one- to four-family residential mortgages, time deposits, checking and savings accounts appeal to a broad customer base. Its jumbo mortgage lending proficiency and its time deposit and money market products has allowed it to target higher-income customers successfully. Its competition for loans comes from commercial banks, savings institutions, and mortgage banking firms, credit unions, finance companies, insurance companies and brokerage firms. Hudson City Savings is a federally chartered stock savings bank subject to supervision and examination by the Office of the Comptroller of the Currency. The Company is subject to supervision and examination by the Board of Governors of the Federal Reserve System. Its deposits are insured by the Federal Deposit Insurance Corporation.|
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