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HCBK on NASDAQ

Hudson City Bancorp

Logo: Hudson City Savings Bank, Public domain, via Wikimedia Commons4

Hudson City Bancorp, Inc., based in Paramus, in the U.S. state of New Jersey, was a bank-holding company for Hudson City Savings Bank, its only subsidiary, then the largest savings bank in New Jersey and one of the oldest banks in the United States, with US$50 billion in assets. It was a fully publicly held entity and a former member of the S&P 500 stock market Index. In 2005, its US$3.93 billion secondary offering of common stock was the largest in United States banking history.3 It was founded in 1868.1 Its shares trade on NASDAQ under the symbol HCBK.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1868Founded1

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  • TickerHCBK on NASDAQ1
  • IndustrySavings Institutions, Not Federally Chartered1
  • HeadquartersParamus1
  • Incorporated inDE5
  • Business addressWest 80 Century Rd, Paramus, Nj 076525
  • Filer categoryLarge accelerated filer5

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Hudson City Bancorp, Inc., based in Paramus, in the U.S. state of New Jersey, was a bank-holding company for Hudson City Savings Bank, its only subsidiary, then the largest savings bank in New Jersey and one of the oldest banks in the United States, with US$50 billion in assets. It was a fully publicly held entity and a former member of the S&P 500 stock market Index. In 2005, its US$3.93 billion secondary offering of common stock was the largest in United States banking history. At the time, it was also the seventh largest domestic public offering in United States history The bank avoided the excesses of the housing boom and was labeled "best bank of 2007" by Forbes. M&T Bank agreed to acquire Hudson City on August 27, 2012.3

What it owns

What Hudson City Bancorp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$5.8M7 Dec 31, 2014$5.8M7 Dec 31, 20130%
Buildings and improvements$56.1M7 Dec 31, 2014$56.0M7 Dec 31, 2013+0.2%
Furniture and fixtures$105.9M7 Dec 31, 2014$103.9M7 Dec 31, 2013+1.9%
Leasehold improvements$47.0M7 Dec 31, 2014$46.9M7 Dec 31, 2013+0.2%
Property and equipment, before depreciation$214.9M7 Dec 31, 2014$212.7M7 Dec 31, 2013+1.0%
Accumulated depreciation$158.3M7 Dec 31, 2014$147.3M7 Dec 31, 2013+7.4%
Property and equipment, net$56.6M7 Dec 31, 2014$65.4M7 Dec 31, 2013−13.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.3B7 Dec 31, 2014$4.3B7 Dec 31, 2013+45.3%
Debt securities available for sale$3.6B7 Dec 31, 2014$290.2M8 Dec 31, 2013+1138.4%
Debt securities held to maturity$39.0M7 Dec 31, 2014$39.0M7 Dec 31, 20130%
Loans, net of allowance$21.4B7 Dec 31, 2014$23.9B7 Dec 31, 2013−10.5%
Deposits held (banks)$19.4B7 Dec 31, 2014$21.5B7 Dec 31, 2013−9.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$152.1M7 Dec 31, 2014$152.1M7 Dec 31, 20130%

Leadership

Who has led Hudson City Bancorp, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Ronald E. Hermance Jr.2006–2014
  2. Denis J. Salamone2012–2015

Chair

  1. Ronald E. Hermance Jr.2006–2014
  2. Denis J. Salamone2012–2015

President

  1. Ronald E. Hermance Jr.2006–2010
  2. Denis J. Salamone2011–2014
  3. Anthony J. Fabiano2015

Chief operating officer

  1. Anthony J. Fabiano2015
197019801990200020102020
Board members and other officers (37)

Acquisitions

On August 27, 2012, Hudson City Bancorp agreed to a buy-out by Buffalo, New York–based M&T Bank for $3.7 billion. M&T was to gain $25 billion in deposits and $28 billion in loans, along with 135 branch locations, 97 of which are located in New Jersey. Thereafter, Hudson City Bancorp became a better buyer of all specified pools. The buy-out was delayed for more than three years due to concerns by the Federal Reserve Board about M&T's anti-money laundering compliance.

The Federal Reserve finally approved the acquisition in September 2015, and on November 1, 2015, Hudson City Bancorp became an M&T subsidiary. At 1,129 days, it is by far the longest delayed bank merger in history. Since November 1, Hudson City has operated as a subsidiary of M&T. M&T plans to completely integrate and rebrand branch locations by February 16.

From Wikipedia’s article on Hudson City Bancorp, shared under CC BY-SA 4.0.6

Timeline

  1. May 1, 2012New chief executive Denis J. Salamone becomes CEO9
  2. Jan 24, 2006New chief executive Ronald E. Hermance Jr. becomes CEO10
  3. 1868Founded Founded1

SEC filer profile

How Hudson City Bancorp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHUDSON CITY BANCORP INC2
  • CIK0000921847
  • Employer ID (EIN)22-36403932
  • Filer statusLarge accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6036 Savings Institutions, Not Federally Chartered2
  • Business addressWest 80 Century Rd, Paramus, NJ 076522
  • Mailing addressWest 80 Century Road, Parmus, NJ 076522
  • Phone20196719002
  • Shares outstanding529,529,490 as of Aug 4, 201549
  • Public float$4.6B as of Jun 30, 20147
  • On EDGAR sinceMar 15, 19992
  • Filings1,075 in all: 4 (538), 8-K (184), 5 (77), 10-Q (50), SC 13G/A (34), 425 (27), 3 (20), 11-K (15)2
    All 39 form types

    DEF 14A (15), 10-K (14), SC 13G (14), UPLOAD (12), CORRESP (10), 4/A (9), 424B3 (8), DEFA14A (7), S-8 (5), 10-K/A (4), ARS (4), S-8 POS (4), 10-K405 (2), 10-Q/A (2), 8-K/A (2), S-1/A (2), S-3/A (2), 11-K/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 8-A12G (1), DEFM14A (1), DEFS14A (1), NO ACT (1), PRE 14A (1), S-1 (1), S-3 (1), S-3ASR (1), SC 13D (1), SE (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2015
    Quarterly report (10-Q) Aug 7, 2015
    Proxy statement (DEF 14A) Nov 5, 2014
    Latest 8-K (8-K) Nov 2, 2015

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