Hudson City's loan portfolio includes $27.4 billion of residential first mortgage loans, 83% of which are in the New York metropolitan area. It is still too early to determine how many of our mortgage loans are located in tidal flood zones, which were the areas most devastated by the storm, and the extent of any damage to those homes. Fortunately, the lack of significant rainfall means that many of the inland flood areas did not experience the significant flooding seen in previous storms. We can confirm that our mortgage loans on properties located in federally designated flood areas have flood insurance as required by Federal regulations. We continue to monitor local conditions and are working hard to meet the needs of our customers."Hudson City Bancorp, Inc. maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank, a well-established community financial institution serving its customers since 1868, is the largest thrift institution headquartered in New Jersey. Hudson City Savings Bank currently operates a total of 135 banking offices in the New York metropolitan and surrounding areas.
Hudson City Savings Bank Responds To Impact Of Hurricane Sandy
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.