Jan. 29, 2013
/PRNewswire/ -- M&T Bank and Hudson City Savings Bank announced today the collective efforts of employees, customers, directors and retirees have raised
for the American Red Cross Hurricane Sandy Relief Fund. The money will be directed to American Red Cross chapters in
to assist people in communities recovering from the natural disaster.
"Even with the resources available to us, my office was closed for almost six weeks," said
, branch manager of Hudson City Savings Bank's Midland Beach Office on
. "But sadly there are many other individuals and businesses in this hard hit area that are having a much harder time getting back on their feet. These contributions will go a long way toward helping them recover. I am extremely proud that our two institutions — and so many individuals associated with them — have contributed so much to help those in areas like this."
"This generous response from our employees, associates and customers will help a lot of people during their time of need," said
, administrative vice president for commercial banking at M&T Bank's
regional headquarters in
. "This was one of the worst storms to hit
in decades and there are a lot of local businesses that are still getting back on their feet to this day."
The storm also impacted individuals and businesses across
"Many of our customers were severely affected, and these contributions will provide sorely needed help," said
, regional vice president for Hudson City's retail branches located along the
"Behind the grand total of the economic impact in
, there are thousands of families that have experienced devastating personal losses and are still trying to rebuild their homes and lives. We hope these contributions can be used to aid them in this long process," said
, senior vice president managing M&T Bank's
Saddle Brook, New Jersey
commercial banking office.
M&T Bank and Hudson City Savings Bank each made initial commitments of
to the American Red Cross during the first week of November. The employees, directors and retirees of both M&T Bank and Hudson City Savings Bank donated a combined
to the relief effort. M&T Bank matched all of those contributions for an additional
. Bank customers made
of donations at bank branches in November and December to round out the grand total of
August 27, 2012
, Hudson City Bancorp, Inc. (NASDAQ: HCBK) and M&T Bank Corporation (NYSE: MTB) announced they have entered into a definitive agreement under which Hudson City will merge into a subsidiary of M&T, expanding the premier community banking franchise in the eastern
. The merger has been approved by the boards of directors of each company, and is subject to certain conditions, including regulatory approvals and approval by M&T's and Hudson City's common shareholders.
M&T Bank is the principal bank subsidiary of
-based M&T Bank Corporation, which serves customers at branch offices located in
District of Columbia
. For further information visit
Hudson City Bancorp, Inc. maintains its corporate offices in
, 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 branch offices in the
metropolitan and surrounding areas.
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