First, each of us frames an element to the deal that compliments the other. In the case of M&T, Hudson City's strong capital base combined with its high quality portfolio of residential mortgages which carry a favorable risk weighting under regulatory capital rules, will result following a restructuring of a Hudson City security portfolio and long-term borrowings and an immediate start step up in the regulatory capital ratios for the combine company, particularly for the Tier 1 common capital ratio on which regulatory and investment communities have been focused.On Hudson City side, combining with M&T and asset-sensitive balance sheet will mitigate the interest rate risk position they find themselves in today. Further, the combination with M&T will enable Hudson City to move beyond its near-monoline focus on originating and holding residential mortgages toward becoming a full service commercial bank with a wide array with consumer and commercial banking products and services. In addition of a strong provider of these products and services in the Hudson City's banking footprint will surely benefit those customers and those communities. To accomplish this evolution to a full-service commercial bank, M&T expects to hire experienced, commercial and retail bankers in these communities. Those of you who know us well know that while we have been somewhat acquisitive over the years, our acquisition focus had always been on deals that made sense from the standpoint of our customers, employees and shareholders. One thing we've never focused on is filling out our franchise from a geographical perspective, adding pins on the map solely to fulfill someone's idea of "completeness". However in this case, in addition to making full financial and strategic sense the geographic fit also works quite well. While M&T has now full service branches in New Jersey, we've long had a presence across the river in New York City, and up into the Hudson Valley, and of course we've had our commercial bankers active in the New Jersey marketplace for a number of years now.