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Community and regional banks should be subjected to simpler rules than very large banks, the chairman and CEO of the Buffalo, N.Y., company said. In fact, size is the wrong determinant for risk-based regulation, he said.
March 5 -
Hudson City Bancorp in Paramus, N.J., has been released from an enforcement action with federal regulators.
February 27 -
In his annual shareholder address, the longtime CEO explained how M&T is working to fix its BSA compliance issues, took a swipe at megabanks and sang the praises of the bank's hometown.
March 10
M&T Bank and Hudson City Bancorp plan to mail ballots this week to shareholders asking for approval of the companies' planned merger.
The announcement, disclosed in a regulatory filing made on Monday by Hudson City, is a possible precursor to the deal finally closing. M&T's agreement to acquire Hudson City was
The deal between the $97 billion-asset M&T in Buffalo, N.Y., and the $37 billion-asset Hudson City in Paramus, N.J., is currently scheduled to close by May 1. The closing deadline was
Hudson City has taken other steps recently to prepare for a potential closing. The company on Friday
Additionally, Hudson City on Monday informed executives and directors of a trading blackout period on their Hudson City equity securities.
M&T Bank did not file a document on Monday to accompany Hudson City's filing with the Securities and Exchange Commission. M&T Bank
Shares of Hudson City rose 3.3% to $10.76 in Monday morning trading, the second-best performance in the 86-company Standard & Poor's 500 Financials Index. Its shares settled back to $10.49 at the close, a slight increase from a day earlier. M&T gained 1.1% to $129.42 in morning trading and finished down slightly at $127.33.