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Friday, September 12, 2014

Hudson City CEO Ronald Hermance passes away, (NASDAQ: HCBK), (NYSE: MTB), (NASDAQ: TBBK)

Hudson City Bancorp Inc said its Chief Executive Ronald Hermance Jr. passed away unexpectedly on Thursday evening. Hermance, whose career spanned 26 years at Hudson City, was credited with overseeing Hudson City Savings Bank's reorganization to a publicly-held company from a mutual savings bank.Hudson City did not say what caused Hermance's death.His passing comes before the close of M&T Bank Corp's plan to acquire Hudson City for $3.7 billion, which was announced in August 2012.

Hudson City Bancorp, Inc. (Hudson City Bancorp) serves as the holding company of its subsidiary, Hudson City Savings Bank (the Bank). Shares of HCBK traded higher by 0.45% or $0.045/share to $10.14. In the past year, the shares have traded as low as $8.81 and as high as $10.16. On average, 2369910 shares of HCBK exchange hands on a given day and today's volume is recorded at 954701.

M&T Bank Corporation (M&T) is a bank holding company. Shares of MTB traded higher by 0.39% or $0.49/share to $126.23. In the past year, the shares have traded as low as $109.16 and as high as $125.90. On average, 563977 shares of MTB exchange hands on a given day and today's volume is recorded at 183163.

The Bancorp, Inc. is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (the Bank). Shares of TBBK traded higher by 1.65% or $0.16/share to $9.85. In the past year, the shares have traded as low as $8.47 and as high as $20.24. On average, 465039 shares of TBBK exchange hands on a given day and today's volume is recorded at 84890.



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