Hudson City Bancorp Inc said Chief Executive Ronald Hermance Jr., 67, passed away unexpectedly on Thursday evening, and named Chief Operating Officer Denis Salamone as successor.Hermance, whose career spanned 26 years at Hudson City, was credited with overseeing the bank's reorganization to a publicly held company from a mutual savings bank.His passing comes before the close of M&T Bank Corp's acquisition of Hudson City for $3.7 billion.The deal, announced in August 2012 and expected to close in the second quarter of 2013, ran into trouble after the Federal Reserve raised concerns about M&T's anti-money laundering procedures.
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 0.3% or $0.03/share to $10.13. 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 2374979.
M&T Bank Corporation (M&T) is a bank holding company. Shares of MTB traded higher by 0.16% or $0.2/share to $125.94. 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 512153.
The Bancorp, Inc. is a financial holding company with a wholly owned subsidiary, The Bancorp Bank (the Bank). Shares of TBBK traded higher by 1.44% or $0.14/share to $9.83. 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 315118.
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