M&T Bank And Hudson City Savings Bank Team For Hurricane Sandy Relief
Banks Each Donate $250,000, M&T Will Match Additional Employee Contributions
BUFFALO, N.Y. and PARAMUS, N.J., Nov. 7, 2012
BUFFALO, N.Y. and PARAMUS, N.J., Nov. 7, 2012 /PRNewswire/ --Hudson City
Savings Bank announced today it will contribute $250,000 to the American Red
Cross to assist victims of Hurricane Sandy.
Additionally, M&T Bank plans to match all contributions made to the Red Cross
by Hudson City Savings Bank employees, directors and retirees, as well as
those contributions made by M&T Bank employees, directors and retirees.
The commitment announced today builds on the $250,000 corporate contribution
to the American Red Cross already announced by M&T Bank. The two companies
have now made contributions totaling $500,000 and will work together to raise
additional funds for the American Red Cross.
"This was the worst storm ever to hit many communities in our home state of
New Jersey and the surrounding New York City metropolitan area. Many
communities have suffered unimaginable devastation and we're joining together
with our employees, associates, customers and neighbors to help the Red Cross
aid in the relief effort," said Hudson City Chairman and CEO Ronald E.
"The communities affected by this unprecedented disaster face many immediate
needs, and they face a long-term rebuilding effort. With Hudson City Savings
Bank, we will work together with our employees, customers, friends and
neighbors to help meet both their short-term and long-term needs," said M&T
Bank Chairman and CEO Robert G. Wilmers.
M&T and Hudson City Savings Bank will also accept contributions from the
public at any of the more than 850 branches operated by the two banks.
On 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 United
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 also offering lending assistance to small businesses and consumers
impacted by the storm. For additional information, visit www.mtb.com/newsroom.
Visit www.mtb.com to find the nearest M&T Bank location. M&T Bank is the
principal bank subsidiary of Buffalo-based M&T Bank Corporation, which serves
customers at branch offices located in New York, Pennsylvania, Maryland,
Virginia, West Virginia, Delaware and the District of Columbia.
Hudson City Bancorp, Inc. maintains its corporate offices in Paramus, 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 New York metropolitan and
Media contact information:
M&T Bank Corp: Chet Bridger 716-842-5182
Hudson City Savings Bank: Susan Munhall 201-967-8290
SOURCE M&T Bank
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