M&T Bank and Hudson City Savings Bank Join Employees, Customers, Directors and
Retirees to Raise $824,143 for the Hurricane Sandy Relief Effort
BUFFALO, N.Y. and PARAMUS, N.J., Jan. 29, 2013
BUFFALO, N.Y. and PARAMUS, N.J., Jan. 29, 2013 /PRNewswire/ --M&T Bank and
Hudson City Savings Bank announced today the collective efforts of employees,
customers, directors and retirees have raised $824,143 for the American Red
Cross Hurricane Sandy Relief Fund. The money will be directed to American Red
Cross chapters in New Jersey, Staten Island and Long Island to assist people
in communities recovering from the natural disaster.
"Even with the resources available to us, my office was closed for almost six
weeks," said Selena McLeod, branch manager of Hudson City Savings Bank's
Midland Beach Office on Staten Island. "But sadly there are many other
individuals and businesses in this hard hit area that are having a much harder
time getting back on their feet. These contributions will go a long way toward
helping them recover. I am extremely proud that our two institutions — and so
many individuals associated with them — have contributed so much to help those
in areas like this."
"This generous response from our employees, associates and customers will help
a lot of people during their time of need," said Brian Stone, administrative
vice president for commercial banking at M&T Bank's Long Island regional
headquarters in Melville. "This was one of the worst storms to hit Long Island
in decades and there are a lot of local businesses that are still getting back
on their feet to this day."
The storm also impacted individuals and businesses across New Jersey.
"Many of our customers were severely affected, and these contributions will
provide sorely needed help," said Leonard Conticello, regional vice president
for Hudson City's retail branches located along the New Jersey shore.
"Behind the grand total of the economic impact in New Jersey, there are
thousands of families that have experienced devastating personal losses and
are still trying to rebuild their homes and lives. We hope these contributions
can be used to aid them in this long process," said Paula Mandell, senior vice
president managing M&T Bank's Saddle Brook, New Jersey commercial banking
M&T Bank and Hudson City Savings Bank each made initial commitments of
$250,000 to the American Red Cross during the first week of November. The
employees, directors and retirees of both M&T Bank and Hudson City Savings
Bank donated a combined $157,657 to the relief effort. M&T Bank matched all of
those contributions for an additional $157,657. Bank customers made $8,829 of
donations at bank branches in November and December to round out the grand
total of $824,143.
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
States. 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 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. For further information visit www.mtb.com/newsroom.
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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