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Image: Michael Chu
WORTH IT? "There are a lot of good reasons why, even in the face of challenges and disappointments, we have decided to stick with" the Hudson City acquisition, M&T CEO Robert Wilmers says.

Why Hudson City's Decline Might Actually Help Its Buyer

Deposits and assets have fallen, and some customers and employees have fled, while Hudson City in Paramus, N.J., has been stuck in an M&A limbo. But the situation might save buyer M&T Bank some headaches later if it can just close the deal.

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