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Hudson City Bancorp in Paramus, N.J., reported a staggering plunge in earnings after an unexpected delay of its sale to M&T Bank.
April 30 -
It took Hudson City Bancorp in Paramus, N.J., less than two weeks to decide that it is still committed to selling itself to M&T Bank in Buffalo.
April 17 -
M&T Bank still can't get the Fed's blessing to buy Hudson City. The latest delay raises questions about Hudson City's fate and what could be going on internally at the Fed to keep the acquisition in limbo.
April 7
M&T Bank in Buffalo, N.Y., has named Robert Brady vice chairman and lead independent director.
Brady succeeded Jorge Pereira, who retired this year after serving in those two roles since 2005. Brady is the former chairman and chief executive of Moog, an East Aurora, N.Y., manufacturing company. Brady has been an M&T director since 1994 and is a former lead independent director at National Fuel Gas.
Brady "brings a wealth of experience in both executive management and corporate governance with a number of publicly traded companies," Robert Wilmers, chairman and CEO, said in a news release.
M&T is awaiting regulatory approval of its planned acquisition of Hudson City Bancorp in Paramus, N.J. The companies have