Less than six months after announcing plans to open four branches on Long Island, Hudson City Bancorp Inc. of Paramus, N.J., says it plans to expand further in New York.
The $19.3 billion-asset company said Thursday that it intends to open branches in New York City's borough of Staten Island in the first half. (It did not say how many.) It expects to open its first branch on New York State's Long Island, in Southold, this month.
In its first 136 years the company, founded in 1868, did business entirely in New Jersey.
The corporate parent of Hudson City Savings Bank disclosed its branch expansion plans when reporting earnings: $62 million for the quarter and $177 million for the three quarters through Sept. 30. It is one of a dwindling number of thrift companies that deal primarily in residential lending; first mortgages constitute more than 90% of its $11 billion loan portfolio.
