M&T Bank (MTB) will not let a regulatory red flag stop it from acquiring Hudson City Bancorp (HCBK) in Paramus, N.J.

"We are optimistic that we can make the progress we need to make to satisfy our regulators," Rene Jones, M&T's chief financial officer, said during a Monday conference call to discuss the company's first-quarter results. "I know both parties are as firm as ever that this is a deal worth getting done."

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