Want to know? Hudson City Bank
In the Second Quarter, 2008 Earnings Release, Hudson City Bancorp, Inc., the holding company for Hudson City Savings Bank, announced record earnings of $110.7 million for the quarter, and an increase of the quarterly cash dividend to $0.12 per share.
Garrett D. Van Reipen, who had served as the city’s first mayor, became the first President of Hudson City Savings Bank.
Three years after the end of the Civil War, March 27, 1868 to be exact, the State of New Jersey Legislature granted a special charter to 29 individuals to open a savings bank in the small City of Hudson.
Hudson City, like any legitimate bank, will never ask its customers for personal or account information in an email, telephone call or letter.
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Under the leadership of Kenneth L. Birchby, who became President and CEO in 1968, the Bank expanded aggressively during the 1970’s with 37 branches established in 12 New Jersey counties.
A Plan of Reorganization and Stock issuance, approved in February 1999, saw the Bank become a wholly-owned subsidiary of Hudson City Bancorp, Inc. with the Bancorp raising over $500 million of new capital and assets exceeding $8 billion.
By the late Sixties, the computer was beginning to revolutionize American society and new State banking laws permitted banks to move across county lines.
By the end of the 19th Century, New Jersey boasted a population of more than 1 million, and Hudson City’s assets and deposits had grown to over $1 million.
Hudson City Bancorp, Inc.’s Chairman, President and Chief Executive Officer, Ronald E. Hermance, Jr. sites positive trends in several of the Bank’s key performance metrics.
The Hudson City Bancorp, Inc. Annual Shareholders Meeting was held on April 22, 2008.
Hudson City Bancorp, Inc.’s mortgage applications are continuing to come in at a record pace.
The Stock Market crashed in 1929, and the Great Depression of the Thirties saw insolvent banks close.
New, higher rates on certificates, money market and checking accounts help you save!
This new security feature provides you with an additional dimension of protection against fraud and identity theft by helping prevent unauthorized access to your accounts and secure financial information.
There is an ongoing series of fraudulent scams using emails, counterfeit websites and automated telephone dialing systems that attempt to obtain personal information.
In 1992, Hudson City established itself as New Jersey’s largest savings bank and MONEY magazine cited us as one of the safest New Jersey banks.
Hudson City participated in the wartime Liberty Loan and Victory Loan drives, selling its allotment of bonds, as well as purchasing a half million dollars of bonds.
This performance contrasts dramatically with the Mortgage Bankers Association report released last week.
Enhanced Login Security has been added to Internet Banking.
Throughout it all Hudson City Savings remained open sound as ever with total assets exceeding $11 million and reserves of $800,000.
Leonard S. Gudelski became President in 1981 and Chairman of the Board in 1996.
During the decade, Hudson City opened its second office, introduced the Christmas Club to depositors, and moved its main office from Newark Avenue to 587 Summit Avenue in Jersey City.
As we face the competition of the interstate banking giants, we are working hard to retain the small-town flavor of our branches so we can continue to serve the banking needs of families throughout the States of New Jersey, New York and Connecticut.
Ronald E. Hermance, Jr., Hudson City’s Chairman, President, and CEO, was recently named Banker of the Year by Jim Cramer of Cramer’s nationally syndicated Mad Money program on CNBC!
Between 1941 and 1945, World War II gripped the nation and 15 million men registered for military service.
In the summer of 1921, Jersey City made history when it hosted the Dempsey/Carpentier World Heavyweight Championship Fight.
In 1978, Bank headquarters were relocated to Bergen County, occupying a new crescent-shaped building designed by a local Jersey City architectural firm.
Curtis-Wright’s aircraft engine factory in Woodridge, N.J. produced more engines during the War than any other American manufacturer.
The Eighties and early Nineties proved troublesome for the banking industry in general.
