{"id":30496,"date":"2012-09-25T06:30:12","date_gmt":"2012-09-25T10:30:12","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=30496"},"modified":"2012-09-25T06:30:13","modified_gmt":"2012-09-25T10:30:13","slug":"video-mt-bank-to-acquire-hudson-city-bancorp-3","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/09\/25\/video-mt-bank-to-acquire-hudson-city-bancorp-3\/","title":{"rendered":"VIDEO: M&#038;T Bank To Acquire Hudson City Bancorp"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vdc00d8d81fe61b9cc37eff90bfcf47b0d9f52ad6&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=vdc00d8d81fe61b9cc37eff90bfcf47b0d9f52ad6&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>M&#038;T Bank (NYSE: MTB) has announced today that it will acquire Hudson City Bancorp (NYSE: HCBK) for $3.7 billion, a 16% premium on Hudson City&#8217;s stock as of Friday&#8217;s close. M&#038;T expects the deal to yield approximately $25 billion in deposits and $28 billion in loans. The payment will come from 40% cash, and 60% stock.As a part of the agreement, Hudson City Bancorp will become a subsidiary of M&#038;T, and its current CEO Ronald Hermance will be inducted as a member of M&#038;T&#8217;s board. The deal will see M&#038;T expand its reach into to the New York, New Jersey, and Connecticut Tri-sate area, adding a total of 135 branches. M&#038;T is no stranger to bank acquisitions. Since 2009, it has acquired Bradford Bank, Provident Bankshares, and Wilmington Trust.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/25\/1_tsl50ga3_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/09\/25\/1_tsl50ga3_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;T Bank (NYSE: MTB) has announced today that it will acquire Hudson City Bancorp (NYSE: HCBK) for $3.7 billion, a 16% premium on Hudson City&#8217;s stock as of Friday&#8217;s close. M&#038;T expects the deal to yield approximately $25 billion in deposits and $28 billion in loans. The payment will come from 40% cash, and 60% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/09\/25\/video-mt-bank-to-acquire-hudson-city-bancorp-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: M&#038;T Bank To Acquire Hudson City Bancorp&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30496","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=30496"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/30496\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=30496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=30496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=30496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}