Hudson City Bancorp, Inc. · Paramus, NJ United States ·(NASDAQ (GS): HCBK)
Company Description
Phone: 201-967-1900
Fax: 201-967-0332
Rankings
- S&P 500
View Hudson City Bancorp, Inc. Locations On A US Map
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This link will open in a new window Hudson City Bancorp is the holding company for Hudson City Savings Bank. Founded in 1868, the bank has more than 125 branches the New York City metropolitan area, including northern New Jersey, Long Island, and Fairfield County, Connecticut, as well as coastal portions of New Jersey and that state's Philadelphia suburbs. Serving middle- to high-income consumers, it originates and purchases high-quality first residential mortgages, which account for more than 98% of its loan portfolio. The bank gathers funds for its lending and investment activities by offering checking and savings accounts, CDs, and IRAs. In 2008 it began collecting deposits from customers nationwide through its online banking service. To read the full description, subscribe now.
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Key Hudson City Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GS): HCBK Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $950.5 |
| 2008 Employees | 1,496 |
Hudson City Bancorp, Inc. Executives
17 executives listed for Hudson City Bancorp, Inc.'s Paramus, NJ location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Hudson City Bancorp and Hudson City Savings Bank | Ronald Hermance | Network |
| SEVP, COO, and Director, Hudson City Bancorp and Hudson City Savings Bank | Denis Salamone | Network |
| EVP and CFO Hudson City Savings Bank | James Kranz | Network |
Competition
Competitive Landscape for Hudson City Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Hudson City Bancorp, Inc. Competitors
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