Best Asian Companies For 2015

Best Asian Companies For 2015: Hudson City Bancorp Inc.(HCBK)

Hudson City Bancorp, Inc. operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. It offers a range of deposit accounts, including passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, as well as IRA accounts and qualified retirement plans. The company?s loan portfolio primarily comprises one-to four-family first mortgage loans for residential properties; multi-family and commercial mortgage loans; construction loans; and consumer loans, such as fixed-rate second mortgage loans and home equity credit line loans, as well as collateralized passbook loans, overdraft protection loans, automobile loans, and secured and unsecured commercial lines of credit. As of December 31, 2009, it operated 95 branches located in 17 counties throughout the State of New Jersey; 10 branch offices in Westchester County, 9 branch offices in Suffolk Cou nty, 1 branch office each in Putnam and Rockland Counties, and 6 branch offices in Richmond County; and 9 branch offices in Fairfield County, Connecticut. The company was founded in 1868 and is based in Paramus, New Jersey.

Advisors' Opinion:

• [By Geoff Gannon]

  For example, a bank might explain why they choose to focus on a certain area as Hudson City (HCBK) does here:

  Through our branch offices, we have operations in 10 of the top 50 counties in the United States ranked by median household income. Operating in high median household income counties fits well with our jumbo mortgage loan and consumer deposit business modelThe northern New Jersey market represents the greatest concentration of population, deposits and income in New Jersey. The combination of these counties represents more than half of the entire New Jersey population and more than half of New Jersey households. The northern New Jersey market also represen! ts the greatest concentration of Hudson City Savings retail operations both lending and deposit gathering and based on its high level of economic activity, we believe that the northern New Jersey market provides significant opportunities for future growth.

• [By Amanda Alix]

  It was a long engagement, but the union between growth-oriented M&T Bank (NYSE: MTB  ) and Hudson City Bancorp (NASDAQ: HCBK  ) looks like it is definitely back on track.

• [By Eric Volkman]

  M&T Bank (NYSE: MTB  ) will take a little longer to absorb fellow lender Hudson City Bancorp (NASDAQ: HCBK  ) . The companies said in a joint press release that they believe more time will be needed to address regulatory issues in order to effect the planned acquisition, first announced in Aug. 2012.

• [By Jon C. Ogg]

  The M&T Bank Corp. (NYSE: MTB) and Hudson City Bancorp Inc. (NASDAQ: HCBK) transaction is the only pending deal of 2012 vintage due to various regulatory concerns. MTB currently has 9% short interest outstanding and PACW 15%. Another merger covered is the deal between Provident New York Bancorp (NASDAQ: PBNY) and Sterling Bancorp (NYSE: STL), and the balance are simply too small for us to warrant effort.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-asian-companies-for-2015-4.html