- Associated Press - Sunday, October 11, 2015

ALBANY, N.Y. (AP) - New York regulators have approved Buffalo-based M&T; Bank Corp.’s application to acquire Hudson City Bancorp Inc.

The Department of Financial Services says it received the application in 2012 from M&T;, noting it has strengthened its risk management and anti-money laundering compliance programs.

M&T;, a financial holding company, says the transaction has already been approved by the Federal Reserve and shareholders of both companies and should be completed by about Nov. 1.

Its principal banking subsidiary is M&T; Bank with banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia

Hudson City Bancorp Inc.’s only subsidiary is Hudson City Savings Bank based in Paramus, New Jersey, with 135 banking offices in the New York metropolitan area.



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