BNET Industries

Market Cap:$6.9B
Last Fiscal Year Sales:$2.6B
  • Public
  • US
Dow Jones Description

Hudson City Bancorp, Inc. Hudson City Bancorp is a Delaware corporation organized in 1999 and serves as the holding company of its only subsidiary, Hudson City Savings Bank. In June 2005, Hudson City Bancorp, Inc. became the holding company parent of Hudson City Savings Bank following the completion of the second step mutual-to-stock conversion of Hudson City, MHC. The principal asset of Hudson City Bancorp is its investment in Hudson City Savings Bank. Hudson City Bancorps executive offices are located at West 80 Century Road, Paramus, New Jersey 07652 and our telephone number is (201) 967-1900. Hudson City Savings. Hudson City Savings is a federally chartered stock savings bank subject to supervision and examination by the Office of Thrift Supervision (OTS). Hudson City Bancorp, as a savings and loan holding company, is also subject to supervision and examination by the OTS. Our deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Hudson City Savings Bank has served its customers since 1868. We conduct our operations out of our corporate offices in Paramus in Bergen County, New Jersey and through 127 branches in the New York metropolitan area. We operate 93 branches located in 9 counties throughout the State of New Jersey. In New York State, we operate 9 branch offices in Westchester County, 9 branch offices in Suffolk County, 1 branch office each in Putnam and Rockland Counties and 5 branch offices in Richmond County (Staten Island). ...

Number of Employees 1,335
Contact Information

80 W Century Rd

Paramus, New Jersey 07652

hudsoncitybanco...

(201) 967-1900

NAICS Code Savings Institutions: 522120

Recent Events

  • Hudson City Bancorp 3Q profit rises 11 percent

    10/21/09 - Financial Announcement - View Story

  • Sandler O'Neill Initiates Coverage on Hudson City Bancorp HCBK with a Buy

    9/30/09 - Bond / Stock Rating - View Story

  • Analyst Upgrades for August 31st

    8/31/09 - Bond / Stock Rating - View Story

  • FBR Capital Markets and Co. reiterates Hudson City Bancorp Inc. at 'outperform'

    8/31/09 - Bond / Stock Rating - View Story

  • UPDATE 2-Hudson City Bancorp Q2 net up, bad loans rise

    7/21/09 - Financial Announcement - View Story

Decision Makers

Name (plus bio) Position
Ronald E. Hermance Jr. CEO
Leonard S. Gudelski President
Denis Salamone Director, Senior Executive Vice President and Chief Operating Officer
James Kranz CFO
John Salomone COO
Thomas Laird Executive Vice President
Barry V Corridon Senior Vice President
James A. Klarer Senior Vice President
Michael Lee Senior Vice President
Ronald Butkovich Senior Vice President
V Barry Corridon Senior Vice President
V. Barry Corridon Senior Vice President, Mortgage Services
Veronica Olszewski Secretary & Senior Vice President
Anthony J. Fabiano First Vice President
Bernadette F. Zelop First Vice President
Christopher L. Mahler First Vice President
Christopher P. Dooley First Vice President
Dennis J. Valentovic First Vice President
Francisco Rossi Vice President
Louis J. Beierle First Vice President, IR
Michael D. McCambridge First Vice President
Steven M. Schlesinger First Vice President
Timothy Murphy Vice President
Vito Larusso Vice President
William A. Rice First Vice President
William Lacalamito First Vice President
Lynne Freeman
Tina Palladino Secretary
John M. Tassillo Treasurer

Board of Directors

Name (plus bio) Position
Donald O. Quest Board of Directors
John W. Klie Board of Directors
Joseph G. Sponholz Board of Directors
Kenneth L. Birchby Board of Directors
Michael W. Azzara Board of Directors
Scott A. Belair Board of Directors
Verne S. Atwater Board of Directors
Victoria H Bruni Board of Directors
William G. Bardel Board of Directors
William J. Cosgrove Board of Directors

Ronald E. Hermance, Jr. has been President and Chief Executive Officer of Hudson City Bancorp and Hudson City Savings since January 1, 2002 and Chairman of the Board since January 1, 2005. Prior to assuming such positions, Mr. Hermance had served as President and Chief Operating Officer of Hudson City Bancorp since its incorporation in 1999 and of Hudson City Savings since January 1997. Mr. Hermance previously was Senior Executive Vice President and Chief Operating Officer from the time he joined Hudson City Savings in 1988. He was elected to the Board of Managers of Hudson City Savings in 1988. Prior to joining Hudson City Savings, Mr. Hermance was Chief Financial Officer of Southold Savings Bank on Long Island, New York. In addition to his most recent service, Mr. Hermance served in various lending capacities in both a commercial bank and a thrift institution. In 2004, Mr. Hermance was elected to the board of directors of the Federal Home Loan Bank of New York. He also serves as a member of the Thrift Institutions Advisory Panel for the Federal Reserve Bank of New York.

Organization Position Status
Hudson City Bancorp, Inc. CEO Current
Hudson City Bancorp, Inc. President Current
Hudson City Bancorp, Inc. Chairman Current
Federal Home Loan Bank of New York Board of Directors Current
Hudson City Bancorp, Inc. Chief Operating Officer Former
Hudson City Bancorp, Inc. Principal Executive Officer Former

Organization Position Status
Hudson City Bancorp, Inc. President Current
Hudson City Bancorp, Inc. Board of Directors Former

Denis J. Salamone has served as Senior Executive Vice President of Hudson City Bancorp and Hudson City Savings since October 2001 and succeeded Mr. Hermance as Chief Operating Officer on January 1, 2002. He was elected to the Board of Directors in October 2001. Prior to joining Hudson City, Mr. Salamone had a twenty-six year career with the independent accounting firm of PricewaterhouseCoopers LLP, where he had been a partner for sixteen years. Immediately prior to joining Hudson City Bancorp, Mr. Salamone was the Global Financial Services leader for Audit and Business Advisory Services, and a member of the PricewaterhouseCoopers eighteen member board of partners.

Organization Position Status
Hudson City Bancorp, Inc. Director, Senior Executive Vice President and Chief Operating Officer Current
Hudson City Bancorp, Inc. Board of Directors Current
Hudson City Bancorp, Inc. Principal Financial Officer Former

James C. Kranz, age 60, has been Executive Vice President and Chief Financial Officer of Hudson City Savings since September 2007. He previously served as Senior Vice President and Chief Financial Officer of Hudson City Savings from January to December 2007 and Senior Vice President and Investment Officer of Hudson City Savings since January 2000 and Senior Vice President of Hudson City Bancorp from January 2004 to 2006. He maintains oversight of the entire accounting and finance functions as well as primary execution responsibility for investments and borrowings. Mr. Kranz joined Hudson City Savings in 1983. Mr. Kranz is a member of the New Jersey Bond Club and serves on the Asset and Liability Management Committee of the New Jersey League of Community and Savings Bankers. Mr. Kranz has an undergraduate degree and an MBA from Lehigh University. He is a graduate of the Graduate School of Savings Banking at Brown University.

Organization Position Status
Hudson City Bancorp, Inc. CFO Current
Hudson City Bancorp, Inc. Executive Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. COO Current

Thomas E. Laird, age 56, joined Hudson City Savings in 1974. He has served as Executive Vice President and Chief Lending Officer since September 2007. He previously served as Senior Vice President and Chief Lending Officer from January 2002 to September 2007, Senior Vice President of Hudson City Bancorp since January 2004 and Senior Vice President and Mortgage Officer from January 2000 to 2002. Prior to that, he served as First Vice President and Mortgage Officer from 1991 to 2000. His primary areas of responsibility are mortgage and consumer lending and loan production. Mr. Laird holds an undergraduate degree from St. Peter’s College and is a graduate of the National School of Banking at Fairfield University. Mr. Laird was actively involved from 1989 to 1999 on the Wanaque Board of Education, having served for two terms as Board President. He has also been active in the New Jersey League of Community and Savings Bankers and presently is a board member of the Dover Housing Development Corporation. He is a former member of the Board of Governors of the Mortgage Bankers Association of New Jersey.

Organization Position Status
Hudson City Bancorp, Inc. Executive Vice President Current
Hudson City Bancorp, Inc. Chief Lending Officer Former
Hudson City Bancorp, Inc. Senior Vice President Former

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President Current

James A. Klarer, age 56, joined Hudson City Savings in 1976. He has served as Senior Vice President of Hudson City Savings and Hudson City Bancorp since January 2005. He previously served as First Vice President of Hudson City Savings from 2002 to 2004, and as a Vice President from 1992 to 2002. Mr. Klarer has also served as Secretary of HudCiti Service Corp. from January 1993 to January 2008. He is responsible for real estate development, branch expansion, insurance, purchasing and general services. Mr. Klarer has been an active member of the Institute of Real Estate Management (IREM) since 1999 and is also a member of the Building Owners and Managers Association (BOMA). He is a graduate of William Paterson College.

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President Current
Institute of Real Estate Management Active Member Current
The William Paterson College of New Jersey Former

Michael B. Lee , age 57, has served as Senior Vice President of Hudson City Savings since January 2000 and as Senior Vice President of Hudson City Bancorp since January 2004. He previously served as First Vice President of Hudson City Savings from 1989 to 2000, and as Secretary from 1989 to 2003. He is responsible for branch administration, training and customer retirement programs. He has an undergraduate degree in management from St. Peter s College and a Masters Degree from New Jersey Institute of Technology. He has also graduated from the National School of Finance and Management at Fairfield University. Mr. Lee is a Past President of the Bergen Chapter of the American Institute of Banking and has served on several committees of the New Jersey League of Community and Savings Bankers. Mr. Lee joined Hudson City Savings in 1971.

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President Current
New Jersey Institute of Technology Masters Degree Former

Ronald J. Butkovich, age 59, has been Senior Vice President of Hudson City Savings Bank and Hudson City Bancorp since April 2004. He is responsible for the development of the Long Island Region. Mr. Butkovich joined Hudson City Savings in 2004. He formerly served as Operations/Retail Banking officer of Southold Savings Bank on Long Island, New York for 16 years and the Director of Real Estate, Branch Development, and Construction for North Fork Bank for 16 years. Mr. Butkovich holds an undergraduate degree from Albany State University and is a graduate of the National School of Savings Banking and the Executive Development Program at Fairfield University. Mr. Butkovich has served on various industry, community, and civic associations including treasurer of the Southold Fire Department since 1978.

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President Current
State University of New York at Albany Undergraduate Degree Former

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President Current
Fairleigh Dickinson University Undergraduate Degree Former

V. Barry Corridon, age 60, has been Senior Vice President of Mortgage Servicing of Hudson City Savings since January 2000 and Senior Vice President of Hudson City Bancorp since January 2004. He previously served as First Vice President of Mortgage Servicing of Hudson City Savings from 1995 to 2000 and as a Vice President from 1982 to 1995. He is responsible for the administration of our mortgage portfolio, supervision of new loan set-up, post-closing, payoffs, mortgage accounting, collections and foreclosures. Mr. Corridon was President of the Mortgage Bankers Association of New Jersey in 1995. He is the past President of the Mortgage Bankers Association’s Educational Foundation. Mr. Corridon also serves on the board of WOODLEA/PATH Advisory Council of Children’s Aid and Family Services. He earned his undergraduate degree at Fairleigh Dickinson University and is also a graduate of the Graduate School of Savings Banking at Brown University and the Executive Development Program at Fairfield University. He joined Hudson City Savings in 1970.

Organization Position Status
Hudson City Bancorp, Inc. Senior Vice President, Mortgage Services Current

Veronica A. Olszewski, age 49, has served as Senior Vice President, Treasurer and Corporate Secretary of Hudson City Bancorp and Hudson City Savings since June 2007. She previously served as Senior Vice President and Corporate Secretary of Hudson City Bancorp and Hudson City Savings from January 2004 to June 2007, Senior Vice President from January 2002 to December 2003, First Vice President from January 2000 to December 2001 and Vice President and Assistant Auditor from March 1997 to December 1999. Ms. Olszewski joined Hudson City Savings in 1980. She is responsible for the functions of Corporate Secretary, special projects and strategic planning. Ms. Olszewski is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants, New Jersey Society of CPAs and the American Society of Corporate Governance Professionals. She is a graduate of Jersey City State College.

Organization Position Status
Hudson City Bancorp, Inc. Secretary & Senior Vice President Current
American Institute of Certified Public Accountants Board of Directors Current
Hudson City Bancorp, Inc. Board of Directors Current
American Institute of Certified Public Accountants Member Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President, IR Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Steven M. Schlesinger, age 53, joined Hudson City Savings Bank in 1978. He has served as Senior Vice President of Information Services since January 2009. He previously served as First Vice President of Information Services from 2003 to 2008 and Vice President from 1989 to 2003. He is responsible for the Information Services department. Mr. Schlesinger has over thirty-five years of progressive experience in information technology including operations, programming, systems and data communication. He holds an AAS degree in Computer Sciences and is a graduate of the National School of Banking at Fairfield University in 2000.

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Organization Position Status
Hudson City Bancorp, Inc. First Vice President Current

Lynne Freeman is the mother of a 14 year old son with Autism. She is trustee of the Quest Autism Programs Board, chair of the Communications and Technology Committees, and co-chair of the Quest Harvest Ball. She is also a founder of the EPIC School, a private non-profit educational program for children 3-21. Ms. Freeman is freelance copywriter for Sonnenberg Haviland & Partners of Ridgewood, NJ where she is currently working on projects for Lucent Technologies, Pascack Valley Hospital, and Hudson City Savings Bank among others. She also has donated her time to create communications for many non-profit charities including ASPEN, The Fred Waring Foundation, and The EPIC School. She holds a degree in Business Management from Fairfield University and has held positions at two New York Ad Agencies prior to starting her own freelance business.

Organization Position Status
Epic School Founder Current
Hudson City Bancorp, Inc. Current
Pascack Valley Hospital Current
Quest Autism Foundation, Inc Board of Directors Current
Fairfield University Degree In Business Management Former

Organization Position Status
Hudson City Bancorp, Inc. Secretary Current

Donald O. Quest, M.D. has been a neurological surgeon since 1976, a professor at Columbia University since 1989, Assistant Dean for Student Affairs at Columbia University, and an attending physician at Valley Hospital and Columbia-Presbyterian Medical Center since 1978. He is a member of the Neurosurgical Associates of New York and New Jersey. Dr. Quest has been President of the American Association of Neurological Surgeons, the American Academy of Neurological Surgeons, the Congress of Neurological Surgeons, the Chairman of the American Board of Neurological Surgery and the Chairman of the Residency Review Committee for Neurological Surgery.

Organization Position Status
Neurosurgical Associates Board of Directors Current
Hudson City Bancorp, Inc. Board of Directors Current

John M. Tassillo , age 72, has served as Executive Vice President and Treasurer of Hudson City Bancorp since its incorporation in 1999, and served as Secretary of Hudson City Bancorp from 1999 to 2003. He has worked for Hudson City Savings since 1969 and has served as Executive Vice President and Treasurer of Hudson City Savings since 1989. Mr. Tassillo is responsible for the computer operations of Hudson City Savings. Mr. Tassillo is a Certified Public Accountant. He is a graduate of St. Peter s College in New Jersey and the Graduate School of Savings Banking at Brown University.

Organization Position Status
Hudson City Bancorp, Inc. Treasurer Current
Hudson City Bancorp, Inc. Executive Vice President Former

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current

Joseph G. Sponholz is a retired Vice Chairman of Chase Manhattan Bank, a position he held from 1997 to his retirement in 2000. Prior to assuming the position of Vice Chairman, Mr. Sponholz had served as Chief Administrative Officer of Chase Manhattan Bank. Serving as a member of Chase’s Executive Committee, Mr. Sponholz spearheaded the company’s Internet efforts as leader of Chase.com. Prior to its merger with Chase, he served as Chief Financial Officer and Chief Technology Officer at Chemical Bank. He is recognized as an industry leader in the areas of business strategy, technology and financial management. A graduate of Fordham University, Mr. Sponholz holds an MBA in Finance from New York University. Mr. Sponholz currently serves as our lead independent director.

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current
Chemical Banking Corporation Chief Financial Officer Former
New York University MBA In Finance Former

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current

Organization Position Status
Foley Proctor Yoskowitz Senior Consultant Current
Hudson City Bancorp, Inc. Board of Directors Current
Valley Health System CEO Former
Valley Hospital Chief Executive Officer Former
Valley Hospital President Former
Valley Health System President Former
Ridgewood Savings Bank Board of Directors Former
Rutgers University Former

Organization Position Status
Urban Outfitters, Inc. Co-Founder Current
Urban Outfitters, Inc. Board of Directors Current
Hudson City Bancorp, Inc. Board of Directors Current
Goldman, Sachs & Co. Chief Financial Officer Former
Goldman, Sachs & Co. Vice President Former
Drexel Burnham Lambert Inc. Managing Director Former
Goldman, Sachs & Co. Principal Former

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current

Victoria H. Bruni served as Vice President for Administration and Finance at Ramapo College of New Jersey, a public four year liberal arts college, from June 1993 until July 2006. She was responsible for financial planning and reporting, budgets, public financings, accounting operations, and purchasing, as well as administrative functions such as human resources and capital facilities planning, construction and maintenance. From 1964 to 1993 she served in various positions at New Jersey Bell Telephone Co./ Bell Atlantic, including Assistant Comptroller, Treasurer, Assistant Secretary and Attorney. A graduate of Smith College, she received her J.D. with honors from Seton Hall University School of Law.

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current
Ramapo College of New Jersey Vice President for Administration and Finance Former
Seton Hall University School of Law J.D. With Honors Former
Smith College Former

William G. Bardel was the Associate Headmaster and Chief Financial Officer of the Lawrenceville School, a preparatory high school in Lawrenceville, New Jersey, from 1994 until 2006. Previously, from 1988 to 1994, he served as head of the Government Advisory Group of Lehman Brothers in London, England, which provided financial market guidance to developing nations in Africa, Asia, Eastern Europe, South America and the Middle East.

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current

William J. Cosgrove served at Citibank, N.A. from 1963 to 1991 when he retired as Senior Banker, Senior Credit Officer. From 1993 to 2004, he served as Executive Vice President at Citadel Group Representatives, Inc. From 1991 to 2005, he served as a Trustee and later as Lead Trustee of the John Hancock Funds, and since 1991 has served as an adjunct Professor at the Lubin Graduate School of Business of Pace University.

Organization Position Status
Hudson City Bancorp, Inc. Board of Directors Current

Executive News

  • Cramer's Mad Money - The Bank that Escaped the Credit Crisis (6/24/09)

    Seeking Alpha - 6/25/09 - View Story

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     HCBK $13.26 -0.04 (-0.30% )
Average Volume 7,908,370
Shares Outstanding 525.31M
Market Cap 7.0B
Year High 17.25
Year Low 7.46
Earnings Per Share 1.04
P/E Ratio 12.75
Dividend 0.60
Yield 4.52
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