Hudson City Bancorp
Hudson City Bancorp was a Paramus, New Jersey-based bank holding company for Hudson City Savings Bank (founded 1868), serving retail consumers and small businesses in the New York metro corridor; the entity was acquired by M&T Bank and no longer operates independently.
- Company typePrivate
- Founded1868
- HeadquartersParamus, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Hudson City Bancorp does
Hudson City Bancorp, Inc. was a bank holding company headquartered in Paramus, New Jersey, that operated Hudson City Savings Bank, a community-oriented thrift founded in 1868. The company served retail consumers and small businesses primarily across the New York metropolitan and northern New Jersey corridor, with a product set centered on deposit accounts, residential mortgage lending, and consumer lending, distributed through a regional branch network complemented by online and mobile banking channels. Its business model was that of a traditional thrift — collecting deposits and originating residential mortgages — with revenue derived from net interest income on the lending book and fee income on deposit and transaction products.
Following its acquisition by M&T Bank (transaction referenced in 2015), Hudson City Bancorp ceased to operate as an independent entity. The hcsbonline.com domain now redirects to mtb.com, the legacy stock (NASDAQ: HCBK) is delisted, and former Hudson City operations have been fully integrated into M&T Bank's regional banking platform. Prior to the M&T transaction, the company had expanded its footprint through the 2006 acquisition of Sound Federal Bancorp. Leadership at the time of the M&T combination included Ronald E. Hermance (Chairman & CEO) and James C. Kranz (EVP & CFO). Current operational data — including product launches, channel capabilities, and industry recognition — reflects M&T Bank rather than the legacy Hudson City franchise.
Hudson City Bancorp firmographics
Firmographics- Name
- Hudson City Bancorp
- Legal name
- Hudson City Bancorp
- Website
- https://hcsbonline.com
- Company type
- Private
- Founded year
- 1868
- Operating status
- Acquired
- Headcount range
- 1,001–5,000 employees
- Short description
- Hudson City Bancorp was a Paramus, New Jersey-based bank holding company for Hudson City Savings Bank (founded 1868), serving retail consumers and small businesses in the New York metro corridor; the entity was acquired by M&T Bank and no longer operates independently.
- Ownership category
- akta.pro rank
Hudson City Bancorp industry classification
Industry- Product category
- Retail Banking
- NAICS
- Offices of Bank Holding Companies (551111), Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
- akta.pro secondary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Hudson City Bancorp is headquartered
LocationHeadquarters
- HQ city
- Paramus
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Hudson City Bancorp business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain, Others
Revenue model
- Consumer Banking: Traditional banking services including checking accounts, savings accounts, certificates of deposit, mortgages, personal loans, and credit cards offered to individual consumers
- Small Business Banking: Banking products and SBA loans for small businesses including The Charmery case study reference
- Commercial Banking: Commercial banking services with recognition as Top 10 SBA Lender nationally
- Wealth Management: Wilmington Advisors @ M&T provides investment and insurance products through LPL Financial partnership
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | M&T Checking Accounts - Multiple options with different features and fee structures |
| Subscription | Monthly | M&T Preferred Money Market - Tiered savings with balance-based interest rates |
| Other | Monthly | Mortgages and Home Loans - Various mortgage products |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Hudson City Bancorp product offering
Product offeringCore offering
Hudson City Bancorp was the holding company for Hudson City Savings Bank, operating as a traditional savings institution offering deposit products, residential mortgage lending, and consumer banking services. Following acquisition by M&T Bank, the offering has been integrated into M&T's broader personal and small-business banking suite, including checking accounts, savings and CDs, mortgages, personal loans and lines of credit, credit cards, SBA lending, and digital/mobile banking. Wealth management and insurance products are distributed through a partnership with LPL Financial under the Wilmington Advisors @ M&T brand.
Product overview
M&T Bank (parent of Hudson City Bancorp following 2015 acquisition) offers a comprehensive suite of personal banking products and services. The core offering includes multiple checking account options, mortgages, personal loans and credit lines, credit cards, savings accounts, and CDs. Digital banking capabilities are central to the platform, with mobile banking apps available for iOS and Android supporting features like Zelle payments, check deposits, and spending monitoring. Additional services include investment and insurance products through Wilmington Advisors @ M&T (a partnership with LPL Financial), SBA lending services, and mortgage assistance programs for customers facing hardship. The bank also offers a Preferred Money Market account with tiered interest rates.
Differentiator
Problem solved
Functional benefit
Products and services
- M&T Checking Accounts Multiple personal checking account options with different features and fee structures, designed to meet everyday banking needs for individual consumers.
- M&T Mortgages Home mortgage loans and financing options for purchasing or refinancing residential properties, targeted at individual consumers.
- Lines of Credit / Personal Loans Revolving credit lines and personal loan products for various consumer financing needs.
- Credit Cards Credit card products for personal banking customers.
- M&T Savings & CDs Savings accounts and Certificate of Deposit products for growing and protecting consumer deposits.
- M&T Preferred Money Market Money market savings account with tiered interest rates that increase as the account balance grows, with opportunities to earn more with new money deposits.
- Investments & Insurance (Wilmington Advisors @ M&T) Financial planning services including retirement planning, education planning, and insurance products offered through Wilmington Advisors @ M&T, a brand used by M&T Bank employees who are registered representatives with LPL Financial.
- M&T Digital Banking Online banking platform enabling customers to manage accounts, transfer funds, deposit checks, and monitor spending habits via encrypted web access.
- M&T Mobile Banking Mobile banking application available on iOS and Android devices supporting Zelle payment transfers, mobile check deposit, spending tracking, and encrypted transactions.
- SBA Lending Small Business Administration loan products offered by M&T Bank to small businesses, recognized as a Top SBA Lender nationally.
Quantifiable outcome
- $62.1M in community impact
- +3 more outcomes
Companies that use Hudson City Bancorp
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Hudson City Bancorp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hudson City Bancorp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- LPL FinancialcoreWilmington Advisors @ M&T is a brand name used by M&T Bank employees who are registered representatives with LPL Financial. Products and services on the wealth management site are offered through LPL or its affiliates, entities separate from and not affiliates of M&T Bank. This partnership enables M&T to offer investment and insurance products through LPL's registered representatives.
Scale indicators5 records
Recent moves5 records
Expansion highlights3 records
Hudson City Bancorp competitors and assessment
Company assessmentDirect peers
- Northwest Bancshares: Mutual holding company for Northwest Savings Bank, a community-focused thrift with a deposit-and-mortgage business model that mirrors Hudson City Savings Bank's core activities.
- Brookline Bancorp: Bank holding company with a deposit-driven, community-banking model comparable to Hudson City Bancorp's savings-bank franchise and retail deposit-gathering orientation.
- Kearny Financial (now Kearny Bank): Mutual holding company for a NJ-based community savings bank, highly comparable to Hudson City Bancorp given overlapping NJ geography and a thrift-style deposit-and-mortgage product set.
- Capitol Federal Financial: Mid-cap savings-bank holding company (Capitol Federal Savings Bank) with a similar thrift charter, mortgage-and-deposit business mix, and consumer banking focus as Hudson City Bancorp.
- New York Community Bancorp: Thrift/bank holding company historically focused on multifamily and commercial real estate lending and retail deposit gathering in the NY metro — closely comparable to Hudson City Bancorp's savings-bank model and NY/NJ concentration.
- Astoria Financial (acquired by New York Community Bancorp): Former savings-bank holding company in the NY metro, was a direct thrift-industry peer to Hudson City Savings Bank prior to its acquisition, with overlapping product set and regional deposit franchise.
- People's United Financial: Northeast-focused savings-bank holding company offering retail and commercial banking, similar in franchise profile and geographic footprint to Hudson City Bancorp's legacy NY/NJ operations.
Broad incumbents
- Bank of America: National retail and small-business banking incumbent that competes for the same consumer deposit, mortgage, and credit card wallet across the combined franchise's footprint, especially via its digital banking platform.
- M&T Bank: Parent company and acquirer of Hudson City Bancorp; offers a much broader commercial, SBA, wealth, and consumer banking platform across the Northeast and Mid-Atlantic — a comparable incumbent for benchmarking scale and product breadth.
- JPMorgan Chase: National full-service retail and commercial bank competing with the combined M&T/Hudson City franchise across consumer deposits, mortgages, and small business banking, with significantly broader scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Hudson City Bancorp social profiles
Digital presenceHudson City Bancorp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hudson City Bancorp leadership team
Management profileNumber of profiles
Hudson City Bancorp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hudson City Bancorp M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hudson City Bancorp
What does Hudson City Bancorp do?
Hudson City Bancorp was the holding company for Hudson City Savings Bank, operating as a traditional savings institution offering deposit products, residential mortgage lending, and consumer banking services. Following acquisition by M&T Bank, the offering has been integrated into M&T's broader personal and small-business banking suite, including checking accounts, savings and CDs, mortgages, personal loans and lines of credit, credit cards, SBA lending, and digital/mobile banking. Wealth management and insurance products are distributed through a partnership with LPL Financial under the Wilmington Advisors @ M&T brand.
Is Hudson City Bancorp a public or private company?
Hudson City Bancorp is a private company. It is classified as corporate owned and is currently acquired.
When was Hudson City Bancorp founded?
Hudson City Bancorp was founded in 1868. It employs 1,001 to 5,000 people.
Where is Hudson City Bancorp based?
Hudson City Bancorp is headquartered in Paramus, United States, in the North America region.
How does Hudson City Bancorp make money?
Four revenue lines are on record. Consumer Banking is the primary driver. The others are small Business Banking, commercial Banking and wealth Management.
Who are Hudson City Bancorp's main competitors?
Direct peers on record are Northwest Bancshares, Brookline Bancorp, Kearny Financial (now Kearny Bank), Capitol Federal Financial, New York Community Bancorp, Astoria Financial (acquired by New York Community Bancorp) and People's United Financial. Broad incumbents are Bank of America, M&T Bank and JPMorgan Chase.
Does Hudson City Bancorp have an API?
No public API is recorded for Hudson City Bancorp.
What industry is Hudson City Bancorp in?
Hudson City Bancorp's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 551111 and its SIC code is 6035.