Hudson City, M&T Bank Weigh Options After Fed Delays Merger Approval Again

April 6, 2015 4:58 PM

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Hudson City, M&T Bank Weigh Options After Fed Delays Merger Approval Again

NEW YORK ( The Deal) -- Hudson City Bancorp (HCBK - Get Report) and M&T Bank (MTB - Get Report) on Monday said they will "take a short period of time to review the situation" after the Federal Reserve on Friday said that it won't be able to complete its regulatory review of their $5.6 billion deal by the April 30 termination date set in their merger agreement.

"We continue to believe that M&T's merger with Hudson City would be beneficial to both institutions, including our shareholders and the customers and communities we serve, and we remain committed to the merger," said M&T CEO Robert G. Wilmers in a statement.

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