M&T Bank and Hudson City deal delayed again

April 6, 2015 4:08 PM

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Hudson City said Monday that a proposed merger with M&T Bank has been delayed again.

Hudson said that M&T Bank received notice that the Federal Reserve will not make a decision on the merger in time to close the deal by May 1 as previously expected. The Federal Reserve said it decided not to act, and Hudson said it is working on a response.

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