HCBK (MM)

PARAMUS, N.J., June 21 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. (NASDAQ:HCBK), announced it has received approval from its Board of Directors to repurchase up to 56,975,000 shares, or approximately 10%, of its common stock outstanding as of June 19, 2006. This is the seventh stock repurchase program approved by the Board. There are 2,601,000 shares remaining to be repurchased under the current stock repurchase. The repurchased shares are expected to be held as treasury stock for general corporate use. Hudson City Bancorp, Inc. is the parent company of Hudson City Savings Bank, a well-established community banking institution with a long-standing tradition of service excellence. Hudson City has assets exceeding $29.5 billion, making it the largest savings bank headquartered in New Jersey. Hudson City Savings Bank operates 94 full service branches throughout New Jersey, Suffolk and Richmond (Staten Island) Counties, New York. The Federal Deposit Insurance Corporation insures Hudson City Savings' deposits. DATASOURCE: Hudson City Bancorp, Inc. CONTACT: Louis J. Beierle, First Vice President, Investor Relations, Hudson City Bancorp, Inc., +1-201-967-8290, Web site: http://www.hcbk.com/

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