HCBK (MM)

PARAMUS, N.J., July 25 /PRNewswire-FirstCall/ -- Hudson City Bancorp, Inc. (NASDAQ:HCBK), announced it has received approval from its Board of Directors to repurchase up to 51,400,000 shares, or approximately 10%, of its common stock outstanding as of July 24, 2007. This is the eighth stock repurchase program approved by the Board. There are 15.8 million shares remaining to be repurchased under the current stock repurchase program. The repurchased shares are expected to be held as treasury stock for general corporate use. Hudson City Bancorp, Inc., the parent company of Hudson City Savings Bank, maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank is a well-established community financial institution serving its customers since 1868 and is ranked in the top fifty U.S. financial institutions by asset size and the largest thrift institution headquartered in New Jersey. Hudson City Savings currently operates a total of 116 branch offices in the New York metropolitan area. DATASOURCE: Hudson City Bancorp, Inc. CONTACT: Susan Munhall, Investor Relations, Hudson City Bancorp, Inc., +1-201-967-8290, or Web site: http://www.hcbk.com/

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