HCBK (MM)

PARAMUS, N.J., March 3 /PRNewswire-FirstCall/ -- Ronald E. Hermance Jr., Chairman, President and CEO, Hudson City Bancorp (NASDAQ:HCBK), received the 2009 Corporate Social Responsibility Award during the Foreign Policy Association's Financial Services Dinner on February 25, 2009 at The Pierre Hotel in New York. Sheila C. Bair, Chairman, FDIC and Richard Waugh, President and Chief Executive Officer of Scotiabank were also honored at the event. Founded in 1918, The Foreign Policy Association is one of the America's leading non-partisan organizations in the field of public education on world affairs. The Foreign Policy Association's Corporate Social Responsibility Award is given to individuals and companies who are committed to good corporate citizenship in the communities in which they serve. "Each year, we look for those leaders who set a prime example in the financial community," said Noel Lateef, President of the Foreign Policy Association. "We were so impressed with the leadership and accomplishments of Hudson City Bancorp that selecting our 2009 recipient was an uncomplicated choice," he added. In fact, during a year of unprecedented turbulence in the financial services industry, 2008 marked Hudson City's tenth consecutive year of record earnings. Hudson City's unique heritage as a traditional thrift, coupled with its industry-leading efficiency ratio, strong credit quality, and conservative credit underwriting policy has been applauded by the international and domestic financial communities alike. On August 14, 2008, the New York Times reported, "Hudson City is one of the few bright spots in an industry beset with gloom and doom." It's no wonder Forbes named Hudson City The Best-Managed Bank in America in 2007 and 2008 -- The first time a bank received this honor two years in a row. About The Foreign Policy Association Founded in 1918, the mission of the Foreign Policy Association today, as it has been throughout its 91-year history, is to serve as a catalyst for developing awareness, understanding and informed opinion on U.S. foreign policy and global issues. Through its balanced, nonpartisan publications and programs, FPA encourages citizens to participate in the foreign policy process. To learn more about the Foreign Policy Association, please visit http://www.fpa.org/. About Hudson City Bancorp Hudson City Bancorp, Inc., the largest thrift and among the top twenty-five banks in the United States, is recognized as The Most Efficient Bank in the country. This enables Hudson City to deliver significant values to customers in the form of higher deposit yields, competitive mortgage rates, and lower fees. Hudson City, the largest bank headquartered in New Jersey, also serves customers throughout the surrounding metropolitan area with branches located in Westchester, Fairfield, Putnam, and Rockland counties, as well as in Long Island, Staten Island, and the New Jersey suburbs of Philadelphia. Deposit accounts at Hudson City are FDIC insured to the maximum allowed by law. Forward-Looking Statements This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," and "potential" or the negative of these terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Hudson City Bancorp. Any or all of the forward-looking statements in this release and in any other public statements made by Hudson City Bancorp may turn out to be wrong. They can be affected by inaccurate assumptions Hudson City Bancorp might make or by known or unknown risks and uncertainties. Consequently, no forward-looking statement can be guaranteed. Hudson City Bancorp does not intend to update any of the forward-looking statements after the date of this release or to conform these statements to actual events. DATASOURCE: Hudson City Bancorp CONTACT: Susan Munhall, Investor Relations, Hudson City Bancorp, Inc., +1-201-967-8290, Web Site: http://www.fpa.org/

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