HCBK (MM)

PARAMUS, N.J., April 16 /PRNewswire-FirstCall/ -- Institutional Investor, one of the world's foremost financial publications, named Ronald E. Hermance, Jr., Chairman, President & CEO of Hudson City Bancorp (NASDAQ:HCBK) the Best Midcap Bank CEO in 2008. Hudson City, with total assets of over $54 billion, is the largest savings bank in the country. It operates in 10 of the top 50 U.S. counties rated in median household income. According to Institutional Investor, "Running a bank in the midst of arguably the worst credit crisis since the Great Depression is no picnic, but for Ronald E. Hermance, Jr., CEO of Hudson City Bancorp, the crisis serves to underscore a job well done." Hudson City recently reported 10 straight years of record earnings. Institutional Investor's ranking of America's Best CEOs reflects the opinions of over 900 buy-side investment professionals at more than 460 institutions with combined assets of $6.6 trillion in U.S. equities To arrive at their list of the Best U.S. CEO's in 57 industry sectors, Institutional Investor surveyed buy-side analysts, portfolio managers and other investment professionals. These individuals were asked to name the best U.S. CEOs for the sectors in which they invest. According to Institutional Investor's seventh annual ranking, "Investors certainly appreciate Hermance's straightforward strategy and superb execution." They regard him as the No. 1 CEO in the Banks/Midcap sector. Forbes magazine recently named Hudson City the Best-Managed Bank in America for 2007 and 2008 -- The first time a bank received this honor two years in a row. 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, Inc. CONTACT: Susan Munhall, Investor Relations, Hudson City Bancorp, Inc., +1-201-967-8290,

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