HCBK (MM)

Earlier this month, The FDIC announced that three regional banks in Wisconsin, Pennsylvania and Florida have gone into receivership, bringing the total of bank failures this year to 149. FDIC Chairman Sheila Bair said recently that while the number of failures will exceed the 2009 tally, the total assets of this year's failures would probably be lower. Having said that, there are a large number of attractively priced assets available and key players in the savings and loans industry has been raising funds to buy assets. The Bedford Report examines the outlook for companies in the Savings & Loans Industry and provides research reports on Hudson City Bancorp, Inc. (NASDAQ: HCBK) and People's United Financial, Inc. (NASDAQ: PBCT). Access to the full company reports can be found at:

www.bedfordreport.com/2010-11-HCBK

www.bedfordreport.com/2010-11-PBCT

The economic climate has led to a surge in Merger and Acquisition activity in the savings and loans industry, and while the FDIC has begun to cancel or delay transactions because of concerns about the financial feasibility of some deal, it looks like People's United's acquisition of Smithtown Bancorp will go ahead as planned. Earlier this month the shareholders of Smithtown Bancorp approved the merger with over 96% votes cast in favor of the merger.

The Bedford Report releases regular market updates on the Savings and Loans Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

In recent quarters, most companies in the Savings and Loans industry have been setting aside less money to cover loan losses. More thorough and cautious credit checks have led to fewer delinquent loans and greater financial stability.

While the improving margin helped narrow losses and boost profits among these banks, long-term growth worries still loom. Loan growth has steadily declined due to economic uncertainties. As evident from the high unemployment numbers, companies are not hiring at the pace most expected this year, while capital spending is way down.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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