PARAMUS, N.J., Feb. 10, 2012 /PRNewswire/ -- Hudson City
Bancorp, Inc. (NASDAQ: HCBK) (the "Company"), the holding company
for Hudson City Savings Bank (the "Bank"), announced today that
Ronald E. Hermance Jr., Chairman and
Chief Executive Officer, will take a temporary medical leave of
absence from both the Company and the Bank, effective
immediately. The Board of Directors appointed Denis J. Salamone, President and Chief Operating
Officer, to serve as acting Chairman and Chief Executive Officer
along with his existing responsibilities during Mr. Hermance's
absence.
During a routine physical examination a few weeks ago, Mr.
Hermance's blood work came back with unexpected results, unusually
low blood cell counts. According to Mr. Hermance, "Fortunately,
because I go to the doctor two times each year, my diagnosis was
made early. After conferring with the doctors, we determined that
the best way to treat my disorder is with a bone marrow
transplant."
Mr. Hermance will receive his treatments over the next several
months. In order to focus his attention on his health, Mr.
Hermance will take a temporary medical leave of absence with the
full support of the Board.
"I have worked closely with Denis over the past ten years and
have the utmost confidence in his abilities as well as in those of
our leadership team. I will remain on the Board of Directors and
continue to be involved in major strategic decisions," said Mr.
Hermance.
"I want you all to know that I am fortunate to feel good
physically, emotionally and spiritually. Whenever I'm confronted
with challenges in life, I know that a positive mental attitude can
make all the difference," said Mr. Hermance. "I will be in close
contact with Denis during my absence and hope to return to the bank
soon."
Hudson City Bancorp, the holding company for Hudson City Savings
Bank, maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank,
a well-established community financial institution serving its
customers since 1868, is the largest thrift institution
headquartered in New Jersey.
Hudson City Savings currently operates a total of 135 branch
offices in the New York
metropolitan and surrounding areas.
SOURCE Hudson City Bancorp, Inc.