HCBK (MM)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant To Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

 

Date of report (Date of earliest event reported): February 26, 2015

 

 

HUDSON CITY BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		0-26001		22-3640393
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

WEST 80 CENTURY ROAD

PARAMUS, NEW JERSEY 07652

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (201) 967-1900

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨	Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01

Other Events

On February 27, 2015, Hudson City Bancorp, Inc. (the “Company”), the holding company for Hudson City Savings Bank (the “Bank”) issued a press release announcing that the Office of the Comptroller of the Currency (“OCC”) has terminated the memorandum of understanding entered into with the Bank on March 30, 2012. The memorandum of understanding was an informal agreement that required the Bank to adopt and implement enhanced operating policies and procedures and an increased governance structure over compliance and risk management practices and to develop a written strategic plan, among other things. The Bank’s compliance with these and other requirements of the memorandum of understanding were key factors in the lifting of this supervisory agreement.

A copy of the Company’s press release is attached as Exhibit 99.1 to this report.

 

Item 9.01

Financial Statements and Exhibits

 

(d)

Exhibits

 

Exhibit No.		Exhibit
99.1		Press Release dated February 27, 2015

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: February 27, 2015

Exhibit 99.1

RELEASE 4:00 pm – February 27, 2015

 

CONTACT:		Susan Munhall, Investor Relations
		Hudson City Bancorp, Inc.
		West 80 Century Road, Paramus, New Jersey 07652
TELEPHONE:		(201) 967-8290
E-MAIL:		smunhall@hcsbnj.com

HUDSON CITY BANCORP, INC. REPORTS THAT MEMORANDUM OF

UNDERSTANDING HAS BEEN LIFTED

Paramus, New Jersey, February 27, 2015 - Hudson City Bancorp, Inc. (NASDAQ: HCBK), the holding company for Hudson City Savings Bank (the “Bank”), announced today that the Office of the Comptroller of the Currency (“OCC”) has terminated the memorandum of understanding (“MOU”) entered into with the Bank on March 30, 2012.

Denis J. Salamone, Chairman and Chief Executive Officer commented, “We are pleased that the OCC has terminated the MOU. This achievement reflects the hard work and determination of the Hudson City staff. In the course of satisfying the terms of the MOU, the Bank, among other things, developed a state-of-the-art enterprise risk management department as part of a “three lines of defense” organizational structure and implemented enhanced risk management policies, procedures and systems. We believe these accomplishments, along with our strong ethical corporate culture, provide Hudson City with the necessary governance structure and risk management framework to meet the challenges facing all financial institutions in this current environment.”

Hudson City Bancorp, Inc. 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 Bank currently operates a total of 135 banking offices in the New York metropolitan and surrounding areas.