SFFS Sound Federal Bancorp (MM)

WHITE PLAINS, N.Y., April 19 /PRNewswire-FirstCall/ -- Sound Federal Bancorp, Inc. (NASDAQ:SFFS) (the "Company"), the holding company for Sound Federal Savings (the "Bank"), announced that its Board of Directors declared a cash dividend of $0.075 per share to be paid on May 12, 2006 to stockholders of record as of April 28, 2006. Sound Federal Savings is a federally chartered stock savings bank offering traditional financial services and products through its branches in New York in Mamaroneck, Harrison, Rye Brook, Peekskill, Yorktown, New Rochelle, Somers, Carmel, Cortlandt and New City and in Connecticut in Brookfield, Bethel, Greenwich and Stamford. On February 8, 2006, the Company entered into an Agreement and Plan of Merger pursuant to which it would be acquired by Hudson City Bancorp, Inc. Shareholders of Sound Federal Bancorp, Inc. will receive $20.75 in cash for each share of Sound Federal Bancorp, Inc. common stock they own. The acquisition is subject to the receipt of regulatory and shareholder approvals. It is expected that the acquisition will be completed during Sound Federal Bancorp, Inc.'s second fiscal quarter. DATASOURCE: Sound Federal Bancorp, Inc. CONTACT: Anthony J. Fabiano, Senior Vice President, Chief Financial Officer and Corporate Secretary, +1-914-761-3636 Web site: http://www.soundfed.com/

Copyright