Hudson City Bancorp, Inc. Files Shelf Registration Statement
December 16 2009 - 4:20PM
PR Newswire (US)
PARAMUS, N.J., Dec. 16 /PRNewswire-FirstCall/ -- Hudson City
Bancorp, Inc. (NASDAQ:HCBK), the holding company for Hudson City
Savings Bank, today announced that it has filed an automatic shelf
registration statement on Form S-3 with the Securities and Exchange
Commission. The shelf registration statement will allow the Company
to issue and sell an indeterminate amount of common stock,
preferred stock, debt securities, capital securities, guarantees,
warrants, rights and units or any combination of these securities
in one or more future offerings. The specific terms of any future
offerings will be established by the Company at the time of the
offering, subject to market conditions, and will be described in
detail in a prospectus supplement filed at the time of any such
offering. At this time the Company does not have any immediate
plans or current commitments to sell securities under the shelf
registration statement. Ronald E. Hermance, Jr., Chairman,
President and Chief Executive Officer commented, "We filed a shelf
registration statement to enable us to easily access the capital
markets should an opportunistic transaction arise. We also believe
that the banking regulators as well as the banking committees of
the United States Congress will be calling for increased regulatory
capital requirements. While we are currently considered to be
well-capitalized with a Tier 1 leverage capital ratio of 7.7% and a
total risk-based capital ratio of 21.3%, this shelf registration
affords us greater flexibility to continue to execute our business
model and to pursue opportunities that the current market turmoil
may provide. The shelf registration statement permits us to act
quickly to raise capital with maximum flexibility to offer and sell
different types of equity, debt or other hybrid securities,
depending on the company's needs and capital market conditions."
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities, nor shall there be any
sale of the securities in any state in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state. Any offering
of the securities covered by the registration statement will only
be by means of a written prospectus and prospectus supplement. When
available, copies of the prospectus and any prospectus supplement
relating to a particular offering may be obtained by contacting
Susan Munhall, Investor Relations, at Hudson City Bancorp, Inc.,
West 80 Century Road, Paramus, New Jersey 07652, phone number (201)
967-8290. Hudson City Bancorp maintains its corporate offices in
Paramus, New Jersey. Hudson City Savings Bank, a well-established
community financial institution serving its customers since 1868,
is ranked in the top twenty-five U.S. financial institutions by
asset size and is the largest thrift institution headquartered in
New Jersey. Hudson City Savings currently operates a total of 131
branch offices in the New York metropolitan and surrounding areas.
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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