Sound Federal Bancorp, Inc. Announces Results of Special Meeting of Stockholders
June 19 2006 - 1:00PM
PR Newswire (US)
WHITE PLAINS, N.Y., June 19 /PRNewswire-FirstCall/ -- Sound Federal
Bancorp, Inc. (NASDAQ:SFFS) (the "Company"), the holding company
for Sound Federal Savings (the "Bank"), announced that the
Company's stockholders approved the Agreement and Plan of Merger
dated February 8, 2006 by and between Hudson City Bancorp, Inc. and
the Company. The acquisition remains subject to the receipt of
regulatory approval. The Company expects to complete the
acquisition in the third quarter of calendar 2006. The Bank is a
federally-chartered savings bank offering traditional financial
services and products through its New York branches in Mamaroneck,
Harrison, Rye Brook, New Rochelle, Peekskill, Yorktown, Somers,
Cortlandt and Carmel in Westchester County and New City in Rockland
County, and in Connecticut in Greenwich, Stamford, Brookfield and
Bethel. This press release contains certain forward-looking
statements consisting of estimates with respect to the financial
condition, results of operations and business of the Company and
the Bank. These estimates are subject to various factors that could
cause actual results to differ materially from these estimates.
Such factors include (i) the effect that an adverse movement in
interest rates could have on net interest income, (ii) customer
preferences, (iii) national and local economic and market
conditions, (iv) higher than anticipated operating expenses and (v)
a lower level of or higher cost for deposits than anticipated. The
Company disclaims any obligation to publicly announce future events
or developments that may affect the forward-looking statements
herein. 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/
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