M&T merger passes another regulatory hurdle

Oct 12, 2015

The next expansion of Buffalo's M&T Bank has taken another step toward reality. New York state regulators have approved M&T's application to acquire Hudson City Bancorp Inc. 

 

The Department of Financial Services says it has been reviewing the application since 2012. The transaction was recently approved by the Federal Reserve while shareholders had already voted their approval. The transaction should be completed by about Nov. 1.  

M&T Bank currently has banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia. Hudson City Bancorp Inc.'s controls 135 banking offices in the New York metropolitan area.