

Hudson City Bancorp, Inc. is the largest savings bank headquartered in New Jersey and the second largest thrift in the United States. Forbes recently named Hudson City "The Best-Managed Bank of 2007." In addition, The Wall Street Journal Shareholder Scoreboard of 1,000 companies across 75 industry groups cited Hudson City as the #2 bank in the country for a 5-year average return of 23.6% and #2 for a one-year average return of 10.9% for 2007. Hudson City is recognized as The Most Efficient Bank in the country, which enables it to deliver significant values to customers in the form of competitive deposit yields and mortgage rates, lower closing fees and a straight-forward, streamlined mortgage process. Hudson City is ranked in the top fifty U.S. financial institutions by asset size and currently operates a total of 119 branch offices in the New York metropolitan area. Deposit accounts at Hudson City are FDIC-insured to the maximum allowed by law.