Last week I got to visit two HCBK branches, one in Fairfield, CT the other in Stamford, CT. I was in the Fairfield branch for most of 30 minutes, not one customer came in! The level of knowledge of the persons helping me was very poor. Their technology is 20 years ago. I then spent about 20 minutes in the Stamford branch, maybe 3 or 4 customers came in. Having seen the very very low traffic levels of the HCBK banks versus People's and First Niagara would make me very nervous about holding these shares. How does this bank make money concidering the very light traffic in the branches?
The Conneticut 'gold coast' isn't what it used to be, friend. Houses are 40%+ underwater, so you don't find people making CD deposits, nor opening up passbook savings accounts either. Few have money, not even the supposedly well heeled target market of da Hudson.