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Hudson City Bancorp, Inc. Message Board

  • gitchigome gitchigome Jun 18, 2014 3:15 PM Flag

    MTB penalty

    Any opinions on the impact this latest miscue by MTB will have on the merger? At this point I wonder if this merger will ever happen and if so what that will mean to HCBK stockholders after this length of time. The delay is a result of MTB's problems so if HCBK wanted out of the agreement I would think you could make a case that they would not be responsible for the termination fee and MTB should pay it. But, of course, legally this may not be feasible, I'm not a lawyer so what do I know.
    HCBK has some new plans for the bank and with the economy getting a little, and I mean little, better , interest rates perhaps on the rise next year going alone might not be such a bad idea. What do you think?

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