** HCBK and MTB reported that they have entered into a definitive agreement under which HCBK will merge into a subsidiary of MTB, expanding the premier community banking franchise in the eastern United States.
Online PR News – 28-August-2012 – Las Vegas, NV – MTB, M&T Bank Corporation HCBK, Hudson City Bancorp, Inc.
HCBK and MTB reported that they have entered into a definitive agreement under which HCBK will merge into a subsidiary of MTB, expanding the premier community banking franchise in the eastern United States. Under terms of the agreement, each HCBK share will receive consideration valued at 0.08403 of an MTB share in the form of either MTB stock or cash, based upon the election of each HCBK shareholder, subject to proration as specified in the merger agreement (which provides for an aggregate split of total consideration of 60% common stock of MTB and 40% cash). Based on the closing price of MTB stock on August 24, 2012, the transaction is valued at approximately $3.7 billion. MTB expects to gain approximately $25 billion in deposits and $28 billion in loans from the merger (before acquisition accounting adjustments), giving MTB the fourth largest deposit share in New Jersey. MTB is a financial holding company headquartered in Buffalo, New York. MTB's principal banking subsidiary, M&T Bank, operates banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank. More about MTB at www.mtb.com MTB's 5 days chart: HCBK maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank, a well-established community financial institution serving its customers since 1868, is the largest thrift institution headquartered in New Jersey. Hudson City Savings Bank currently operates a total of 135 branch offices in the New York metropolitan and surrounding areas. More about HCBK at www.hcsbonline.com HCBK's 5 days chart:
An expansion of internet and information technology has been witnessed and education related activities are already taking a major leap forward. It has opened up the fastest way of communication and has also become one of the cheapest available means of dissemination of all possible information and reaching out to people. Crown Equity Holdings Inc., (CRWE) offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. CRWEs advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. CRWEs division CRWE AD-Services (www.crwe-adservices.com), is a full service multimedia advertising company specializing in internet marketing. It provides modern and unique advertising campaigns, dedicated to offering the most cost effective advertising solutions. More about CRWE at www.crownequityholdings.com.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE) is a media-advertisement and newswire company. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE) advertises for a particular client, Crown Equity Holdings Inc. (CRWE) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE), if paid in stock, can and may sell those securities during the advertising period.