It looks like M&T Bank (MTB) pulled off a very attractive acquisition of Hudson City (HCBK).  The acquisition will be accretive to capital ratios, tangible book, and GAAP operating earnings per share.  The low interest rate environment has hurt Hudson City but this acquisition will fill a whole in M&T Bank’s regional footprint.  I think...
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    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784