March 24, 2010 (FinancialWire) — Hudson City Bancorp, Inc. (NASDAQ: HCBK) said that the Hermance Family Foundation has purchased 10,000 shares of Hudson City Bancorp, Inc. common stock in an open-market transaction. The Hermance Family Foundation was established by Ronald E. Hermance, Jr., the company's chairman, president and chief executive officer with a contribution of 150,000 shares of the company's common stock, and currently owns 160,000 shares.

The shares owned by the foundation are not included in Hermance's beneficial ownership of 7,681,240 shares as reported in the company's proxy statement dated March 18, 2010.

New Jersey-based Hudson City Bancorp is the holding company for Hudson City Savings Bank.

Hudson City Savings Bank is a community financial institution that currently operates a total of 131 branch offices in the New York metropolitan and surrounding areas.

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