Please Note:
This profile was automatically generated using 1 reference found on the Internet. This information has not been verified. Learn more...
This profile was automatically generated using 1 reference found on the Internet. This information has not been verified. Learn more...
Web References
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1. SNL Securities: Dime Bancorp and Hudson United Announce Merger of Equals
www.snl.com/mergers/bank/19990 - [Cached]Published on: 9/15/1999 Last Visited: 6/13/2001
Tony Burriesci , Dime's chief financial officer , said he is looking at ways to increase the net interest margin , primarily by reducing the mix of securities and residential mortgages and replacing them with higher yielding commercial and consumer loans.
Hudson and Dime have both been acquirers. Hudson has pending two bank deals announced June 29 , for Southern Jersey Bancorp of Delaware Inc. , which is based in Bridgeton , NJ ; and for Jeffbanks Inc. , based in Philadelphia. They are still expected to close by the end of the year but not as early in the fourth quarter as planned. Another pending transaction is for the acquisition of the banking assets of Advest Group Inc.
Hudson has completed one deal this year , for Little Falls Bancorp , a New Jersey thrift.
