Sound Federal Branches to Change Name to Hudson City

Market Wire, April, 2007

Hudson City Bancorp, Inc. ("Hudson City") (NASDAQ: HCBK), the third largest thrift in the U.S., which acquired Sound Federal Savings Bank nine months ago, announced today that Sound Federal's 14 branches in New York's Westchester, Rockland, and Putnam Counties as well as Fairfield County, Connecticut will begin operating under the Hudson City name.

"Since our initial announcement, we have made every effort to provide a smooth transition as well as offer additional value to our loyal customers. The combination of Sound Federal and Hudson City has proven to be a win-win strategy for our customers and for our Bank," said Ronald E. Hermance, Jr., Chairman, President and Chief Executive Officer of Hudson City. "In Sound Federal, we have found a partner with a similar traditional thrift business model that shares our focus of providing customers with superior value and service."

For example, said Hermance, "In order to enhance customer convenience, Sound Federal recently increased branch hours. And, in keeping with Hudson City's business model, the Bank now offers Sound Federal customers some of the highest deposit yields, lowest fees, and most competitive mortgage rates in the metropolitan area."

"Furthermore, the combination represents Hudson City's initial entry into the high-income suburban counties served by Sound Federal. It enables the Bank to operate in three states with a solid presence in nine of the nation's top fifty U.S. counties measured by median household income," said Hermance.

Hudson City has had an exceptional track record of growth. Its total assets have grown from $8.5 billion in 1999 to over $35 billion today. This represents a 23% compounded annual growth rate in assets, and reflects a 24% compounded annual growth rate in the residential mortgage lending business from 1999 through December 2006.

Hudson City embarked on its winning growth strategy in 2004 and since then has increased the number of branches by 37% -- from 81 branches in 2003 to 111 branches in 2006. Hudson City is slated to open a new branch in Monroe, Connecticut and White Plains, New York this month and has several additional branches in this market on the drawing board.

Since the beginning of 2007, Hudson City was named to the Forbes Platinum 400 list of the "best of the biggest publicly traded companies in America," and has been selected for inclusion in the S&P 500 Index.

Hudson City Savings Bank, among the top fifty banks in the United States by asset size, is recognized as The Most Efficient Bank in the country. This enables Hudson City to deliver significant values to customers in the form of higher deposit yields, competitive mortgage rates, lower fees, and a straightforward, streamlined loan process. Hudson City, the largest savings bank headquartered in New Jersey, also serves customers throughout the surrounding metropolitan area with branches located in Westchester, Fairfield, Putnam, and Rockland counties, as well as in Long Island, Staten Island, and the New Jersey suburbs of Philadelphia. Deposit accounts at Hudson City are FDIC insured to the maximum allowed by law.

This release may contain certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and may be identified by the use of such words as "may," "believe," "expect," "anticipate," "should," "plan," "estimate," "predict," "continue," and "potential" or the negative of these terms or other comparable terminology. Examples of forward-looking statements include, but are not limited to, estimates with respect to the financial condition, results of operations and business of Hudson City Bancorp and statements about the benefits of the merger between Hudson City Bancorp and Sound Federal Bancorp that are subject to various factors which could cause actual results to differ materially from these estimates. Any or all of the forward-looking statements in this release and in any other public statements made by Hudson City may turn out to be wrong. They can be affected by inaccurate assumptions Hudson City might make or by known or unknown risks and uncertainties. Consequently, no forward-looking statement can be guaranteed. Hudson City does not intend to update any of the forward-looking statements after the date of this release or to conform these statements to actual events.

Contact: Susan Munhall Investor Relations Hudson City Bancorp, Inc. 1-201-967-8290 Email Contact