Business Beat

07/29/2010 12:00 AM |

* Hudson City Bancorp, the parent company of Hudson City Savings Bank, reported earnings of $142.6 million for the second quarter of 2010, up 11.4 percent from the same quarter last year. Year to date, net income increased 14 percent to $291.5 million compared to $255.6 million in 2009.

The board of directors declared a quarterly cash dividend of 15 cents per share, payable Aug. 27 to shareholders of record on Aug. 5.

* Daniel Gale Sotheby’s International Realty has opened a new office in Mattituck, the company’s fourth office since 2007.

In addition, Donielle Cardinale has joined the staff as a licensed real estate broker and fine homes specialist with expertise in horse properties.

* Bridge Bancorp Inc., the parent company of Bridgehampton National Bank, has reported net income of $2.2 million for the second quarter 2010, up 9 percent over last year. In addition, the bank has declared a quarterly dividend of 23 cents per share.

According to president and CEO Kevin O’Connor, results for the first half of 2010 “continue to reflect strong fundamental growth in our business as we expanded relationships, added customers and increased deposits. Offsetting these positive factors were the continued challenges of the economy and the related impacts on loan demand, interest rates and finally, credit and regulatory costs.”



5 Comment

  • Just what we need ANOTHER store! Boy, it’s so sad that Long Islanders only have a few places to shop. I think I can count at least 6 pharmacies within 3 miles each way of the one that is proposed. It’s ridiculous already. Oh, and another traffic light would be great there too, because the traffic isn’t bad enough along that stretch of road.

  • What Miller Place needs is some industry to reduce our taxes, but a primary concern of the area in questions is the traffic. The intersection is the only one in Miller Place and it already creates hardship for locals. Whats wrong with adding some business along the back roads that run by the firehouse sub station, its completely open land with very little traffic.

  • I can’ think of anything we need less in Miller Place than another pharmacy! Oh wait, I just thought of what we need even less, ANOTHER traffic light!!!! Hello? Is anybody listening?

  • Ugh..enough..25A is a nightmare..we do not need, nor want this..MP is one of the few beautiful towns left…go elsewhere walgreens

  • I feel for your pain, we are trying to stop the same thing here in Coram on Rt. 112 and Pine Rd. Lets stick together and fight them both with larger numbers, how many HUGE drug stores do we need??