Hudson City Bancorp, Inc. To Join Nasdaq Financial-100 Index Beginning July 31, 2000

Hudson City Bancorp, Inc. (Nasdaq:HCBK) of Paramus, New Jersey, will become a component of the Nasdaq Financial-100 Index®, effective at the beginning of trading Monday, July 31, 2000. Hudson City Bancorp will replace Banco de Galicia y Buenos Aires S.A., which is being acquired by Grupo Financiero Galicia S.A.

With a market capitalization of $1.9 billion, Hudson City Bancorp, Inc. is the holding company for Hudson City Savings Bank, which operates 79 full-service branches throughout New Jersey. Hudson City Savings is a community and customer-oriented savings bank that provides financial services primarily to individuals and families.

The Nasdaq Financial-100 Index consists of 100 of the largest financial organizations listed on the Nasdaq National Market. It was launched in January 1985.

The Nasdaq Stock Market® lists nearly 5,000 companies, has the largest dollar volume of trades of any financial market, and trades more shares per day than any other U.S. market. Its current market capitalization is more than $5 trillion. Nasdaq is a subsidiary of the National Association of Securities Dealers, Inc. (NASD®), the largest securities-industry, self-regulatory organization in the United States. For more information about Nasdaq, visit the Nasdaq Web site at www.nasdaq.com or the Nasdaq NewsroomSM at www.nasdaqnews.com.