Press Release
Approval of the Notice by HUBCO, Inc
January 29, 1998

NEW YORK—The Federal Reserve Bank of New York Thursday approved the notice by HUBCO, Inc., Mahwah, N.J., to acquire Poughkeepsie Financial Corp., Poughkeepsie, N.Y., and its federally chartered subsidiary, Bank of the Hudson, Poughkeepsie.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.