|
|
|
Plan to Restructure Hudson United
|
Business New Haven
8/7/2000
By: Kristine Hansen
|
| MAHWAH, N.J. - Hudson United Bancorp (NYSE: HU) announced plans to restructure its balance sheet by selling about $2 billion of its investment securities. Proceeds will be used for paying down short-term debt, thereby enhancing the company's asset/liability mix. The plan is expected to improve performance ratios and per-share earnings. The company expects that by divesting its assets with the lowest yield and repaying its highest cost liabilities that net interest margin, return on equity, return on assets and earnings per share will improve. The company also expects that its exposure to interest rate hikes will be reduced.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
