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.”