New Jersey-based bank not feeling Wall Street squeeze
Amid the recent market turmoil, some smaller banks in New Jersey say that business is thriving.
Hudson City Savings Bank President and CEO Ron Hermance says that low sub-prime exposure has been a key to his bank?s success. Hermance also stated that personal customer service is paramount.
New Jersey resident Irene Johnson says that banking with an in-state company just feels more secure.
Hermance says he has seen record profits for the past 10 years in a row with his stocks up 22 percent just this year.