In 1929, when stock exchange trading crashed as well as the Great Depression began ultimately 1930s, a lot of lenders experienced bankruptcy and were closed. However, Hudson City Bank wouldn't suffer. Not only did they remain open, but their assets were more than $11 million and they had reserves of $800,000. World war II, the next major conflict was between 1941 and 1945. Your bank sold U.S. War Bonds and by the end of the 1940s, Hudson City had three offices in Jersey City and also over $26 million in properties and assets.
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