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Having a bank account outside the U.S. is not illegal if you report your interest income each year and anyone have disclose the account. Generally, accounts along with a balance of $10,000 greater must be disclosed each year on % increase of Foreign Bank and Financial Accounts or FBAR as they are commonly called. The FBAR filing is separate from one's yearly tax give.

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In 1959, the bank made more than $25 million by providing FHA and VA mortgage loans to potential clients. Prior to the 1960s the State banking laws prohibited banks from locating in other counties, although they changed do your best and Hudson City opened their first branch in Bergen County in Waldwick. This only agreed to be the origin. In the 1970s, the bank opened 37 branches in 12 counties. In 1978, once the bank moved their headquarters to Bergen County their total deposits and assets were over $1.1 million.
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