Frederick B. Taylor Joins A. R. Schmeidler & Co. Board

YONKERS, N.Y., June 1 /PRNewswire/ -- William E. Griffin, Chairman of the Board of Hudson Valley Bank, has announced the appointment of Frederick B. Taylor, former Vice Chairman and Chief Investment Officer of U.S. Trust Company of New York, as a member of the Board of Schmeidler & Co., Inc., the Bank's New York-based investment management firm.

A resident of Purchase, NY, Mr. Taylor joined U.S. Trust in 1966 and was named the firm's Chief Investment Strategist in 1979. He served as Vice Chairman and Chief Investment Officer from 1990 until his retirement in 2004. He is currently a Senior Advisor with New York City-based Evercore Wealth Management.

Mr. Taylor graduated with distinction from Wesleyan University with a Bachelor of Arts degree and received a Master of Business Administration degree from the University of Pennsylvania, Wharton School of Business. He served as a member of the Board of Trustees of Wesleyan University for many years and was elected an Emeritus Trustee.

A. R. Schmeidler & Co. is a preeminent investment management firm that has been managing equity and fixed income investment portfolios for high net-worth individuals, businesses, not-for-profit organizations, foundations and unions since 1971. In addition, A. R. Schmeidler manages the investments of Hudson Valley Bank's Trust Department. The company currently manages more than $1 billion in assets in total.

"As one of the most respected investment professionals in the industry, Fred is a welcome addition to the Board," Mr. Griffin said. "He brings his incredible amount of experience and knowledge in investment strategy and wealth management. We look forward to his participation in the successful leadership and continued growth of A. R. Schmeidler & Co."

Hudson Valley Bank (HVB) is a Westchester-based bank with $2.5 billion in assets, serving the metropolitan area with 30 branches located in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn in New York and Fairfield County, CT. HVB specializes in providing a full range of financial services to businesses, professional services firms, not-for-profit organizations and individuals; and offers services specifically designed for attorneys, property managers, real estate developers and investors, municipalities and religious organizations. HVB also provides investment management services through a subsidiary, A. R. Schmeidler & Co., Inc. Hudson Valley Holding Corp. is the parent of Hudson Valley Bank and its stock is traded under the ticker symbol "HUVL" on the OTC Bulletin Board. Additional information on Hudson Valley Bank can be obtained on its web-site at www.hudsonvalleybank.com.

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements refer to future events or our future financial performance. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "expects," "intends," "may," "plans," "potential," "predicts," "should" or "will" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or the banking industry's actual results, level of activity, performance or achievements to be materially different from any future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to, material adverse changes in Hudson Valley Bank's operations or earnings, or a decline in the economy in the New York Metropolitan area. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

SOURCE Hudson Valley Bank

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