Hudson Valley Bank Names Susan K. Cullen Chief Risk Officer

YONKERS, N.Y., June 18, 2012 /PRNewswire/ -- Stephen R. Brown, President & Chief Executive Officer of Hudson Valley Bank and Hudson Valley Holding Corp., has announced the appointment of Susan K. Cullen to the newly created position of Executive Vice President and Chief Risk Officer.

Ms. Cullen has more than 25 years of experience in auditing and risk management. She served in the financial institution practice of Grant Thornton LLP for the past 18 years, the last four as an Audit Partner, with professional expertise in business risk, enterprise risk and regulatory risk. In her new position, Ms. Cullen will be responsible for overseeing Company-wide risk management programs.

Ms. Cullen is a Certified Public Accountant (CPA) and holds a Bachelor of Science degree in Accounting from the University of Dayton in Dayton, Ohio.

"Susan has extensive audit and risk management experience working in or advising financial institutions," according to Mr. Brown. "She brings an expertise in risk management to our executive team," he said. "Susan will add a new dimension to our risk management practices as we continue to grow our business in a competitive market and challenging regulatory climate."

About Hudson Valley Bank: Hudson Valley Bank is a Westchester based Bank with more than $2.8 billion in assets serving the metropolitan area with 36 branches located in Westchester, Rockland, the Bronx, Manhattan and Brooklyn in New York and Fairfield County and New Haven County in Connecticut. Hudson Valley specializes in providing a full range of financial services to businesses, professional service firms, not-for-profit organizations and individuals; and provides investment management services through a subsidiary, A. R. Schmeidler & Co., Inc. Hudson Valley Holding Corp. is the parent company of Hudson Valley Bank and its common stock is traded on the NYSE under the ticker symbol "HVB" and is included in the Russell 3000® Index. Additional information on Hudson Valley Bank can be obtained on their web site at www.hudsonvalleybank.com.

SOURCE Hudson Valley Bank



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