Hudson Valley Bank Provides Funding

YONKERS, N.Y., Aug. 8, 2014 /PRNewswire/ -- Hudson Valley Bank has announced that it has provided funding, in conjunction with the New York Business Development Corporation (NYBDC), for Hill Blvd. LLC, parent company of two long-time Westchester businesses, to purchase property at 3699 Hill Blvd., in Jefferson Valley, NY, and to construct a building on the site.

The new building will house two businesses owned by Hill Blvd. principals, Mario Mancini and Dan Becker, who previously rented space in an adjacent building.  Mr. Mancini has owned and operated A&S Fine Foods Italian Deli for the past 17 years. Mr. Becker has been the owner and operator of Jefferson Valley Pharmacy for the past 15 years.

"We were introduced to Hudson Valley Bank by a trusted business associate," Mr. Mancini said.  "Over the years we had dealt with larger banks. Hudson Valley's local knowledge, as well as having the key decision makers right here in Westchester County, made a difference in completing the deal in a timely and effective manner," he said. "We are grateful to Hudson Valley Bank for moving this project forward for us."

"We are pleased to be able to help Mario and Dan achieve their business goals," said Stephen R. Brown, President and Chief Executive Officer.  "As a commercial bank, we are committed to helping businesses grow and succeed.  With many financing options available to us, we work collaboratively with businesses to structure a loan to meet their present and future needs, and we have money to lend."

For additional information about financing from Hudson Valley Bank, call Niall J. Henry at (914) 768-6888. 

About Hudson Valley Bank. Hudson Valley Bank, headquartered in Yonkers, N.Y., serves small- and mid-sized businesses, professional services firms, not-for-profit organizations and their principals throughout metropolitan New York. The Company focuses on building strategic relationships with its niche customers, providing a full range of banking, deposit, financing, trust and investment management services, in addition to specialized services, such as asset based lending and equipment financing, across varied industries nationwide. With $3.2 billion in assets, $2.9 billion in deposits and 28 branches, Hudson Valley is the largest bank headquartered in Westchester County. Its common stock is traded on the New York Stock Exchange and is a Russell 3000® Index component. More information is available at www.hudsonvalleybank.com.

SOURCE Hudson Valley Bank



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