2014

Hudson Valley Bank Receives Approval to Open Branch in Eastchester

YONKERS, N.Y., Jan. 6 /PRNewswire-FirstCall/ -- James J. Landy, President & CEO of Hudson Valley Bank, has announced that the Bank received approval from the Office of the Comptroller of the Currency (OCC) to open a branch in Eastchester.

The branch, which will be located at 111 Brook Street between White Plains Road and the Bronx River Parkway, will focus on serving the deposit, lending and investment needs of businesses and individuals in the Eastchester and Scarsdale area. It is expected to open the second quarter of 2009.

"We are delighted to announce that the Manager of the new branch will be Gloria Forte, who has more than 25 years of experience with Bank of New York, now JPMorgan Chase," Mr. Landy said. She was Manager of the Bank of New York/JPMorgan Chase branch in the Village of Scarsdale for 10 years.

Hudson Valley, which specializes in banking services for businesses and professional service firms, including attorneys and real estate developers, as well as not-for-profit organizations, currently has 30 branches in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn, NY, and Fairfield County, CT. The Bank's newest branches are located in Stamford, Westport, Greenwich and Fairfield, CT. The bank expects to open additional branches in Connecticut and throughout the area next year.

"As a local, independently-owned bank headquartered in Yonkers, we believe we have a lot to offer local businesses and Gloria is not only an experienced banker, but knows the local market," Mr. Landy said. "We remain focused on local banking for the local community. We look forward to meeting the banking needs of our friends and neighbors in Eastchester."

For additional information about Hudson Valley's Eastchester Branch, please call Gloria Forte at (914) 768-6968.

Hudson Valley Bank (HVB) is a Westchester-based bank with $2.4 billion in assets, serving the metropolitan area with 30 branches located in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn, NY, 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.

SOURCE Hudson Valley Bank



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