Hudson Valley Bank Receives Approval to Open Hutch Metro Center Branch

YONKERS, N.Y., April 27 /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 at the Hutch Metro Center in the Bronx.

Scheduled for opening in October 2010, the branch will be located in Tower 1 at 1250 Waters Place, convenient from Westchester Avenue, Eastchester Road and the Hutchinson River Parkway in the Bronx. The branch will focus on serving the deposit, lending and investment needs of Hutch Metro tenants, as well as businesses and individuals in and around the Westchester Square, Pelham Bay and Morris Park areas.

Hudson Valley Bank currently has 36 branches throughout metropolitan New York and lower Connecticut, including four serving the Bronx; at 3130 East Tremont Avenue; 975 Allerton Avenue; 1042 Westchester Avenue; and 369 East 149th Street.

The Bank specializes in banking services for businesses and professional services firms, including attorneys and real estate developers, as well as not-for-profit organizations and individuals.

"As a local, independently-owned bank headquartered in Yonkers, we believe we have a lot to offer businesses in the Bronx," 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 from our new Hutch Metro location."

For additional information about Hudson Valley's Hutch Metro Branch, please call Anthony Mormile, Senior Vice President, at (718) 655-0227.

Hudson Valley Bank (HVB) is a Westchester-based bank with $2.6 billion in assets, serving the metropolitan area with 36 branches located in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn, NY, and Fairfield County and New Haven 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 common stock is traded on the NASDAQ Global Select Market under the ticker symbol "HUVL". 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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