Hudson Valley Bank to Open Branch in Milford, CT

YONKERS, N.Y., Dec. 22 /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 Milford, CT.

The branch is expected to open the second quarter of 2009 at 54 Broad Street in Milford to serve the banking needs of businesses and individuals in Milford, Stratford, Orange and surrounding communities.

Hudson Valley Bank recently opened branches in Stamford, Westport, Greenwich and Fairfield, CT and plans to open additional branches in Connecticut in the coming year.

With 30 branches in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn, NY, and Fairfield County, CT, Hudson Valley specializes in banking services for businesses, professional service firms, including attorneys, real estate developers and property managers, as well as municipalities and not-for-profit organizations.

"Hudson Valley Bank prides itself on personal service, innovation, flexibility and a total commitment to our customers," Mr. Landy said. "As we have grown, we have not lost our focus on local banking for the local community. We are making loans in Connecticut."

The bank hired Gary Biros, an experienced local Connecticut banker, to serve as Manager of the Milford Branch. Mr. Biros was formerly a Business Development and Sales Manager at TD Banknorth in Stratford, CT.

According to Mr. Landy, Hudson Valley Bank has been serving local communities since its founding in 1972. "We remain financially strong, safe and sound and firmly committed to our independence."

For additional information about Hudson Valley's Milford Branch, please call Gary Biros, VP, at (203) 685-0345 or Jim Wood, SVP, at (203) 913-0688 or visit the bank's web site www.hudsonvalleybank.com.

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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