Hudson Valley Holding Corp. Reports First Quarter Earnings And Announces Cash Dividend

Apr 24, 2001, 01:00 ET from Hudson Valley Holding Corp.

    YONKERS, N.Y., April 24 /PRNewswire Interactive News Release/ -- William
 E. Griffin, Chairman of the Board, Hudson Valley Holding Corp., announces
 earnings for the first three months of 2001.  Earnings for the three month
 period were $5.2 million, compared to $3.8 million for the same period in
 2000.  Diluted earnings per share were $1.08 compared to $0.79 for the same
 period last year.  Mr. Griffin noted that the first quarter earnings were
 higher than normal due to non-recurring items and are not representative of
 future quarters' earnings.
     In addition, James J. Landy, President and Chief Executive Officer,
 announced that as of March 31, 2001, assets totaled $1.3 billion, deposits
 totaled $871.2 million, and net loans totaled $538.9 million.
     Further, Griffin noting the continued excellent performance of the
 Company, announced that the Company has declared a cash dividend of $.34 per
 share payable to all shareholders of record as of the close of business May 7,
 2001.  The dividend will be mailed to shareholders on or about May 18, 2001.
     Hudson Valley Bank, headquartered at 21 Scarsdale Road in Yonkers, has
 14 branch locations in Westchester County and the Bronx.
 
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SOURCE Hudson Valley Holding Corp.
    YONKERS, N.Y., April 24 /PRNewswire Interactive News Release/ -- William
 E. Griffin, Chairman of the Board, Hudson Valley Holding Corp., announces
 earnings for the first three months of 2001.  Earnings for the three month
 period were $5.2 million, compared to $3.8 million for the same period in
 2000.  Diluted earnings per share were $1.08 compared to $0.79 for the same
 period last year.  Mr. Griffin noted that the first quarter earnings were
 higher than normal due to non-recurring items and are not representative of
 future quarters' earnings.
     In addition, James J. Landy, President and Chief Executive Officer,
 announced that as of March 31, 2001, assets totaled $1.3 billion, deposits
 totaled $871.2 million, and net loans totaled $538.9 million.
     Further, Griffin noting the continued excellent performance of the
 Company, announced that the Company has declared a cash dividend of $.34 per
 share payable to all shareholders of record as of the close of business May 7,
 2001.  The dividend will be mailed to shareholders on or about May 18, 2001.
     Hudson Valley Bank, headquartered at 21 Scarsdale Road in Yonkers, has
 14 branch locations in Westchester County and the Bronx.
 
                     MAKE YOUR OPINION COUNT -- Click Here
                http://tbutton.prnewswire.com/prn/11690X56951618
 
 SOURCE  Hudson Valley Holding Corp.