YONKERS, N.Y., Oct. 15 /PRNewswire/ -- Travers Collins & Company Investor Relations has been retained by Hudson Valley Holding Corp. (Nasdaq: HUVL), as the parent company of Hudson Valley Bank continues to elevate its profile among institutional investors and the financial community at large.
"Since last year we've listed on the NASDAQ Global Select Market, successfully completed a $90 million follow-on stock offering, increased trading volume and grown our institutional shareholder base," Stephen R. Brown, Senior Executive Vice President, CFO said. "We look forward to partnering with Travers Collins & Company to help us further increase our accessibility to the institutional and professional investment community and communicate our story to current and prospective shareholders alike.
"Hudson Valley Bank is a unique financial institution, given our sharp focus on middle-market commercial customers and their principals throughout the New York metropolitan area and lower Connecticut," Mr. Brown added. "Our differentiated business model, liquid balance sheet, strong capital position and highly efficient operations position Hudson Valley Bank for renewed growth as the economy recovers."
The institution is the largest independent commercial bank based in Westchester County, with more than $2.9 billion in assets.
Travers Collins & Company Investor Relations (www.traverscollins.com/bank) and its senior IR consultants have advised nearly 20 financial institutions, making the firm uniquely experienced and specialized in serving community and regional banks. Banking clients currently include Community Bank System, First Niagara Financial Group, First National Community Bank, Hudson Valley Holding Corp. (Nasdaq: HUVL), Lakeshore Bancorp and Tidelands Bancshares.
Travers Collins & Company Investor Relations is a corporate associate member of the Independent Community Bankers of America (ICBA), and its IR professionals are members of the National Investor Relations Institute (NIRI). It was founded in 1995 as part of the Travers Collins & Company integrated marketing communications agency, which employs a staff of more than 40. The agency is a member of the Worldcom Public Relations Group, the world's largest network of independent public relations firms, as well as the Transworld Advertising Agency Network (TAAN), one of the leading networks of advertising agencies.
About Hudson Valley Holding Corp.
Hudson Valley Holding Corp. (HUVL), headquartered in Yonkers, NY, is the parent company of Hudson Valley Bank (HVB). Hudson Valley Bank is a Westchester based bank with more than $2.9 billion in assets, serving the metropolitan area with 37 branches located in Westchester, Rockland, the Bronx, Manhattan, Queens and Brooklyn in New York and Fairfield County and New Haven County, in Connecticut. HVB specializes in providing a full range of financial services to businesses, professional services firms, not-for-profit organizations and individuals; and provides investment management services through a subsidiary, A. R. Schmeidler & Co., Inc. Hudson Valley Holding Corp.'s common stock is traded on the NASDAQ Global Select Market under the ticker symbol "HUVL" and is included in the Russell 3000® Index. Additional information on Hudson Valley Bank can be obtained on their web-site at www.hudsonvalleybank.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements relate to future events or our future financial performance. We have attempted to identify forward looking statements by terminology including "anticipates," "believes," "can," "continue," "expects," "intends," "may," "plans," "potential," "predicts," "should" or "will" or the negative of these terms or other comparable terminology. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from our future results, level of activity, performance or achievements expressed or implied by these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to:
- a continued or unexpected decline in the economy in the New York Metropolitan area;
- increases in loan losses or in the level of nonperforming loans;
- unexpected increases in our allowance for loan losses;
- our failure to maintain required regulatory capital levels;
- further declines in value in our investment portfolio;
- a continued or unexpected decline in real estate values within our market areas;
- higher than expected FDIC insurance premiums;
- unexpected changes in interest rates;
- additional regulatory oversight which may require us to change our business model;
- the imposition on us of liabilities under federal or state environmental laws;
- those risk factors identified in our SEC filings, including our Form 10-K for the year ended December 31, 2009.
Forward looking statements speak only as of the date such statements are made. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
James J. Landy
President & CEO
Stephen R. Brown
Sr. EVP, CFO & Treasurer
Lynn E. Casteel
Travers Collins & Company
SOURCE Hudson Valley Holding Corp.