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Wednesday, October 29, 2008

10/29/08 PRESS RELEASE:Hudson Valley Bank Further Expands in Connecticut with Opening of Greenwich Branch


Branch Manager: John A. Grassi


James J. Landy, President & CEO of Hudson Valley Bank, has announced the opening of a new full-service branch in Greenwich, CT at 500 West Putnam Avenue, Suite 402.

With three branches now open and more planned to open in the coming months, Hudson Valley Bank is making a major commitment to the banking needs of businesses and individuals in lower Connecticut, according to Mr. Landy. Currently, Hudson Valley Bank operates branches in Stamford and Westport, CT and has received approval for branches in Fairfield and Milford, CT. The bank is also considering additional Fairfield County locations.

"Our goal," Mr. Landy said, "is to be a premier bank for businesses and professional service firms in the southern part of the state by providing an expanding branch network, specialized business banking expertise and outstanding service."

"We have more than 36 years of community banking experience and successfully recruit knowledgeable local bankers. Our Connecticut team includes highly seasoned bankers who know their local communities and share our commitment to relationship-based banking," he noted.

The manager of Hudson Valley's Greenwich Branch is John A. Grassi, who has more than 20 years of banking experience, most recently as Vice President and Branch Manager for JP Morgan Chase in Old Greenwich, CT. "John, a resident of Eastchester, is familiar with the Greenwich community and has proven leadership and banking skills," Mr. Landy said.

Hudson Valley's Connecticut team also includes senior bankers and Connecticut residents, James W. Wood, Senior Vice President; Virginia Turnbull, First Vice President; and John J. Troy, Vice President.

The Greenwich Branch will focus on serving the deposit and lending needs of area attorneys and law firms, in particular, but also other professional service firms, businesses, not-for-profit organizations and individuals. The branch is open Monday through Friday from 8:30 a.m. to 4:30 p.m.

For additional information please call John Grassi, Branch Manager, at (203) 987-6500.

Hudson Valley Bank (HVB) is a Westchester-based bank with $2.4 billion in assets, serving the metropolitan area with 29 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 http://www.hudsonvalleybank.com/.
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