This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Vincent T. Palaia Named Hudson Valley Bank Director

Stocks in this article: HVB

YONKERS, New York, Aug. 30, 2011 /PRNewswire/ -- William E. Griffin, Chairman of the Board of Hudson Valley Bank, has announced that Vincent T. Palaia has been elected as a Director of the Bank.

Mr. Palaia has been a senior executive with Hudson Valley for the past 23 years. He joined the Bank in 1988 and was named to his current position, Executive Vice President and Chief Lending Officer, in 1997. In that time, the Bank has grown significantly. When he first came to Hudson Valley, the Bank had approximately $200 million in its loan portfolio, which has grown to about $2 billion today.

Mr. Palaia has more than 40 years of experience in community banking in the New York Metropolitan area.  He started his career with National Bank of Westchester in 1967 and subsequently worked for Lincoln Bank and Chase Bank in various capacities.

A resident of Greenburgh, NY, he has been active in a number of civic and business organizations throughout the area, including Junior Achievement, the Lions Club, local Chambers of Commerce and the New York Business Development Corp.  He also spent two years of active duty in the U.S. Navy.

"Vinny has a great depth of banking knowledge and experience and will be a great addition to the Board," Mr.  Griffin said. "His expertise in the credit arena will be especially beneficial in maintaining the strength of our loan portfolio in these particularly challenging times for the industry. Vinny has been a long-time and important member of the Hudson Valley family.  He will retain his current position. We believe that as a Board member, he will provide valuable insight, counsel and strategies to contribute to the continued growth and success of the Bank."

Hudson Valley Bank is a Westchester based bank with more than $2.8 billion in assets, serving the metropolitan area with 35 branches located in Westchester, Rockland, the Bronx, Manhattan and Brooklyn in New York and in Fairfield County and New Haven County in Connecticut. HVB specializes in providing a full range of financial services to small businesses, professional service firms, not-for-profit organizations and individuals; and provides investment management services through a subsidiary, A. R. Schmeidler & Co., Inc.  Hudson Valley Holding Corp. is the parent company of Hudson Valley Bank. Hudson Valley Holding Corp.'s common stock is traded on the NYSE under the ticker symbol "HVB" and is included in the Russell 3000®. Additional information about Hudson Valley Bank can be obtained at .

SOURCE Hudson Valley Bank

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,087.52 +57.31 0.32%
S&P 500 2,091.07 +9.19 0.44%
NASDAQ 4,797.3530 +23.8810 0.50%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs