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William E. Griffin Retires As Chairman Of Hudson Valley Holding Corp. & Hudson Valley Bank

Stocks in this article: HVB

YONKERS, N.Y., May 10, 2012 /PRNewswire/ -- Hudson Valley Holding Corp. (NYSE: HVB) today reported that William E. Griffin, a Founder and Chairman of Hudson Valley Holding Corp. and Hudson Valley Bank for the past 22 years, has announced his retirement from both positions effective immediately.  While retiring as Chairman, he will remain a member of the Boards of Directors.

James J. Landy, President & CEO of Hudson Valley Holding Corp. and Hudson Valley Bank, has been named Executive Chairman and Stephen R. Brown, Senior Executive Vice President, Chief Financial Officer and Treasurer, has been named President & CEO. Both Mr. Landy and Mr. Brown will hold these positions for the Holding Corp. and Bank.

Mr. Landy has over 35 years of experience in commercial banking. He joined Hudson Valley in 1977 and has been President and Chief Executive Officer of the Company since January 2001. He previously served as Executive Vice President and in various other executive capacities with the bank.  Mr. Brown has 35 years of business experience.  He has served as Senior Executive Vice President, Chief Financial Officer of the Company since January 2001, Treasurer of the Company since July 2004 and Secretary since may 2010.  Since joining Hudson Valley in 1993, he has held various other executive positions.

"Jim and Steve have been key members of our management team, as well as serving on our Boards," Mr. Griffin said. "Their expertise combined with their knowledge of our customers, markets and the communities we serve will provide for a smooth transition."

"The Board of Directors has every confidence in Jim and Steve's ability to lead our organization as we strive to be consistent in the areas that have historically been our strengths; our focus on customer service and goal of financial excellence, while at the same time, looking to the future."

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