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In Memoriam: William E. Griffin, Founder And Former Chairman Of Hudson Valley Bank

Stocks in this article: HVB

YONKERS, N.Y., Sept. 7, 2012 /PRNewswire/ -- The Directors, Management and staff of Hudson Valley Bank mourn the loss of William E. Griffin, a founder of the Bank and the longest serving Chairman of the Board, who passed away September 1, 2012.

(Photo: http://photos.prnewswire.com/prnh/20120907/NY70400 )

Mr. Griffin retired as Chairman in May, 2012, after 22 years but stayed on as an active member of the Board. "He was a remarkable man and an extraordinary leader, who guided the bank's impressive growth and success over the past 40 years," said James J. Landy, the former President and Chief Executive Officer, who succeeded Mr. Griffin as Chairman. "He leaves an indelible legacy and will be missed by the entire Hudson Valley family and the community."

A building at Hudson Valley headquarters in Yonkers was named the "Griffin Pavilion" in his honor following his retirement as Chairman in the Spring.

His obituary can be viewed at: http://www.legacy.com/obituaries/lohud/obituary.aspx?n=william-e-griffin&pid=159633896#fbLoggedOut

An attorney, founder and president of the successful law firm, Griffin, Coogan, Blose and Sulzer in Bronxville, Mr. Griffin was one of 10 local businessmen who founded Hudson Valley Bank in Yonkers in 1972. "Through his vision, inspiration and hands-on leadership, he was truly the backbone of the bank as it grew from merely an idea to a major financial institution," said Stephen R. Brown, current President and Chief Executive Officer.  "As a result, we are well poised to build on the solid foundation he created, while looking ahead to assure the continued success of the bank he founded."

Under Mr. Griffin's Chairmanship starting in 1990, Hudson Valley grew from an approximately $400 million company with 10 branches to a more than $2.8 billion company. The bank today has 36 branches and has expanded its reach from its Yonkers roots throughout Westchester, Rockland, New York City and Connecticut.

"He was an astute and singular leader, who never wavered from the bank's founding principles of providing quality products and service for local businesses and individuals in the communities we serve," Mr. Landy said.  "He provided counsel, direction and motivation to create a bank responsive to the needs of the local community."

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