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Cecile D. Singer Retires As Director Of Hudson Valley Holding Corp. And Hudson Valley Bank

Stocks in this article: HVB

YONKERS, N.Y., Dec. 13, 2012 /PRNewswire/ -- Hudson Valley Holding Corp. (NYSE: HVB) - James J. Landy, Chairman of Hudson Valley Holding Corp, parent company of Hudson Valley Bank, has announced that Cecile D. Singer, a Director of the Holding Corp. and Bank for the past 18 years, will retire from both Boards effective January 1, 2013.

Mrs. Singer, a former New York State Assemblywoman, was the first woman to serve as a Director of the Company. She joined the Board in 1994 and for the past 15 years, she served as Chair of the Board's Compensation and Organization Committee. As an outgrowth of her work on the Board, she spoke at national conferences on trends in corporate compensation.

As a State Assemblywoman, Mrs. Singer served on various committees including the Senate Legal Committee, the Committee on Corporation Authorities and Commission and as a member of the Corporations Committee. She has been the Principal of Cecile D. Singer Consulting in Yonkers, NY, a consulting firm specializing in government relations, since 1995.

Over the years, Mrs. Singer has been very active in the community, including serving as Chairperson of the Audit Committees of the Yonkers Industrial Development Corporation and Westchester Community College Foundation. In addition, she is the Founder and President of the Women's Enterprise Development Center in the Lower Hudson Valley, a non-profit organization providing training programs and support services to both start-up and established women businesses.

"Cecile has been one of our longest serving and most active Directors," Mr. Landy said. "Her more than 30 years of experience in public service was invaluable to us as we grew the bank from 11 to 36 branches during her tenure, and acquired the New York City investment management firm, A. R. Schmeidler & Co., Inc."

"We are very grateful to Cecile for her many years of dedicated service and for her beneficial guidance, counsel and contribution to our company," added Stephen R. Brown, President and Chief Executive Officer.

With Mrs. Singer's departure, the Holding Corp. Board and the Bank Board will be reduced in size to nine and seven directors, respectively.

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