This Day On The Street
Continue to site
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

Hudson Valley Bank Adds New Equipment Capital Capabilities To Further Expand Financing Options For Small To Mid-Size Businesses

YONKERS, N.Y., March 24, 2014 /PRNewswire/ -- Stephen R. Brown, President and Chief Executive Officer of Hudson Valley Bank, the operating subsidiary of Hudson Valley Holding Corp. (NYSE: HVB), has announced that the bank has formed HVB Equipment Capital LLC.

"HVB Equipment Capital will be a nationwide lender to customers, wholesale partners and manufacturers," according to Mr. Brown. "The unit will offer equipment leasing and lending for a wide range of income-producing equipment, including manufacturing, healthcare, technology, and transportation, among others, with a focus on small and middle market transactions in the $100,000 to $5 million range."

Equipment financing offers a flexible alternative to traditional commercial loans, and an estimated $800 billion is expected to be spent on capital equipment acquisitions this year. "Financing equipment allows companies to enhance cash flow and preserve working capital," said Mr. Brown. "This financing option provides fixed monthly payments, allowing businesses to match debt service to revenue-generating equipment and better budget and forecast finances."

The new group will be based in New York City and headed by Steven A. Orenstein, an industry veteran with over 35 years of experience in equipment finance sales and management. Prior to joining Hudson Valley Bank, Mr. Orenstein was a Senior Vice President of the Sterling National Bank Leasing Division. He began his career in healthcare equipment sales and finance and over the years, held a range of positions at companies including Parliament Leasing, Allied Chemical's Equilease Corporation, Telcom Leasing, and Compton Capital, which was merged with Sterling in 1994. He will be joined by a seasoned team of sales and key support personnel.

"Joining Hudson Valley presents an extraordinary opportunity for all of us on the bank's new equipment financing team," said Mr. Orenstein  "With Hudson Valley's rich history as a dedicated small and middle-market commercial lender, its unrivaled local reputation for personalized service, its very well capitalized position, and the experience of our professional team, we have the tools we need to deliver attractive equipment financing solutions to our customers and make a positive impact on the marketplace."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,131.86 +47.37 0.28%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,838.6430 +8.1730 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs