Frederick B. Taylor Joins A. R. Schmeidler & Co. Board

YONKERS, N.Y., June 1 /PRNewswire/ -- William E. Griffin, Chairman of the
Board of Hudson Valley Bank, has announced the appointment of Frederick B.
Taylor, former Vice Chairman and Chief Investment Officer of U.S. Trust
Company of New York, as a member of the Board of Schmeidler & Co., Inc., the
Bank's New York-based investment management firm.

A resident of Purchase, NY, Mr. Taylor joined U.S. Trust in 1966 and was named
the firm's Chief Investment Strategist in 1979. He served as Vice Chairman and
Chief Investment Officer from 1990 until his retirement in 2004. He is
currently a Senior Advisor with New York City-based Evercore Wealth
Management.

Mr. Taylor graduated with distinction from Wesleyan University with a Bachelor
of Arts degree and received a Master of Business Administration degree from
the University of Pennsylvania, Wharton School of Business. He served as a
member of the Board of Trustees of Wesleyan University for many years and was
elected an Emeritus Trustee.

A. R. Schmeidler & Co. is a preeminent investment management firm that has
been managing equity and fixed income investment portfolios for high net-worth
individuals, businesses, not-for-profit organizations, foundations and unions
since 1971. In addition, A. R. Schmeidler manages the investments of Hudson
Valley Bank's Trust Department. The company currently manages more than $1
billion in assets in total.

"As one of the most respected investment professionals in the industry, Fred
is a welcome addition to the Board," Mr. Griffin said. "He brings his
incredible amount of experience and knowledge in investment strategy and
wealth management. We look forward to his participation in the successful
leadership and continued growth of A. R. Schmeidler & Co."

Hudson Valley Bank (HVB) is a Westchester-based bank with $2.5 billion in
assets, serving the metropolitan area with 30 branches located in Westchester,
Rockland, the Bronx, Manhattan, Queens and Brooklyn in New York and Fairfield
County, CT. HVB specializes in providing a full range of financial services
to businesses, professional services firms, not-for-profit organizations and
individuals; and offers services specifically designed for attorneys, property
managers, real estate developers and investors, municipalities and religious
organizations. HVB also provides investment management services through a
subsidiary, A. R. Schmeidler & Co., Inc. Hudson Valley Holding Corp. is the
parent of Hudson Valley Bank and its stock is traded under the ticker symbol
"HUVL" on the OTC Bulletin Board. Additional information on Hudson Valley
Bank can be obtained on its web-site at www.hudsonvalleybank.com.

This press release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of
1995. These statements refer to future events or our future financial
performance. We have attempted to identify forward-looking statements by
terminology including "anticipates," "believes," "can," "continue," "expects,"
"intends," "may," "plans," "potential," "predicts," "should" or "will" or the
negative of these terms or other comparable terminology. These statements are
only predictions and involve known and unknown risks, uncertainties and other
factors that may cause our or the banking industry's actual results, level of
activity, performance or achievements to be materially different from any
future results, level of activity, performance or achievements expressed or
implied by these forward-looking statements. Factors that may cause actual
results to differ materially from those contemplated by such forward-looking
statements include, but are not limited to, material adverse changes in Hudson
Valley Bank's operations or earnings, or a decline in the economy in the New
York Metropolitan area. Although we believe that the expectations reflected
in the forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements.

SOURCE Hudson Valley Bank

James J. Landy, President & CEO, +1-914-771-3230