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Article: Hudson Valley Holding Corp. to Acquire New York National Bank.
- Article from:
- PR Newswire
- Article date:
- December 24, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Board of Directors of Hudson Valley Holding Corp. (HUVL), the parent company of Hudson Valley Bank with $1.9 billion in assets, announces that it has entered into a definitive agreement to acquire New York National Bank, a Bronx based community bank with $140 million in assets.
New York National Bank was founded in 1982 to operate as a community focused bank providing deposit and lending services to residents, businesses and community organizations in the South Bronx. It has expanded its market to several areas of the Bronx and upper Manhattan, serviced through five branch locations.
William E. Griffin, Chairman of Hudson Valley stated, "This ...