YONKERS, N.Y., April 9, 2008 /PRNewswire-FirstCall/ -- James J. Landy, President & CEO of Hudson Valley Bank has announced that Frank J. Skuthan, Executive Vice President (EVP), Marketing Director of Hudson Valley Bank has been named Chief Operating Officer (COO).
(Photo: http://www.newscom.com/cgi-bin/prnh/20080409/NYW079 )
Mr. Skuthan is a banking executive with 30 years of experience in strategic planning, marketing, commercial lending and investment management. He joined Hudson Valley Bank in August 2000 as EVP, Marketing Director, responsible for marketing, product management and strategic planning and initiatives. As Chief Operating Officer he retains his roles as Marketing Director with added responsibility for the Bank's branch expansion, retail branch system, deposit operations, electronic banking and facilities.
Prior to joining Hudson Valley, Mr. Skuthan was a Marketing Director for Ernst & Young in New York City, where he developed and implemented marketing programs for the firm's US and Global Tax Consulting Practices. He was previously Senior Vice President of Marketing for National Westminster Bank in New York City, where he was responsible for marketing, as well as cash management and trade finance product development and sales.
A native of Hartsdale, New York, Mr. Skuthan graduated from Archbishop Stepinac High School in White Plains and Georgetown University with a B.S. in Russian. He earned an MBA in Finance and International Business from New York University Graduate School of Business.
He currently lives in Ridgewood, NJ with his family.
"We are very pleased to have Frank as Chief Operating Officer," Mr. Landy said. "His broad knowledge and experience in the banking industry and his familiarity with Hudson Valley Bank, will be invaluable as we continue to grow and expand the Bank."
Hudson Valley Bank (HVB) is a Westchester-based bank with $2 billion in assets, serving the metropolitan area with 25 branches located in Westchester, Rockland, the Bronx, Manhattan and Queens 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 http://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," "could," "estimates," "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 the Company'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.
