Yonkers banker gets national charter
-
- November
- 19
Hudson Valley Holding Corp. said today that both of its subsidary banks, Hudson Valley Bank and NYNB Bank, received federal approval to switch to a national charter from a state charter.
Hudson Valley Bank, which has offices in Westchester, Rockland and New York City, is planning to expand to Connecticut.
“A national charter will make it easier for Hudson Valley Bank to enter Connecticut and to further expand our branch network for our customers throughout the metropolitan area,� said James J. Landy, president of Yonkers-based Hudson Valley Holding.
NYNB Bank, which was founded as New York National Bank in 1982 and has five branches in the Bronx and Upper Manhattan, converted back to a national charter, having changed to a state charter when Hudson Valley Holding acquired the bank last year.
In conjunction with the conversion to a national charter, NYNB Bank has changed its name back to the original New York National Bank, the company said.
Customers “should see very little if any change as a result of the conversion to a national charter,� Landy said.
This entry was posted
on Monday, November 19th, 2007 at 1:01 pm by David Schepp.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
