The Yonkers-based parent company of Hudson Valley Bank yesterday restated certain financial statements for 2005, 2006, and the first three quarters of 2007, but it said the changes would not affect figures on profits, net interest income, assets or shareholders’ equity.

In a filing with the Securities and Exchange Commission, Hudson Valley Holding Corp. said the [...]

A recently released survey of its membership by The Business Council of Westchester portrays entrepreneurs who are focused on growing their business, and growing it locally.

More than 300 members of the council were polled in the third quarter of last year. About 45 percent said they do 75 percent or more of their business locally, [...]

Universal American Corp. of Rye Brook said this week that its acquisition of MemberHealth Inc. of Cleveland would boost 2008 earnings by 4 to 7 percent, below the 13-15 percent range that the company predicted last spring.

Universal American stock fell on Wednesday when the company said 2008 earnings would range from $1.56 to $1.74 a [...]

Community Housing Innovations Inc. of White Plains is seeking private partners to take a stake in nine low-income housing buildings in Mount Vernon, Yonkers and Peekskill that it wants to renovate.

CHI says it needs the investors to help pay for $1.48 million in energy renovations to the buildings, including efficient boilers and roofing. The buildings [...]

Financially troubled EVCI Career Colleges Holding Corp. of Yonkers said it will voluntarily delist its common stock from the Nasdaq market on or about March 28, and will seek to deregister its stock.

The company said it is eligible to deregister its stock because it has fewer than 300 stockholders. Deregistering its stock will suspend EVCI’s [...]

EpiCept Corp. of Tarrytown, a biotech company, said today its public offering of 5.4 million shares of common stock would price the shares at 92.25 cents a share. The company said it expects to net $4.7 million on the offering, and will use the funds for general corporate purposes. EpiCept also said its five-year warrants [...]

TAL International Group Inc. of Purchase, a lessor of freight containers and chassis, said yesterday that it had lower fourth-quarter profits on higher revenues.

The company reported net income of $3.4 million, or 10 cents a share, on revenue of $91.4 million. For the comparable quarter a year earlier, it had net income of $14.9 million. [...]

Presidential Life Corp. of Nyack reported lower fourth-quarter profits but higher profits for the year.

The company had net income last quarter of $4 million, or 14 cents a share. For the comparable quarter a year earlier, it had net income of $7.93 million, or 27 cents a share.

For 2007, it had net income of $63.7 [...]

USI Holdings Corp. of Briarcliff Manor said yesterday it has closed on its acquisition of Corporate Planning Systems, an employee benefit insurance brokerage firm based in Bellevue, Wash. Terms were not disclosed. CPS is expected to contribute about $4.5 million in revenues to USI annually, the company said.

Westchester County Executive Andrew Spano said yesterday that other merchants should follow the lead of DeCicco Family Markets, which recently discontinued the sale of tobacco products at its six stores in Westchester and Rockland.

“You have taken an important step to protect the health and well-being of your customers and staff,� Spano said in a letter [...]

Jarden Corp., the consumer products company based in Rye, expects to reach its goal of $3 in earnings per share from continuing operations this year, Chief Executive Officer Martin E. Franklin told analysts this week.

The result is at the low end of the three-to-five year time frame that it targeted in January 2005 to reach [...]

The New York State Office of General Services announced apparent low bidders for work at Sing Sing Correctional Facility in Ossining. They are:

• Burke Electrical Construction Inc. of Goshen, offering a bid of $16,900 for electrical work.

• D.C.I. Danaco Contractors Inc. of North Babylon, N.Y., offering a $28,974 bid for heating and ventilation.

• Centennial Elevator [...]

The Westchester County Association is meeting with Wall Street firms to drum up interest in investing in the Tappan Zee Bridge.

Association President William M. Mooney Jr. said yesterday that some firms have infrastructure funds designed to take stakes in public property that generates income. The Tappan Zee, whose rehabilitation bill could exceed $14 billion, fits [...]

Mahopac National Bank’s acquisition of Sleepy Hollow Bancorp is on track to close by the end of this month, the buyer’s president and chief executive said, and a new name has been settled on for the smaller institution. It’s a mouthful: “Mahopac National Bank, A Tompkins Community Bank, Sleepy Hollow Division.�

Gerald J. Klein Jr., [...]

The Business Council of Westchester has launched CLOUT!, a collaborative to address the needs of companies of more than 25 employees. The group, with 19 charter members, will provide a forum for discussing issues affecting mid-sized companies and sharing ideas for growth. The group will meet monthly, sponsor speakers’ presentations, and hold an annual summit. [...]

PsychoGenics Inc. of Eastview said it has a deal with Dainippon Sumitomo Pharma Co. Ltd. of Japan in which it will screen compounds of the Japanese company to identify new therapies for disorders of the central nervous system.

Westchester County’s Playland amusement park will sponsor a job fair Saturday from 9 a.m. to 2 p.m. at the Westchester County Center in White Plains.

Playland, in Rye, maintains seasonal employment from April through September. Positions to be filled include ride operators, cashiers, custodial, beach and pool, maintenance, lifeguards, clerical and emergency medical technicians.

Applicants must be [...]

Shares of Barr Pharmaceuticals Inc. of Montvale, N.J. today rose 8.32 percent, to $49.47, following word of its successful challenge of the patent on Bayer Schering Pharma AG’s Yasmin oral contraceptive.

Barr, which has manufacturing operations in Pomona, said it was evaluating how the news would affect its 2008 earnings. The successful patent challenge would provide [...]

BioScrip Inc. of Elmsford, a specialty pharmaceutical healthcare business, today reported higher fourth-quarter profits and revenues.

BioScrip had net income of $2.52 million, or 6 cents a share, on revenue of $309.2 million. For the comparable quarter a year earlier, it had a net loss of $28 million, or 75 cents a share, on revenue [...]

MVC Capital Inc. of Purchase said it made a follow-on investment in Summit Research Labs Inc. in Huguenot, N.Y. Terms were not disclosed. The investment will support Summit’s acquisition of Reheis Inc., a producer of active ingredients in antiperspirants, MVC said. Reheis is a subsidiary of GenTek Inc. of Parsippany, N.J.