EXHIBIT  99.1

FOR IMMEDIATE RELEASE
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Hudson Valley Holding Corp.            CONTACT
21 Scarsdale Road                      -------
Yonkers, NY 10707                      Stephen R. Brown
                                       Sr. EVP, CFO and Treasurer
                                       (914) 771-3212 (Earnings)

                                       Wendy Croker
                                       VP, Shareholder Relations
                                       (914) 771-3214 (Dividend)

                           HUDSON VALLEY HOLDING CORP.
                    ANNOUNCES 7.0 % INCREASE IN CASH DIVIDEND
                  AND REPORTS INCREASED FIRST QUARTER EARNINGS

     YONKERS, NY, April 26, 2005 ... James J. Landy, President and Chief
Executive Officer, Hudson Valley Holding Corp., announces earnings for the first
three months of 2005. Earnings for the three month period were $7.3 million,
compared to $6.0 million for the same period in 2004. Diluted earnings per share
were $0.98 compared to $0.81 for the same period last year. In addition, Mr.
Landy, announced that as of March 31, 2005, assets totaled $1.9 billion,
deposits totaled $1.3 billion, and net loans totaled $895.8 million.

     Further, William E. Griffin, Chairman of the Board, noting the continued
excellent performance of the Company, announced that the Company has declared a
cash dividend of $0.47 per share payable to all shareholders of record as of the
close of business May 6, 2005. The dividend will be mailed to shareholders on or
about May 13, 2005. This quarterly dividend represents an increase of 7.0 % from
the previous quarterly dividend of $0.44 per share.

     Hudson Valley Holding Corp., headquartered in Yonkers, NY, is the parent
company of Hudson Valley Bank, an independently owned local Bank, serving the
metropolitan area with 19 branches located in the Bronx, Manhattan and
Westchester and a loan production office in Queens. The Bank specializes in
providing a full range of financial services to small businesses, professional
services firms, not-for-profit organizations and individuals; and provides
investment management services through a subsidiary, A. R. Schmeidler & Co.,
Inc. The Company's stock is traded under the ticker symbol "HUVL" on the OTC
Bulletin Board. Additional information on the Bank can be obtained on our
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.

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