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 CASH DIVIDEND
                    AND REPORTS INCREASED NINE MONTH EARNINGS

         YONKERS, NY, October 25, 2005 ... James J. Landy, President and Chief
Executive Officer, Hudson Valley Holding Corp., announced earnings for the nine
months ended September 30, 2005. Earnings for the nine month period were $23.2
million, compared to $20.2 million for the same period in 2004, an increase of
15%. Diluted earnings per share were $3.07 compared to $2.72 for the same period
last year. Mr. Landy emphasized that this significant growth in earnings was the
result of strong loan demand, continued deposit growth and an increase in
investment management services. In addition, Mr. Landy announced that, as of
September 30, 2005, assets totaled $2.1 billion, deposits totaled $1.4 billion,
and net loans totaled $946.3 million.

         Further, William E. Griffin, Chairman of the Board, noting the
continued excellent performance of the Company, announced that the Board of
Directors has declared a cash dividend of $0.47 per share payable to all
shareholders of record as of the close of business November 4, 2005. The
dividend will be distributed to shareholders on or about November 10, 2005.

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 20 branches located in the Bronx, Manhattan, Queens and
Westchester. 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.


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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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