Exhibit 99.2


FOR IMMEDIATE RELEASE

Hudson Valley Holding Corp.                          CONTACT
21 Scarsdale Road                                    Wendy Croker
Yonkers, NY 10707                                    VP, Shareholder Relations
                                                     (914) 771 - 3214



                           HUDSON VALLEY HOLDING CORP.
                             ANNOUNCES CASH DIVIDEND

     Yonkers, NY, January 30, 2006...William E. Griffin, Chairman of the Board,
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 February 10,
2006. The dividend will be distributed to shareholders on or about February 17,
2006.

     Mr. Griffin noted that while the $0.47 dividend per share is the same as
the cash dividend paid in November 2005, shareholders will actually receive an
increase of 10% compared to November 2005 as a result of the 10% stock dividend
issued to shareholders in December 2005.

     Hudson Valley Holding Corp. (HUVL), headquartered in Yonkers, NY, is the
parent company of two independently owned local banks, Hudson Valley Bank (HUB)
and the NYNB Bank (NYNB). Hudson Valley Bank is a Westchester based bank with
$2 billion in assets, serving the metropolitan area with 21 branches located in
Westchester, the Bronx, Manhattan and Queens. HVB 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. NYNB
Bank is a Bronx based bank with $130 million in assets serving the local
communities of the South Bronx, Upper Manhattan and Roosevelt Island with five
branches. NYNB provides a full range of financial services to individuals,
small businesses and not-for-profit organizations in its local markets. Hudson
Valley Holding Corp.'s stock is traded under the ticker symbol "HUVL" on the
OTC Bulletin Board. Additional information on Hudson Valley Bank and NYNB Bank
can be obtained on their respective web-sites at www.hudsonvalleybank.com and
www.nynb.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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