Hudson Valley Bank

Hudson Valley Bank, originally established as Hudson Valley National Bank on May 13, 1972, underwent several significant changes throughout its history. In 1974, the bank changed its name to Hudson Valley National Bank and later, on May 21, 1994, it adopted the name Hudson Valley Bank. That same year, the bank transitioned from state chartering to federal oversight under the Federal Deposit Insurance Corporation (FDIC) and withdrew from the Federal Reserve System. On November 19, 2007, Hudson Valley Bank further evolved by becoming a national bank and member of the Federal Reserve System and changed its name to Hudson Valley Bank, National Association. The bank was involved in various mergers, acquiring New York National Bank in March 2010, and later merged with Sterling National Bank on June 30, 2015. Finally, on February 1, 2022, Hudson Valley Bank merged with Webster Bank, National Association, in Stamford, Connecticut, marking the end of its independent operations. Throughout its history, Hudson Valley Bank experienced changes in institution classification and regulatory oversight, reflecting its growth and adaptation within the banking industry.

Below is a list of some important events in banks history, including mergers and acquisitions.

1972-05-13Institution established. Original name: Hudson Valley National Bank.

1974-07-13Changed Institution Name to Hudson Valley National Bank.

1981-12-28Changed Trust Powers to Full.

1994-05-21Institution withdraws from membership in the Federal Reserve System.

1994-05-21Changed Chartering Agency to State.

1994-05-21Changed Primary Federal Regulatory Agency to FDIC.

1994-05-21Changed Institution Name to Hudson Valley Bank.

2007-11-19Institution becomes member of the Federal Reserve System.

2007-11-19Changed Chartering Agency to The Office of the Comptroller of the Currency.

2007-11-19Changed Bank Class to National Bank, member of the Federal Reserve System (FRS).

2007-11-19Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2007-11-19Changed Institution Name to Hudson Valley Bank, National Association.

2007-11-19Main Office moved to 1055 Summer Street, Stamford, CT 06905.

2010-03-01Acquired New York National Bank in Bronx, NY.

2013-05-24Main Office moved to 21 Scarsdale Road, Yonkers, NY 10707.

2015-06-30Merged and became part of Sterling National Bank in Montebello, NY.

2022-02-01Merged and became part of Webster Bank, National Association in Stamford, CT.