Hudson Valley Holding Corp. (HBV) in Yonkers, N.Y. , has named Michael Indiveri its chief financial officer.
Indiveri is CFO of the $2.8 billion-asset company and its banking unit, Hudson Valley said Monday. He succeeded interim CFO Andrew Reinhart, who has returned to his former role of controller and assistant treasurer. Hudson Valley had been searching for a permanent CFO following the promotion of former CFO Stephen Brown to chief executive in May 2012.
Indiveri has served as CFO at several banks in the New York City metro area, including, most recently, Amalgamated Bank. Earlier, he was CFO at City & Suburban Federal Savings Bank in Yonkers and at New York Federal Savings Bank.
Indiveri "is a highly regarded bank executive in metro New York whom we've known for years, and his proven experience in strategic plan execution and financial performance enhancement is a tremendous asset to Hudson Valley," said Brown in the news release. "We are focused on becoming a more nimble, sophisticated and competitively positioned bank, and attracting such high caliber talent with a track record of building long-term shareholder value will aid our progression along this path."
Hudson Valley Bank has 36 branches in New York and Connecticut.