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Hudson Valley Holding (HVB) in Yonkers, N.Y., has hired a former chief credit officer at Merrill Lynch Bank USA.
July 26 -
William E. Griffin, a founder and former chairman of Hudson Valley Holding (HVB), has died, the company said Friday. Griffin was 79 and had suffered from a long illness.
September 7 -
Hudson Valley Holding (HVB) in Yonkers, N.Y., has named a new leadership team following the resignation of founder and Chairman William E. Griffin.
May 11
The Office of the Comptroller of the Currency has released Hudson Valley Bank in Yonkers, N.Y., from a 2012 enforcement action.
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The OCC also terminated an individual minimum capital ratio agreement with the bank from Oct. 2009., according to a Thursday press release from its parent company, Hudson Valley Holding Corp. (HVB).
Hudson Valley had a 9% Tier 1 leverage ratio and a 17% total risk-based capital ratio as of Sept. 30.
"We are extremely pleased with the lifting of the formal written agreement and individual minimum capital ratios by the OCC," president and chief executive Stephen Brown said in the release. "As we have previously stated, we have committed significant time and resources during the past year and half to fully address matters raised by the OCC. We believe, as a result, we are a financially stronger bank with robust systems and processes that position us to be a more competitive force within our market."
Brown