-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WDbVxFkxuLo4LK0Ww1Jlb7fxNAmBykOD+VHuWlAzV0KzJIqv8tlDjM1lSe8DWYfk UKWDC9iGqtbQ/0uylRJakg== 0000950123-04-008876.txt : 20040728 0000950123-04-008876.hdr.sgml : 20040728 20040728163036 ACCESSION NUMBER: 0000950123-04-008876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040727 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HUDSON VALLEY HOLDING CORP CENTRAL INDEX KEY: 0000722256 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 133148745 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30525 FILM NUMBER: 04936404 BUSINESS ADDRESS: STREET 1: 21 SCARSDALE ROAD CITY: YONKERS STATE: NY ZIP: 10707 BUSINESS PHONE: 9149616100 MAIL ADDRESS: STREET 1: 21 SCARSDALE ROAD CITY: YONKERS STATE: NY ZIP: 10707 8-K 1 y99488e8vk.txt HUDSON VALLEY HOLDING CORP. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) July 27, 2004 ---------------- Hudson Valley Holding Corp. -------------------------------------------------- (Exact Name of Registrant as specified in charter) New York 0-30525 13-3148745 - ------------------------- ------------ ------------------- (State or other jurisdic- (Commission (IRS Employer tion of incorporation) File Number) Identification No.) 21 Scarsdale Road, Yonkers New York 10707 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (914) 961-6100 ---------------- Not applicable - -------------------------------------------------------------- (Former name or former address, if changed since last report.) ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description - ----------- ----------- 99.1 Press release dated July 27, 2004 issued by Hudson Valley Holding Corp.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION On July 27, 2004, the registrant issued a press release reporting its financial results for the six months ended June 30, 2004 and announcing the declaration of a cash dividend to all shareholders of record as of the close of business August 6, 2004. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K. This Current Report on Form 8-K contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "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, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. 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. The information contained in this Current Report on Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall it be incorporated by reference into any filing under the Securities Exchange Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. HUDSON VALLEY HOLDING CORP. By: /s/ Stephen R. Brown --------------------------------- Stephen R. Brown Senior Executive Vice President, Chief Operating Officer, Chief Financial Officer July 28, 2004 EX-99.1 2 y99488exv99w1.txt PRESS RELEASE Exhibit 99.1 FOR IMMEDIATE RELEASE - --------------------- CONTACT Hudson Valley Holding Corp. ------- 21 Scarsdale Road Stephen R. Brown Yonkers, NY 10707 Sr. EVP, COO & CFO (914) 771-3212 (Earnings) Wendy Croker VP, Shareholder Relations (914) 771-3214 (Dividend) HUDSON VALLEY HOLDING CORP. ANNOUNCES CASH DIVIDEND AND REPORTS SIX MONTH EARNINGS YONKERS, NY, July 27, 2004 James J. Landy, President and Chief Executive Officer, Hudson Valley Holding Corp., announced earnings for the first six months of 2004. Earnings for the six month period were $12.4 million, compared to $13.2 million for the same period in 2003. Diluted earnings per share were $1.83 compared to $1.99 for the same period last year. Mr. Landy noted that the 2003 earnings included a $3.2 million after-tax gain on the sale of securities. Excluding this gain, earnings from operations increased by $2.4 million, or 24% compared to the same period last year. Mr. Landy emphasized that this significant growth in earnings from operations was the result of strong loan demand and continued deposit growth. In addition, Mr. Landy, announced that as of June 30, 2004, assets totaled $1.8 billion, deposits totaled $1.2 billion, and net loans totaled $761.2 million. Further, William E. Griffin Chairman of the Board noting the continued excellent performance of the Company, announced that the Company has declared a cash dividend of $0.44 per share payable to all shareholders of record as of the close of business August 6, 2004. The dividend will be mailed to shareholders on or about August 13, 2004. Hudson Valley Holding Corp., headquartered in Yonkers, NY, is the parent company of Hudson Valley Bank, Westchester's largest independently owned Bank with 19 branches located in the Bronx, Manhattan and Westchester and loan production offices in Dutchess County and Queens. The Bank specializes in providing a full range of financial services to small businesses, professional services firms, not-for-profit organizations and individuals. 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. - ------------------------ ### -----END PRIVACY-ENHANCED MESSAGE-----