Exhibit 99.1




FOR IMMEDIATE RELEASE
Hudson Valley Holding Corp.                  Contact:  Wendy Croker
21 Scarsdale Road                                      VP, Shareholder Relations
Yonkers, NY 10707                                      (914) 771-3214




                           HUDSON VALLEY HOLDING CORP.
                       ANNOUNCES STOCK REPURCHASE PROGRAM


     Yonkers, N.Y., August 31, 2004 - William E. Griffin, Chairman of the Board
of Hudson Valley Holding Corp. announced the approval by the Board of Directors
of a program, effective September 1, 2004, to repurchase up to 75,000 of its
shares at a price of $39.00 per share, or a price of $45.00 per share for a
transaction of at least 2,000 shares. This offer expires December 10, 2004.

     Griffin, noting the continued strong financial performance of the Company,
said the Board increased the per share repurchase price by $0.75 to $39.00 and
by $1.00 to $45.00 for transactions of at least 2,000 shares.

     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.


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