8-K

                       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) April 25, 2006
                                                 ----------------

                          Hudson Valley Holding Corp.
               --------------------------------------------------
               (Exact Name of Registrant as specified in charter)



       New York                      030525                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.)




Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]      Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 230.425)

[ ]      Soliciting material pursuant to Rule 14a.-12 under the Exchange Act
         (17 CFR 240.14a-12)

[ ]      Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))

[ ]      Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 25, 2006, the registrant issued a press release reporting its financial
results for the quarter ended March 31, 2006. A copy of the press release is
attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 8.01 OTHER EVENTS

On April 25, 2006, the registrant issued a press release announcing a cash
dividend. A copy of the press release is attached hereto as Exhibit 99.1 to the
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.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

Exhibit No.     Description
- -----------     -----------

99.1            Press release dated April 25, 2006 issued by Hudson
                Valley Holding Corp.



                                   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/ James J. Landy
                                        ---------------------------------------
                                          President and Chief Executive Officer

April 26, 2006

EX-99.1

                                                                    EXHIBIT 99.1
FOR IMMEDIATE RELEASE

Hudson Valley Holding Corp.                           CONTACT
21 Scarsdale Road                                     Stephen R. Brown
Yonkers, NY 10707                                     Sr. EVP, CFO and Treasurer
                                                      (914) 771-3212 (Earnings)

                                                      Wendy Croker
                                                      VP, Shareholder Relations
                                                      (914) 771-3214 (Dividend)

                           HUDSON VALLEY HOLDING CORP.
                      REPORTS RECORD FIRST QUARTER EARNINGS
                  AND ANNOUNCES 4.25% INCREASE IN CASH DIVIDEND

      YONKERS, NY, April 25, 2006 ...James J. Landy, President and Chief
Executive Officer, Hudson Valley Holding Corp., announces earnings for the first
three months of 2006. Earnings for the three month period were $7.7 million,
compared to $7.3 million for the same period in 2005, an increase of 5.0%.
Diluted earnings per share were $0.92 compared to $0.89 for the same period last
year. Mr. Landy emphasized that this significant growth in earnings was the
result of strong loan demand, continued deposit growth and an increase in
investment management services. In addition, Mr. Landy announced that, as of
March 31, 2006, assets totaled $2.2 billion, deposits totaled $1.5 billion, and
net loans totaled $1.1 billion.

      Further, William E. Griffin, Chairman of the Board, noting the continued
excellent performance of the Company, announced that the Board of Directors has
declared a cash dividend of $0.49 per share payable to all shareholders of
record as of the close of business May 5, 2006. The dividend will be distributed
to shareholders on or about May 12, 2006. This quarterly dividend represents an
increase of 4.25% from the previous quarterly dividend of $0.47 per share.

      Hudson Valley Holding Corp. (HUVL), headquartered in Yonkers, NY, is the
parent company of two independently owned local banks, Hudson Valley Bank (HVB)
and NYNB Bank (NYNB). Hudson Valley Bank is a Westchester based bank with $2
billion in assets, serving the metropolitan area with 21 branches located in
Westchester, the Bronx, Manhattan and Queens. HVB specializes in providing a
full range of financial services to businesses, professional services firms,
not-for-profit organizations and individuals; and provides investment management
services through a subsidiary, A. R. Schmeidler & Co., Inc. NYNB Bank is a Bronx
based bank with $130 million in assets serving the local communities of the
South Bronx, Upper Manhattan and Roosevelt Island with five branches. NYNB
provides a full range of financial services to individuals, small businesses and
not-for-profit organizations in its local markets. Hudson Valley Holding Corp.'s
stock is traded under the ticker symbol "HUVL" on the OTC Bulletin Board.
Additional information on Hudson Valley Bank and


NYNB Bank can be obtained on their respective web-sites at
www.hudsonvalleybank.com and www.nynb.com.

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This press release contains forward-looking statements made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995. These
statements refer 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, level of
activity, performance or achievements to be materially different from any future
results, level of activity, performance or achievements expressed or implied by
these forward-looking statements. Factors that may cause actual results to
differ materially from those contemplated by such forward-looking statements
include, but are not limited to, material adverse changes in the Company's
operations or earnings, or a decline in the economy in the New York Metropolitan
area. 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.

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