EXHIBIT 99.1
FOR IMMEDIATE RELEASE
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Hudson Valley Holding Cor.             CONTACT
21 Scarsdale Road                      -------
Yonkers, NY 10707                      Stephen R. Brown
                                       Sr. EVP, CFO & Treasurer
                                       (914) 771-3212

                          HUDSON VALLEY HOLDING CORP.
           REPORTS 30TH CONSECUTIVE YEAR OF RECORD EARNINGS FOR 2006

     YONKERS, NY, January 29, 2007 ...James J. Landy, President and Chief
Executive Officer, Hudson Valley Holding Corp., announces record earnings for
the year 2006. Earnings for the year were $34.1 million, compared to $30.9
million for the year 2005, a 10.1% increase. Diluted earnings per share were
$3.69 compared to $3.37 for the prior year.  Return on average equity was 18.6%.
As of December 31, 2006, assets totaled $2.3 billion, deposits totaled $1.6
billion, and net loans totaled $1.2 billion.  Including the acquisition of NYNB
Bank, the Company's core deposits (which exclude CDs) increased 9.6% and net
loans increased 19.4% during 2006.

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 more than
$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 approximately $140 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.