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 28, 2007 -- William E. Griffin, Chairman of the Board
of Hudson Valley Holding Corp., announced the approval by the Board of Directors
of a program, effective August 29, 2007, to repurchase up to 250,000 shares of
its common stock at a price of $56.75 per share. This offer expires December 7,
2007.

     Griffin, noting the continued strong financial performance of the Company,
said the Board increased the per share repurchase price by $0.75 to $56.75.

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 22 branches located in
Westchester, Rockland, 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.