EXHIBIT 99.1

FOR IMMEDIATE RELEASE
HUDSON VALLEY HOLDING CORP.             CONTACT: WENDY CROKER
21 SCARSDALE ROAD                                FIRST VP, SHAREHOLDER RELATIONS
YONKERS, NY 10707                                (914) 771-3214

                           HUDSON VALLEY HOLDING CORP.
                 ANNOUNCES EXTENSION OF STOCK REPURCHASE PROGRAM

      Yonkers, N.Y., June 3, 2008 - William E. Griffin, Chairman of the Board of
Hudson Valley Holding Corp., announced the approval by the Board of Directors to
extend through September 3, 2008 the current program to repurchase up to 250,000
shares of its common stock at a price of $52.75 per share. The program was
originally announced February 26, 2008. Prior to this offering, the stock price
was $52.00 per share.

According to Mr. Griffin, the Board has extended the repurchase program as a
result of its continuing belief in the strength of the organization and its
strong financial performance.

Hudson Valley Holding Corp. (HUVL), headquartered in Yonkers, NY, is the parent
company of two independently owned local banks, Hudson Valley Bank (HVB) and New
York National Bank (NYNB). Hudson Valley Bank is a Westchester based bank with
more than $2 billion in assets, serving the metropolitan area with 26 branches
located in Westchester, Rockland, the Bronx, Manhattan and Queens, NY, and in
Fairfield County, CT. 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 is a Bronx based bank
with approximately $140 million in assets serving the local communities of the
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 New York National 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," "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 Hudson Valley Bank'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.