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Announced

Hudson Valley Credit Union to acquire Catskill Hudson Bank for $28,6m.

Synopsis

Hudson Valley Credit Union, a financial cooperative, agreed to acquire Catskill Hudson Bank, a community bank for $28.6m. "It was extremely important for us to partner with an organization that shares similar values, and we found that in Hudson Valley Credit Union. I am confident that HVCU will bring many benefits to our employees and customers for years to come. With Hudson Valley Credit Union's deep breadth of financial products and services, our customers will have even more opportunities to thrive with a financial partner that puts their well-being at the forefront – just as we have done for the past 30 years," Mario L. Martinez, Catskill Hudson Bank Chairman & CEO.

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