SOURCE: Greater Hudson Bank

Greater Hudson Bank

July 13, 2015 13:51 ET

Greater Hudson Bank Appoints William M. Mooney, Jr. to Board of Directors

New Board Member for the Expanding Community Bank

BARDONIA, NY--(Marketwired - July 13, 2015) - Greater Hudson Bank ("the Bank") (OTCQX: GHDS), a local community bank servicing the Hudson Valley region, is pleased to announce the appointment of William M. Mooney, Jr. to its Board of Directors.

"It is with great pleasure that I announce the appointment of Bill to our team. His addition to the Greater Hudson Bank Board of Directors is a significant accomplishment as he will provide helpful insight in strategic business opportunities as well as bringing knowledgeable banking expertise to our company. His strong leadership skills, business acumen and banking background, as well as his expansive knowledge of the Hudson Valley, make him a great addition to the Board," said Kenneth J. Torsoe, chairman of the board of Greater Hudson Bank.

Mr. Mooney has been a prominent force in the Hudson Valley region's business and banking community. He currently serves as chief executive officer of The Westchester County Association. He has had a long and distinguished career in the banking industry, most recently at Independence Community Bank where he was responsible for all business activities in Westchester County and Connecticut. Prior to that, he was an executive at Union State Bank as well as Chase Manhattan Bank and Chemical Bank with responsibility for all retail and small business activities in the New York Metropolitan area. He also served as President and CEO of Hudson Valley Bank.

Deeply involved in numerous local philanthropic endeavors, Mr. Mooney has served on several boards in the not-for-profit and educational communities. He has been chairman of the board of the United Way of Westchester and Putnam Counties, St. Thomas Aquinas College, The Westchester County Association, American Heart Walk, Westchester Partnership for Economic Development, CYO Rockland County, Red Cross Rockland County and Rockland Center for the Arts. Mr. Mooney also served as chairman of the board of CMS Bank.

In 2004, Mr. Mooney was honored with The Ellis Island Medal of Honor that recognizes individuals for their exceptional humanitarian efforts and outstanding contributions to the nation.

Mr. Mooney received an Honorary Doctor of Humane Letters from Mercy College in Dobbs Ferry, NY and an Honorary Doctor of Commercial Science from St. Thomas Aquinas College in Sparkill, NY.

"I have had the pleasure of knowing Bill for years and am extremely excited to have him on our Board. The Bank is committed to growing in the Hudson Valley especially in Westchester County and there is no better person to help us accomplish that goal than Bill. He is a knowledgeable, experienced and well-respected professional and he will be a valued addition to the Board and Bank. We are confident that he will help us to expand our presence within our markets," said Edward T. Lutz, President and CEO.

In addition to Mr. Mooney, the members of the Greater Hudson Bank board are Kenneth J. Torsoe, chairman of the board and president of Torsoe Bros. Construction Corp and managing partner of Normandy Village Company; Daniel E. Rifkin, vice-chairman and managing partner of Rifkin & Company, LLP CPAs and president of PayServ Corporation; Steven B. Bakst, founder and president of Just-A-Buck Licensing, Inc.; Raymond S. Pantel, president and owner of Pantel Electric Company; Stephen A. Coyle, owner and operator of Coyle Insurance Agency; Edward T. Lutz, vice-chairman and president and CEO of Greater Hudson Bank, Inc.; and Lynne C. Allan, board secretary and executive vice president and COO of Greater Hudson Bank.

Greater Hudson Bank, founded in 2002, is headquartered in Bardonia, NY. The Bank, which specializes in providing customized banking services to Hudson Valley based businesses, non-profits and municipal agencies is chartered by the New York State Department of Financial Services and its deposits are insured by the FDIC. As evidence of the Banks' financial strength, Greater Hudson Bank has been recognized with a superior rating by the country's leading independent bank rating and research firm, BauerFinancial, Inc. Further information can be found on the Bank's website at or by calling 844-GREAT-11.

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