SOURCE: Greater Hudson Bank

August 27, 2013 11:50 ET

Greater Hudson Bank Introduces "Mortgages for Champions" Program

MIDDLETOWN, NY--(Marketwired - Aug 27, 2013) -  Greater Hudson Bank, N.A. (the "Bank") (OTCQB: GHDS), with assets over $300 million and five bank branch offices throughout the Hudson Valley, announced today implementation of a new "Mortgages for Champions" program as a token of its appreciation for the service and dedication of local heroes of our communities. Active military and veterans, educators, members of law enforcement, medical professionals, emergency medical services personnel, and federal, state and municipal employees will benefit by having no application, underwriting, or commitment fees, as well as no lender closing costs.

Currently operating banking locations in Monroe, Middletown and Warwick in Orange County; White Plains in Westchester County; and Bardonia in Rockland County, the Bank has had a long history of service-oriented community banking. The addition of the "Mortgages for Champions" Program further strengthens the relationship between the bank and the people of the community.

Residential Mortgage Loan Originator Joseph Mauceli stated, "We are pleased and proud to be able to offer this new program to these special groups of people that help our community. We have always taken pride in being a financially sound and ethically responsible organization that maintains a strong relationship with the communities in which we work. Offering the 'Mortgages for Champions' Program helps us accomplish our mission of staying in touch with the pillars of the communities in which we offer our services."

Mr. Mauceli joined the Bank as the Residential Mortgage Loan Originator reporting to Senior Vice President and Chief Lending Officer, Larry Marchini. Joe brings with him over 17 years of experience in the banking and insurance industry. Joe completed his undergraduate degree from Stevens Institute of Technology. He will be covering the Bank's entire market area. For more information about a "Mortgages for Champions" loan, please feel free to contact Joe Mauceli at (845) 367-7073 or email him at mortgages@greaterhudsonbank.com

About Greater Hudson Bank
Greater Hudson Bank, N.A, founded in 2002, is headquartered in Middletown, New York. The Bank has 5 branches which are located in Middletown, Monroe and Warwick, Orange County, New York, Bardonia, Rockland County, New York, and White Plains, Westchester County, New York. The Bank is chartered by the Office of the Comptroller of the Currency and its deposits are insured by the Federal Deposit Insurance Corporation. 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 www.GreaterHudsonBank.com.

Forward-Looking Statements: This Press Release may contain certain statements which are not historical facts or which concern the Bank's future operations or economic performance and which are to be considered forward-looking statements. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Bank cautions that all forward-looking statements involve risk and uncertainties, and that actual results may differ from those indicated in the forward-looking statements as a result of various factors, such as changing economic and competitive conditions and other risk and uncertainties. In addition, any statements in this news release regarding historical stock price performance are not indicative of or guarantees of future price performance.

Contact Information

  • Contact:
    Jenet Ferris
    Marketing Director
    (845) 367-4998