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Hudson Valley Bank Chooses Online Banking Solutions for Commercial Online Banking, Mobile Banking and Security Platforms


April 4 - Online Banking Solutions (OBS) has announced that Hudson Valley Bank, headquartered in Yonkers, N.Y., has chosen to upgrade its commercial online banking systems with three products from OBS:

Hudson Valley Bank, the largest bank headquartered in Westchester County, NY, with $3.0 billion in assets, $2.6 billion in deposits and 28 branches, plans to roll out the new commercial online services in 2014.

According to Howard Bruck, chief information officer for Hudson Valley Bank, “We were searching for a technology partner that could help us compete more effectively in the commercial online banking market. OBS has the security, file transfer and mobile tablet solution components we need and the ability to implement the overall solution quickly.”

“In the current online banking environment, the ability to compete with secure, mobile and flexible products is paramount,” explained Joe Spatarella, chief marketing officer at OBS. “Hudson Valley Bank is uniquely positioned to provide new, competitive online banking services to their customers. We are proud to be their partner and are vested in their success.”

About Hudson Valley Holding Corporation

Through its Hudson Valley Bank subsidiary, Hudson Valley Holding Corp. serves small- and mid-sized businesses, professional services firms, not-for-profit organizations and select individuals in metropolitan New York. Headquartered in Yonkers, N.Y., the company provides a full range of banking, trust and investment management services to niche commercial customers and their principals throughout Westchester and Rockland counties, the Bronx, Brooklyn and Manhattan. Hudson Valley is the largest bank headquartered in Westchester County, with $3.0 billion in assets, $2.6 billion in deposits and 28 branches. Its common stock is traded on the New York Stock Exchange and is a Russell 3000® Index component.

About Online Banking Solutions
Online Banking Solutions was founded in 2002 by a management team that pioneered Web cash management and business banking technology. Privately held and profitable, OBS provides contemporary e-banking products including multi-channeled reporting, transaction, and file delivery services. Its clients include commercial banks, 11 of the top 100 U.S. commercial bank holding companies, community banks, and credit unions. OBS offers financial institutions the benefits of a large-scale technology provider coupled with the tenacity and customer-driven service of a small, aggressive entrepreneurial organization.