On May 21, 2009, Hudson Valley Holding Corp. (the "Company") issued a press release announcing a stock repurchase program (the "Program") under which the Company will repurchase up to 25,000 shares of the Company's common stock at a price of $40.00 per share, limited to a maximum of 1,000 shares from each beneficial shareholder. The Program will commence on June 1, 2009 and expire on July 17, 2009. No shares will be repurchased until the expiration date of the Program. If the Program is oversubscribed on such date, the Company will allocate the repurchases on a pro-rata basis.

Copies of the press release, the terms and conditions of the Program, and the letter of transmittal for use by the shareholders of the Company in connection with the Program are furnished as Exhibits 99.1, 99.2 and 99.3, respectively, to this Current Report on Form 8-K.

ITEM 9.01        Exhibits.

(d) Exhibits

Exhibit No. Description
99.1        Press Release dated May 21, 2009.
99.2        Terms and Conditions of the Company's Repurchase Program.
99.3        Letter of Transmittal.