CEO Advisory Group
CEO Advisory Group is Consultant to HVCU in Proposed Bank Acquisition
Hudson Valley Credit Union, headquartered in Poughkeepsie, New York, entered into a definitive agreement to acquire Kingston, New York based Catskill Hudson Bank on January 10th, 2024.
Founded in 1963, Hudson Valley Credit Union, serves more than 350,000 members, with assets of $6.9 billion and 22 locations in New York.
Established in 1993 in Sullivan County NY, Catskill Hudson Bank opened its first branch in Monticello located in the heart of the Catskill Mountain Range. As of the 3rd quarter 2023 the bank reported assets of $592 million. Pursuant to the merger agreement Catskill Hudson stockholders will receive aggregate consideration of $28.6 million.
The transaction will grow Hudson Valley Credit Union’s assets to approximately $7.4 billion and 32 full-service branches.
Upon completion of the transaction, former Catskill Hudson Bank branches will operate under the Hudson Valley Credit Union name and brand.
CEO Advisory Group is serving as the financial advisor to Hudson Valley Credit Union in this transaction.
Transaction Announcement (PDF)
