Hudson Valley Bank Nj

The Hudson Valley Bank Nj

This is Hudson Valley Bank, N.A. company research & ; investing information.

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In the Hudson Valley credit markets NJ Bank

Hudson Valley small companies get an extra knocking room when they want to make a buck. The Lakeland Bank, a merchant bank with offices in the upstate of New Jersey, reaches the upstate to preserve part of the credit markets in the provinces of Dutchess, Ulster, Orange, Rockland, Westchester and Sullivan.

Top man employed for the endeavor is John F. Rath III, a well-known figure in mid-Hudson Banking, who until recently was at the TD Bank, where he was a senior VP. For Lakeland, he is group manager of the new Hudson Valley Loan Production Office, which focuses on medium segment corporate and corporate loans.

Lakeland Chairman and Chief Executive Officer Thomas J. Shara said: "We are pleased to have him." "He' s as good as he can get," Shara said. "He' s giving us immediate credit in the Hudson market." "It is part of our strategy to use our know-how in the area of granting loans to small and medium-sized enterprises. We lend in the $250,000 to $30 million area and have our credit niches in the $1 million to $10 million area.

Adding another lender is good for businesses, said Frank Castella Jr, President of the Dutchess County Regional Chamber of Commerce. And as for Rath, he said, "They shot when they elected him." In Shara's view, Rath's duties involve locating a room to build the new bureau and hire some lenders as well as assistance personnel.

"and not a retailer," Shara said. She knew Rath back when Shara was with Hudson United Bank, when her mother, Hubco, purchased Poughkeepsie Savings Bank in 1997 and Middletown Savings Bank. Hudson was discontinued in 2006 by TD Banknorth, now TD Bank.

that Shara was leaving TD to join Lakeland. Rath's fellowship includes chairs of Hudson Valley Pattern for Progress and the Vassar Brothers Medical Center Executive Team.

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