To our valued members:

I am pleased to announce we have entered into an agreement to acquire Catskill Hudson Bank and merge them into our financial cooperative. A $500 Million community bank headquartered in Kingston, NY, Catskill Hudson was established in 1993 and currently serves 7,500 customers across 11 branches in Sullivan, Orange, Ulster, Saratoga, and Albany Counties. This merger will benefit their consumers, small businesses and employees as well.

This is an important moment in our financial cooperative’s growth story, and I invite you to visit a special webpage that contains more information [https://www.hvcu.org/chbmerger/].

Today’s announcement is the first step, and we expect the transaction to close during the second half of 2024. As we prepare, we remain focused on providing members with the best financial options and pledge to keep you updated when new information is available.

On behalf of our Board of Directors and Executive Management Committee, we are excited to continue growing our cooperative to provide all members with opportunities to create the financial freedom they deserve. Thank you for your continued support of HVCU. We look forward to an exciting 2024.

Jonathan Roberts

President/CEO