NEW WINDSOR, N.Y. (May 27, 2011) – A banking and legal executive is the newest member on the board of the Hudson Valley Economic Development Corp.

Daniel G. Rothstein is General Counsel and Chief Risk Officer at Provident New York Bancorp. Rothstein has been employed by Provident Bank since 1983, and was named Executive Vice President in 1989. He has spent his professional career in commercial banking in the Hudson Valley.

“Dan brings an excellent banking, risk management and legal background to the HVEDC board,” said Mike Oates, CEO and President of the group. “Dan has a wealth of business expertise and skills that will help us attract and retain key businesses to the Hudson Valley. We are thrilled to have him join our Board of Directors.”

HVEDC is the leading economic development agency for the seven-county region that includes Westchester, Putnam, Dutchess, Rockland, Orange, Ulster and Sullivan counties.

Rothstein is looking forward to joining the board. “The Hudson Valley is a booming business community,” he said. “It’s wonderful to be part of an organization that is responsible for growing business in Provident’s communities and I look forward to contributing my banking and legal background to continue that growth.”

About Provident New York Bancorp: Provident New York Bancorp headquartered in Montebello, N.Y., is the bank holding company for Provident Bank, an independent, full-service community bank founded in 1888. With $3.0 billion in assets and approximately 600 employees, Provident Bank offers a complete line of commercial, community business, retail banking, and investment management products and services through 35 branches in the Hudson Valley region. The bank serves Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York, and Bergen County in New Jersey.