Approval of the Application by Catskill Hudson Bancorp, Inc.

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Press Release

Approval of the Application by Catskill Hudson Bancorp, Inc.

June 14, 2006

NEW YORK—The Federal Reserve Bank of New York Wednesday approved the application by Catskill Hudson Bancorp, Inc., Rock Hill, NY, to become a bank holding company through the acquisition of Community Bank of Sullivan County, Rock Hill, NY, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.

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