Financial Leader Lauded For Committment to Community, Historic Hudson Valley to Honor Thomas E. Hales

Citing his strong, successful efforts to grow his bank into a regional leader, Historic Hudson Valley will honor Thomas E. Hales, chairman and chief executive officer of Union State Bank, at its annual Hudson Valley Hero Gala on Thursday, June 22, at Philipsburg Manor in Sleepy Hollow.

imagesHales, who first joined the bank in 1982, grew the bank from a two-branch operation with $23 million in assets to an institution with 29 branches and nearly $3 billion in assets. Under his tenure, Union State Bank has been a consistent, keen supporter of organizations that enrich the quality of life on both banks of the Hudson River.

"As Tom grew Union State Bank into a major player in the financial services industry, he also created a major presence in our community, " said Michael Hegarty of Briarcliff, Chairman of the Board of Trustees of Historic Hudson Valley (HHV).

Last year, Union State Bank helped HHV launch the Great Jack O’Lantern Blaze, a blockbuster event that drew some 18,000 visitors to Van Cortlandt Manor in Croton, one of six historic sites in HHV’s network. This year, the Bank is continuing to sponsor the Blaze and has begun helping HHV to restore the Manor House at Philipsburg Manor in Sleepy Hollow. Tom and Alice Hales raised their family in a house mere blocks from Philipsburg.

HHV is a client of Union State Bank, whose branches surround the organization’s historic sites. Branches serving HHV are in Tarrytown, Ossining, and Peekskill.

"Tom Hales is a great builder and he has created tremendous value for the customers, employees, and shareholders of Union State Bank, " said Kevin J. Plunkett, a partner of Thacher, Proffitt & Wood and member of the Bank’s Board of Directors, who also chairs the Hudson River Greenway Conservancy. "I’m also a long-time supporter of Historic Hudson Valley and I’m delighted to see them honor Tom. It’s a link between two great institutions that enhance our region immeasurably. "

The gala begins with cocktails at 7, followed by dinner and dancing under the stars at 8. Fireworks and patriotic songs will round out the evening. Tickets are available by calling Barbara Lonczak at 914-631-8200, Ext. 615.

Union State Bank, a full service New York State chartered, commercial bank, was founded in 1969 in Rockland County where it is headquartered and has the number one market share. Union State Bank is a subsidiary of U.S.B. Holding Co., Inc, (NYSE: UBH).

Historic Hudson Valley is a network of six historic sites: Washington Irving’s Sunnyside; Kykuit, the Rockefeller estate, a historic site of the National Trust; Philipsburg Manor; the Union Church of Pocantico Hills; Van Cortlandt Manor; and Montgomery Place Historic Estate. Information:

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About the Author: Rob Schweitzer