Orange County Bancorp, Inc. Announces Completion of $20 Million Private Placement of Subordinated Notes
MIDDLETOWN, N.Y., SEPTEMBER 24, 2020 – Orange County Bancorp, Inc. (the “Company” – OTCQX: OCBI), parent company of Orange Bank & Trust Co. (the “Bank”) and Hudson Valley Investment Advisors, Inc. (HVIA), today announced completion of a private placement of $20 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited institutional investors.
Orange Bank & Trust Hires Carl Capuano as First Vice President, Senior Commercial Loan Officer
Middletown, NY – August 21, 2020 – The Board of Directors and Orange Bank & Trust Company President and CEO Michael Gilfeather are pleased to announce that Carl Capuano has joined the Bank as First Vice President, Senior Commercial Loan Officer.
Orange County Bancorp, Inc. Announces Second Quarter and Year-to-Date Results through June 30, 2020
MIDDLETOWN, N.Y., JULY 27, 2020 – Orange County Bancorp, Inc. (the “Company” - OTCQX: OCBI), parent of Orange Bank & Trust Co. (the “Bank”) and Hudson Valley Investment Advisors, Inc. (HVIA), today announced net income of $2.7 million, or $0.61 per share, and $5.2 million, or $1.15 per share, for the three and six months ended June 30, 2020, respectively. This compares with net income of $2.8 million, or $0.63…
SBA Releases Borrower Instructions for PPP Loan Forgiveness
On Friday evening, May 15th 2020, the SBA and Treasury Department released the application that borrowers must complete in order to have their PPP loan forgiven. The form includes detailed information about the costs that are eligible for forgiveness and instructions for calculating those costs.
Orange Bank & Trust Company`s Paycheck Protection Program
Michael Gilfeather and Mike Coulter from Orange Bank & Trust were guests on WTBQ to speak on the Bank’s Paycheck Protection Program (PPP). Listen to the recording here: