Orange County Bancorp, Inc. Announces Second Quarter and Year-to-Date Results through June 30, 2020
Middletown, NY - 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…
Orange Bank & Trust Promotes Greg Sousa to Executive Vice President
Middletown, NY - June 25, 2020 – The Board of Directors and Orange Bank & Trust Company President and CEO Michael Gilfeather are pleased to announce the promotion of Gregory Sousa, Chief Commercial Banking Officer, to Executive Vice President.
Orange County Bancorp Directors Re-elected
Middletown, NY - May 21, 2020 – The shareholders of Orange County Bancorp, Inc. (the “Company”) held their annual meeting on May 19, 2020. As part of their precautions regarding COVID-19 and the orders limiting gatherings of people the annual meeting was held in part by means of remote communication.
Orange Bank & Trust Provides Over $100 Million in PPP Loans to Help Local Businesses
Middletown, NY – May 5, 2020 – Orange Bank & Trust Company is pleased to announce the successful processing of over 700 small business loan applications for local business customers, totaling more than $100 million. These applications were funded under the federal Paycheck Protection Program (PPP), which was established in late March to help small businesses remain afloat and retain employees during the economic shutdown caused by the COVID-19 pandemic.
Orange County Bancorp, Inc. Announces First Quarter Results
Middletown, NY - April 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 $2.4 million, or $0.54 per share, for the three months ended March 31, 2020. This compares with net income of $2.9 million, or $0.65 per share, for the three months ended December 31, 2019…
April 6: Orange Bank & Trust Company Client Relief Measures
We would like to remind our clients that we are providing a series of relief measures to help our personal and business banking customers mitigate the financial hardships they are facing right now or navigate other challenges that could confront them during this unprecedented time.
April 4: Paycheck Protection Plan
As an update, we are still in a holding pattern concerning the Paycheck Protection Plan (PPP). We continue to hear from customers that they are learning from others that banks are accepting PPP applications and that they are getting in line at the SBA. The information we know is somewhat different. While some banks are accepting applications for the program, they are not being processed with the Small Business Administration (SBA).
March 24th: Coronavirus (COVID-19) Update
The COVID-19 pandemic is unfolding minute-by-minute. However, Orange Bank & Trust is in a strong position and as a well-capitalized bank we are always here to support our customers and our communities in prosperous times and in times of crisis as we’ve done for the past 125 years. We are providing a series of relief measures to help our personal and business banking customers mitigate the financial hardships they are…
March 17th: Coronavirus (COVID-19) Update
It is undeniable that the situation with the coronavirus (COVID-19) continues to evolve at a rapid pace. Our top priority continues to be the health of our clients, colleagues and communities we serve. In response to the government recommended social distancing efforts to minimize the growth of the virus, beginning Thursday, March 19th, transactions performed at our branches will be limited to Drive-Up stations. For branches without Drive–Up capabilities, transactions will…