US68417L1070 - Common Stock
There was both some bank-specific and industry-specific news this week.
Orange County Bancorp (NASDAQ:OBT) announced today it has been added to the Russell 2000 Index, following the conclusion of the 2023 Russell indexes annual reconstitution, effective after...
Orange County Bancorp (NASDAQ:OBT) declares $0.23/share quarterly dividend, in line with previous.Forward yield 1.71%Payable March 15; for shareholders of record March 3; ex-div March 2.See...
Orange County Bancorp press release (OBT): Q4 GAAP EPS of $1.61.Revenue of $25.91M (+33.8% Y/Y).
MIDDLETOWN, NY / ACCESSWIRE / August 10, 2022 / Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") is pleased to announce that Stephen Rooney has joined the Bank as Senior Vice President and Co-Chief Credit Officer.
MIDDLETOWN, NY / ACCESSWIRE / August 9, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), is pleased to announce the appointment of Richard Rowley as HVIA Board Chair, and William Morrison and Denis Fatovic as new HVIA board members.
MIDDLETOWN, NY / ACCESSWIRE / August 1, 2022 / Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced net income of $2.1 million, or $0.38 per basic and diluted share, for the three months ended June 30, 2022. This compares with net income of $5.2 million, or $1.16 per basic and diluted share, for the three months ended June 30, 2021. The decrease in net income was primarily due to a $4.7 million increase in provision for loan losses for the three months ended June 30, 2022 as compared to the same period in 2021 resulting from two impaired loan relationships within the syndicated loan portfolio.
MIDDLETOWN, NY / ACCESSWIRE / June 30, 2022 / Orange County Bancorp, Inc. (the "Company") (NASDAQ:OBT), parent company of Orange Bank & Trust Co. (the "Bank") and Hudson Valley Investment Advisors, Inc. ("HVIA"), is pleased to announce the appointment of Jonathan Rouis as new board chair of both the Company's and Bank's board of directors effective June 17th, 2022. He assumes the position held for the past ten years by Lou Heimbach. The Company also announced the appointment of Richard Rowley as Chairman of the Board of HVIA effective April 26th, 2022.
MIDDLETOWN, NY / ACCESSWIRE / May 20, 2022 / On May 19, 2022, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.20 cash dividend per share of its common stock. The dividend will be paid on June 15, 2022 to shareholders of record on June 2, 2022.
Orange County Bancorp, Inc. Announces First Quarter Results: - Net Income for Q1 2022 increased $305 thousand, or 6.1%, over Q1 2021 to $5.3 million - Annualized return on average assets for Q1 2022 declined 18 basis points to 0.95% as compared to 1.13% for the same quarter in 2021 as a result of the strong deposit growth during the period - Annualized return on average equity for Q1 2022 declined 307 basis points to 11.87% as compared to
MIDDLETOWN, NY / ACCESSWIRE / March 23, 2022 / The Board of Directors and President and CEO Michael Gilfeather of Orange Bank & Trust Company are pleased to announce the promotion of Anthony Pili, Director of Cash Management, to Senior Vice President. Mr. Pili joined Orange Bank & Trust in 2018 with more than 15 years' experience in the banking and finance industry. He was hired as 1st Vice President, Director of Cash Management, to
MIDDLETOWN, NY / ACCESSWIRE / March 7, 2022 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), is pleased to announce the hiring of David P. Dineen to the role of Senior Vice President, Director of Wealth Services. In this capacity, Dineen will serve as division head for Private Banking, with the Trust Services department reporting to him directly. He will also
MIDDLETOWN, NY / ACCESSWIRE / February 24, 2022 / Orange Bank & Trust Company (the "Bank"), the banking subsidiary of Orange County Bancorp, Inc. (the "Company" - NASDAQ:OBT), is pleased to announce the promotion of Elizabeth Jones to the role of Senior Vice President and Chief Operating Officer of the Bank. Jones joined Orange Bank & Trust in 2016 as 1st Vice President, Director of Branch and Deposit Operations. In 2018, she was given
MIDDLETOWN, NY / ACCESSWIRE / February 18, 2022 / On February 18, 2022, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a $0.20 cash dividend per share of its common stock. The dividend will be paid on March 15, 2022 to shareholders of record on March 2, 2022. About Orange County Bancorp, Inc. Orange County Bancorp, Inc. is the
- Net Income for full year 2021 increased $9.6 million, or 82.1%, to a record $21.3 million - Return on average assets for Q4 2021 rose 21 basis points, or 25.9%, year-over-year to 1.02% - Return on average equity for Q4 2021 rose 185 basis points, or 18.1%, year-over-year to 12.08% - Average Loans (net of PPP) for Q4 2021 increased approximately 20% year-over-year, to $1.2 billion - Provision for loan losses of $545 thousand for Q4 2021
MIDDLETOWN, NY / ACCESSWIRE / January 21, 2022 / The Board of Directors and CEO Michael Gilfeather of Orange County Bancorp, Inc. (the "Company")(NASDAQ:OBT), parent company of Orange Bank & Trust Company (the "Bank") are pleased to announce the appointment of Kevin J. Keane to the Company's Board of Directors effective January 21, 2022. Mr. Keane will also serve on the Board of Orange Bank & Trust Company. "The appointment of Kevin
MIDDLETOWN, NY / ACCESSWIRE / December 29, 2021 / Orange County Bancorp, Inc. (the "Company") (Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the "Bank") announces that Michael Lesler has joined the Company and the Bank as SVP, Controller and Chief Accounting Officer. Michael will report to Robert Peacock, EVP and Chief Financial Officer. "We conducted an in-depth search to find the right leader to complement the bank's senior team
MIDDLETOWN, NY / ACCESSWIRE / November 22, 2021 / The Board of Directors and CEO Michael Gilfeather of Orange Bank & Trust Company proudly announce the opening of their second full-service banking office in Rockland County. Located at 374 South Middletown Road, the office will serve businesses, non-profits and municipalities in the southeastern Rockland County area. "We are pleased to serve our Rockland County clients at our newest office in
MIDDLETOWN, NY / ACCESSWIRE / November 19, 2021 / On November 19, 2021, the Board of Directors of Orange County Bancorp, Inc. (NASDAQ:OBT), the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a 20¢ cash dividend per share of its common stock. The dividend will be paid on December 15, 2021 to shareholders of record on December 3, 2021. About Orange County Bancorp, Inc. Orange County
Orange County Bancorp, Inc. (OBT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Orange County Bancorp, Inc. Announces Record Third Quarter 2021 Results - Net Income for Q3 2021 increased $2.6 million, or 91.4%, to a record $5.6 million versus Q3 2020 - Return on average assets for Q3 2021 rose 35 basis points year-over-year to 1.07% - Return on common equity for Q3 2021 rose 6.8%, or 126%, year-over-year to 12.2% - Average Loans (net of PPP) for Q3 2021 increased 17.0% year-over-year, to $1.2 billion - Provision for
MIDDLETOWN, NY / ACCESSWIRE / August 20, 2021 / The Board of Directors of Orange County Bancorp, Inc., (NASDAQ:OBT) the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a 20¢ cash dividend per share of its common stock. The dividend will be paid on September 15, 2021 to shareholders of record on September 3, 2021. About Orange County Bancorp, Inc. Orange County Bancorp, Inc. is the
Orange County Bancorp, Inc. Announces Record Second Quarter 2021 Results - Net Income for Q2 2021 increased $2.3 million, or 80.4%, to a record $5.2 million versus Q2 2020 - Return on average assets for Q2 2021 rose 28 basis points year-over-year to 1.05% - Return on common equity for Q2 2021 rose 603 basis points year-over-year to 15.0% - Provision for loan losses of $809 thousand declined 38% versus the same period last year due to
MIDDLETOWN, NY / ACCESSWIRE / August 9, 2021 / Orange County Bancorp, Inc. (Nasdaq:OBT) (the "Company"), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., today announced the closing of its initial public offering of common stock. The Company sold 1,150,000 shares of its common stock at a public offering price of $33.50 per share, including 150,000 shares of common stock sold pursuant to the
MIDDLETOWN, NY / ACCESSWIRE / August 5, 2021 / Orange County Bancorp, Inc. (the “Company”), parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. ("HVIA"), today announced that its application to list the Company's common stock on the NASDAQ Capital Market has been approved by The NASDAQ Stock Market LLC and the Company's common stock is now trading under the ticker symbol “OBT.”
Three companies pressed ahead with listings even as two others delayed their offerings.