Welcome to our dedicated page for Orange Cnty Bancorp news (Ticker: OBT), a resource for investors and traders seeking the latest updates and insights on Orange Cnty Bancorp stock.
Orange County Bancorp Inc (OBT) provides timely financial updates through this centralized news hub, serving investors and community stakeholders. Access official press releases and market-moving announcements from New York's mid-Hudson Valley banking leader, known for integrating traditional services with Orange Wealth Management solutions.
This resource delivers essential updates including quarterly earnings, strategic partnerships, and regulatory developments. Track announcements about commercial lending programs, wealth management expansions, and community banking initiatives that reflect OBT's dual focus on regional service and financial innovation.
Key updates cover leadership changes, product launches, and regulatory filings, with historical context from the company's 125-year operational legacy. Subscribers and analysts will find organized access to material events impacting OBT's market position in competitive regional banking.
Bookmark this page for streamlined monitoring of Orange County Bancorp's financial trajectory. Combine real-time updates with the institution's established reputation for personalized banking and wealth advisory services across Orange County and surrounding regions.
Orange Bank & Trust Company has appointed David P. Dineen as Senior Vice President and Director of Wealth Services, overseeing Private Banking and Trust Services. Dineen brings over 35 years of banking experience, having held senior positions at several financial institutions, including Republic Bank and Capital One Bank. His extensive background in relationship management and private banking aligns with the bank's strategic goals. Orange Bank & Trust Company has more than $2.0 billion in total assets and continues to expand its services in the Hudson Valley region.
Orange County Bancorp (NASDAQ: OBT) has promoted Elizabeth Jones to Senior Vice President and Chief Operating Officer of Orange Bank & Trust Company. Jones, who joined the Bank in 2016, has successfully led several operational projects, including a key core conversion. In her new role, she will oversee all bank and loan operations, compliance, audit, IT departments, and facilities. CEO Michael Gilfeather highlighted Jones' decisive leadership and her integral role in fostering the bank's culture.
Orange County Bancorp has announced a cash dividend of $0.20 per share, payable on March 15, 2022, to shareholders recorded on March 2, 2022. The company, with over $2.0 billion in total assets, operates as the parent of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. This decision reflects the company's commitment to return value to its shareholders while maintaining its strong financial position.
Orange County Bancorp (NASDAQ:OBT) reported a significant increase in net income for 2021, rising by $9.6 million (82.1%) to a record $21.3 million, equivalent to $4.28 per share. Q4 net income also grew by 61.8% year-over-year, reaching $5.5 million. The company's total assets surged 28.6% to $2.1 billion, with average loans increasing 20% to $1.2 billion. Additionally, the successful IPO raised $38.5 million for further growth and visibility. Key growth was evident across all business segments, including a 17.9% revenue increase from trust and asset advisory services.
Orange County Bancorp (NASDAQ:OBT) announced the appointment of Kevin J. Keane to its Board of Directors, effective January 21, 2022. Keane, Managing Partner of PKF O'Connor Davies, brings extensive experience and leadership that align with the bank's expansion strategy into Westchester County. His proven track record of business growth and commitment to community involvement is expected to enhance the board's oversight. The bank has seen significant growth over 125 years, currently holding over $2.0 billion in assets.
Orange County Bancorp (Nasdaq: OBT) announces the hiring of Michael Lesler as SVP, Controller and Chief Accounting Officer. Lesler brings over 20 years of banking experience, including roles at BCB Bank and Clifton Savings Bank. His appointment aims to strengthen the bank's senior management team amidst ongoing growth. The company, founded over 125 years ago, has assets exceeding $2 billion and has expanded its branches in recent years.
Orange Bank & Trust Company has opened a new full-service banking office in Nanuet, Rockland County. Located at 374 South Middletown Road, the branch aims to serve local businesses, non-profits, and municipalities. CEO Michael Gilfeather expressed that this expansion aligns with the bank's regional growth strategy. The branch will operate Monday to Friday, offering a variety of services, including cash management and commercial loans. The bank has a history of over 125 years and currently holds more than $2 billion in total assets.
Orange County Bancorp, Inc. (NASDAQ:OBT) announced a cash dividend of 20¢ per share, set to be paid on December 15, 2021. Shareholders of record by December 3, 2021 will be eligible for this dividend. The company has over $2.0 billion in total assets and continues to uphold a commitment to its community and clientele. This dividend reflects the Board's strategy to return value to shareholders while ensuring ongoing business support and growth.
Orange County Bancorp reported record net income of $5.6 million for Q3 2021, a 91.4% increase year-over-year. Return on assets reached 1.07%, up 35 basis points, while return on common equity rose 126% to 12.2%. Average loans increased 17% to $1.2 billion, and average demand deposits grew 36.7% to $663.8 million. Total assets expanded by 30.6% to $2.2 billion. The bank's wealth management revenue surged 16.7% to $2.4 million. However, it anticipates a one-time charge of $900,000 for systems upgrades due to early vendor contract terminations.
Orange County Bancorp, Inc. (NASDAQ:OBT) announced a cash dividend of 20¢ per share on August 20, 2021. This dividend will be paid on September 15, 2021 to shareholders on record as of September 3, 2021. The bank, with over $2.0 billion in total assets, has a strong commitment to its community and clients, showcasing its long-standing stability since its inception over 125 years ago.
