Orange County Bancorp Boosts Shareholder Value with Dividend
Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company, has made an exciting announcement regarding its cash dividend for shareholders. This decision not only reflects the bank's ongoing commitment to its investors but also highlights the strong performance of the institution in recent years.
Details of the Cash Dividend
Effective immediately, Orange County Bancorp has revealed a $0.02 increase in its dividend, bringing the total to $0.25 per share of its common stock. This cash dividend is a testament to the company's healthy financial position and its strategy to return value directly to its shareholders. The dividend is scheduled for payment on December 16 to all shareholders of record as of December 4.
A Legacy of Growth and Trust
Founded over 125 years ago by a visionary group of 14 founders, Orange County Bancorp has evolved significantly over the decades. The bank's founder's dedication to community engagement and innovation has allowed it to grow to approximately $2.5 billion in total assets. Such milestones demonstrate the bank’s stability and its ability to adapt and thrive in a competitive market.
Parent Company Structure
Orange County Bancorp is not just a banking institution; it encompasses a broader financial ecosystem. The bank also incorporates Hudson Valley Investment Advisors, Inc., a registered investment advisor based in Goshen, NY. This subsidiary was founded in 1996 and was acquired by Orange County Bancorp in 2012, further diversifying the services offered to its clientele.
Continued Commitment to Community
As part of its commitment to the community, Orange County Bancorp, Inc. emphasizes the importance of maintaining strong relationships with its customers. The leadership recognizes that investing in the community not only benefits local stakeholders but also contributes to the overall growth and prosperity of the institution.
Contact Information
For additional information or inquiries, please contact Candice Varetoni, AVP Marketing Officer at Orange Bank & Trust Company. She can be reached via email at cvaretoni@orangebanktrust.com.
Frequently Asked Questions
What is the new cash dividend amount declared by Orange County Bancorp?
The newly declared cash dividend is $0.25 per share, reflecting a $0.02 increase.
When will the cash dividend be paid to shareholders?
The dividend is scheduled to be paid on December 16 to shareholders who are recorded as of December 4.
What is the historical significance of Orange County Bancorp?
Established over 125 years ago, Orange County Bancorp was founded by 14 individuals committed to serving the community and has steadily grown to a major financial institution.
What does Hudson Valley Investment Advisors do?
Hudson Valley Investment Advisors, Inc. provides investment advisory services and has been part of Orange County Bancorp since its acquisition in 2012.
Who can I contact for more information about the bank?
For further details, Candice Varetoni, the AVP Marketing Officer, can provide assistance via email at cvaretoni@orangebanktrust.com.
