Orange County Bancorp Declares Significant Cash Dividend
Orange County Bancorp, Inc. (Nasdaq: OBT), a prominent financial institution, recently disclosed a $0.13 cash dividend per share of its common stock. This announcement reflects the company's ongoing commitment to rewarding its shareholders, with the dividend scheduled for payment on June 16 to shareholders who hold their shares as of June 4.
Understanding the Company’s Legacy
Orange County Bancorp, Inc. serves as the parent entity for Orange Bank & Trust Company, in addition to Hudson Valley Investment Advisors, Inc. Established more than 125 years ago, Orange Bank & Trust Company originated from the vision of 14 founders with a focus on innovation and community service. Over the years, the bank has expanded significantly, boasting approximately $2.5 billion in total assets, showcasing its strength and adaptability in the financial sector.
Orange Bank & Trust Company
As an independent banking institution, Orange Bank & Trust Company has positioned itself as a vital resource for both individual and business banking needs. Its success can be attributed to a customer-centered approach and a range of innovative solutions tailored for its diverse clientele.
Hudson Valley Investment Advisors
Acquired by Orange County Bancorp in 2012, Hudson Valley Investment Advisors, Inc. remains a registered investment advisor located in Goshen, NY. Since its inception in 1996, it has played an integral role in offering tailored financial advice and investment strategies to clients, aligning perfectly with the bank's mission to foster financial growth.
Commitment to the Community
Orange County Bancorp has consistently demonstrated a dedication to community welfare. By engaging with local initiatives, the bank enhances support for various charitable organizations and community development projects. This commitment is evident in their investment strategies and customer relations.
Future Outlook
Looking ahead, Orange County Bancorp, Inc. is poised for continued growth, especially with proactive initiatives aimed at enhancing customer experience and broadening service offerings. As it navigates the financial landscape, the company is expected to remain resilient, focusing on opportunities that bolster shareholder value while maintaining its community-focused principles.
Contact Information
For further inquiries or details about the recent dividend announcement, interested parties can reach out to Candice Varetoni, AVP Marketing Officer, via email at Cvaretoni@orangebanktrust.com.
Frequently Asked Questions
What is the amount of the declared cash dividend?
The declared cash dividend of Orange County Bancorp, Inc. is $0.13 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on June 16.
Who is eligible to receive the dividend?
Shareholders on record as of June 4 will be eligible to receive the dividend.
What type of company is Orange County Bancorp, Inc.?
Orange County Bancorp, Inc. is a parent company overseeing Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc.
How long has Orange Bank & Trust Company been in operation?
Orange Bank & Trust Company has been in operation for over 125 years, establishing a strong community presence.
