Orange County Bancorp
| General Information | |
| Business: | (Note: NOT an IPO. This is a NASDAQ uplisting from the OTCQX Market. Our shares are traded on the OTCQX under the symbol “OCBI.” On July 28, 2021, the last reported sales price for our common stock on the OTCQX was $33.60 per share. We have applied to list our common stock on the NASDAQ Capital Market under the symbol “OBT.”) We are a bank holding company headquartered in Middletown, New York and registered under the BHC Act. Through our wholly owned subsidiaries, Orange Bank & Trust Company and HVIA, we offer full-service commercial and consumer banking products and services and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments and affluent individuals in the Lower Hudson Valley region, the New York metropolitan area and nearby markets in Connecticut and New Jersey. The Company’s main office is located at 212 Dolson Avenue, Middletown, New York 10940.
By combining the high-touch service and relationship-based focus of a community bank with the extensive suite of financial products and services offered by our larger competitors, we believe we can capitalize on the substantial growth opportunities available in our market areas. We also offer a variety of deposit accounts to businesses and consumers, including a full line of municipal banking accounts. These products and services offered through our 14 branch offices and one loan production office, generate a stable source of low-cost core deposits and a diverse loan portfolio with attractive risk-adjusted yields.
(Orange County Bancorp upsized its public offering – NASDAQ uplisting – on Aug. 4, 2021, at $33.50 – the mid-point of its $32-to-$35 range – and sold 1 million shares, up from 900,000 shares in the prospectus, to raise $33.5 million.)
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| Industry: | Banking |
| Employees: | 195 |
| Founded: | 1892 |
| Contact Information | |
| Address | 212 Dolson Avenue, Middletown, New York 10940, US |
| Phone Number | (845) 341-5000 |
| Web Address | http://www.orangebanktrust.com |
| View Prospectus: | Orange County Bancorp |
| Financial Information | |
| Market Cap | $181.0mil |
| Revenues | $55.6 mil (last 12 months) |
| Net Income | $14.2 mil (last 12 months) |
| IPO Profile | |
| Symbol | OBT |
| Exchange | NASDAQ |
| Shares (millions): | 1.0 |
| Price range | $33.50 - $33.50 |
| Est. $ Volume | $33.5 mil |
| Manager / Joint Managers | Piper Sandler/ Stephens, Inc. |
| CO-Managers | - |
| Expected To Trade: | 8/5/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |