Orange County Bancorp, Inc. Announces Pricing of Public Offering of Common Stock

Group 1 - Orange County Bancorp, Inc. announced a public offering of 1,720,430 shares of common stock at a price of $23.25 per share, with an additional option for underwriters to purchase up to 258,064 shares [1][2] - The total gross proceeds from the offering are expected to be approximately $40.0 million, potentially increasing to $46.0 million if the underwriters fully exercise their option [2] - The net proceeds will be used for general corporate purposes, including investments in the Bank, enhancing regulatory capital and liquidity, and potential strategic acquisitions, although there are no current plans for specific acquisitions [2] Group 2 - The offering is expected to close on June 5, 2025, subject to customary closing conditions [2] - Piper Sandler & Co. and Stephens Inc. are acting as joint book-running managers for the offering [3] - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company, which has approximately $2.6 billion in total assets, and Hudson Valley Investment Advisors, Inc. [6]