Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common Stock

Core Viewpoint - Orange County Bancorp, Inc. has successfully completed a public offering, with underwriters exercising their overallotment option to sell an additional 258,064 shares at a price of $23.25 per share, resulting in expected proceeds of approximately $5.7 million for the company [1]. Company Overview - Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. The bank has approximately $2.6 billion in total assets and has been committed to community and business clientele for over 125 years [5]. - Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor based in Goshen, NY, founded in 1996 and acquired by the company in 2012 [5]. Offering Details - The offering was conducted under an effective shelf registration statement on Form S-3, and interested parties can access the preliminary and final prospectus supplements through the SEC website or by contacting the joint book-running managers [3]. - Piper Sandler & Co. and Stephens Inc. acted as joint book-running managers for the offering [2]. Financial Implications - The additional shares sold through the overallotment option are expected to generate approximately $5.7 million in proceeds for the company after deducting underwriting discounts and commissions [1].