Orange County Bancorp, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 26, 2020
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Orange County Bancorp, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net income was USD 2.748 million compared to USD 2.812 million a year ago. Basic earnings per share was USD 0.61 compared to USD 0.63 a year ago. For the half year, net income was USD 5.170 million compared to USD 5.039 million a year ago. Basic earnings per share was USD 1.15 compared to USD 1.12 a year ago.
Orange County Bancorp, Inc. is a bank holding company. Through its subsidiaries, Orange Bank & Trust Company, a New York state-chartered trust company (the Bank) and Hudson Valley Investment Advisors, Inc., a investment advisor (HVIA), the Company offers 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 individuals in the Lower Hudson Valley region, the New York metropolitan area and nearby markets in Connecticut and New Jersey. Its segments include Banking Business and Wealth Management. The Banking Business segment involves the delivery of loan and deposit products to its customers through the Bank. The Wealth Management segment, which includes asset management and trust services to individuals and institutions through HVIA and the Bank, which provides trust and investment management fee income in its wealth management business segment.
ORANGE COUNTY BANCORP, INC. 
