Orange County Bancorp, Inc. announced that it has received $16.436707 million in funding
November 31, 2018
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On November 1, 2018, Orange County Bancorp, Inc. (OTCPK:OCBI) closed the transaction. The company has issued a total of 566,783 shares at a price of $29 per share for gross proceeds of $16,436,707 in the transaction. The company issued 544,783 shares for proceeds of $15,798,707 in its second and final tranche closing. The transaction included participation from accredited investors.
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. 
