Renaissance Capital logo

Orange County Bancorp Priced, Nasdaq: OBT

New York bank with 14 full-service branches across the Lower Hudson Valley.

Industry: Financials

Latest Trade: $33.90 0.00 (0.0%)

First Day Return: +1.8%

Return from IPO: +1.2%

Industry: Financials

We are a bank holding company headquartered in Middletown, New York and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). Through our wholly owned subsidiaries, Orange Bank & Trust Company, a New York state-chartered trust company, and Hudson Valley Investment Advisors, Inc., a registered investment advisor, 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. 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. As of March 31, 2021, our assets, loans, deposits and stockholders’ equity totaled $1.9 billion, $1.2 billion, $1.7 billion and $135.1 million, respectively.
more less
IPO News for Orange County Bancorp
more
IPO Data
IPO File Date 07/09/2021
Offer Price $33.50
Price Range $32.00 - $35.00
Offer Shares (mm) 1.0
Deal Size ($mm) $34
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/04/2021
Offer Price $33.50
Price Range $32.00 - $35.00
Offer Shares (mm) 1.0
Deal Size ($mm) $34
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
more
Company Data
Headquarters Middletown, NY
Founded 1892
Employees 190
Website www.orangebanktrust.com