{"id":797604,"date":"2025-01-02T16:42:42","date_gmt":"2025-01-02T21:42:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/"},"modified":"2025-01-02T16:42:42","modified_gmt":"2025-01-02T21:42:42","slug":"orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/","title":{"rendered":"Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MIDDLETOWN, N.Y., Jan.  02, 2025  (GLOBE NEWSWIRE) &#8212; Orange County Bancorp, Inc. (the \u201cCompany\u201d \u2013 Nasdaq: OBT), parent company of Orange Bank &amp; Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that the record date of its previously declared two-for-one forward stock split (the \u201cStock Split\u201d) of the Company\u2019s common stock will be Wednesday, January 8, 2025 as a result of U.S. equity markets closing on January 9, 2025 to observe and honor the passing of former President Jimmy Carter. Each record holder of common stock on Wednesday, January 8, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to commence on a split-adjusted basis at market open on Monday, January 13, 2025.<\/p>\n<p align=\"justify\">The Stock Split will be effectuated by the filing of an amendment to the Company\u2019s Certificate of Incorporation and will result in a proportionate increase in the number of shares of authorized common stock. The Company anticipates that the outstanding shares of common stock after the Stock Split will increase from approximately 5.7 million shares to 11.4 million shares. The par value per share of the Company\u2019s common stock will be reduced from $0.50 par value to $0.25 par value.<\/p>\n<p align=\"justify\">\n        <strong>About Orange County Bancorp, Inc<\/strong>\n      <\/p>\n<p align=\"justify\">Orange County Bancorp, Inc. is the parent company of Orange Bank &amp; Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank &amp; Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.5 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements contained herein are \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as \u201cmay,\u201d \u201cwill,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201ccontinue,\u201d or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the real estate and economic<\/p>\n<p align=\"justify\">environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity.<\/p>\n<p align=\"justify\">The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company\u2019s financial performance and could cause the Company\u2019s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.<\/p>\n<p align=\"justify\">\n        <strong>For further information:<\/strong><br \/>\n        <br \/>Michael Lesler<br \/>EVP &amp; Chief Financial Officer<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=kpEjCJIh0uRZD61tXL7-iaCJRhLNwQVIIDJeEAyJa4CCuKyWX_7RTX4BKCR0tK3mywSTK4I_0iY8QP-yoSISX69CefqFKuz8RUnJqFsmGpccy2x6YrWJxOJPiuzxIAr4\" rel=\"nofollow\" target=\"_blank\">mlesler@orangebanktrust.com<\/a><br \/>Phone: (845) 341-5111<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTk0MSM2Njc3MDE4IzIxMjQ5NjA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MjQ2NTIwNjgtZDNjNS00MDRjLWExZmItMGVlMWE4ZWZlN2M2LTExMzY1MzE=\/tiny\/Orange-County-Bancorp-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIDDLETOWN, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; Orange County Bancorp, Inc. (the \u201cCompany\u201d \u2013 Nasdaq: OBT), parent company of Orange Bank &amp; Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that the record date of its previously declared two-for-one forward stock split (the \u201cStock Split\u201d) of the Company\u2019s common stock will be Wednesday, January 8, 2025 as a result of U.S. equity markets closing on January 9, 2025 to observe and honor the passing of former President Jimmy Carter. Each record holder of common stock on Wednesday, January 8, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to commence on a split-adjusted basis at &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-797604","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MIDDLETOWN, N.Y., Jan. 02, 2025 (GLOBE NEWSWIRE) &#8212; Orange County Bancorp, Inc. (the \u201cCompany\u201d \u2013 Nasdaq: OBT), parent company of Orange Bank &amp; Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that the record date of its previously declared two-for-one forward stock split (the \u201cStock Split\u201d) of the Company\u2019s common stock will be Wednesday, January 8, 2025 as a result of U.S. equity markets closing on January 9, 2025 to observe and honor the passing of former President Jimmy Carter. Each record holder of common stock on Wednesday, January 8, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to commence on a split-adjusted basis at &hellip; Continue reading &quot;Orange County Bancorp, Inc. 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(the \u201cCompany\u201d \u2013 Nasdaq: OBT), parent company of Orange Bank &amp; Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that the record date of its previously declared two-for-one forward stock split (the \u201cStock Split\u201d) of the Company\u2019s common stock will be Wednesday, January 8, 2025 as a result of U.S. equity markets closing on January 9, 2025 to observe and honor the passing of former President Jimmy Carter. Each record holder of common stock on Wednesday, January 8, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to commence on a split-adjusted basis at &hellip; Continue reading \"Orange County Bancorp, Inc. Adjusts Stock Split Record Date as US Markets Close on January 9 in Honor of National Day of Mourning for Former President Jimmy Carter\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/","og_site_name":"Market Newsdesk","article_published_time":"2025-01-02T21:42:42+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyNTk0MSM2Njc3MDE4IzIxMjQ5NjA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/orange-county-bancorp-inc-adjusts-stock-split-record-date-as-us-markets-close-on-january-9-in-honor-of-national-day-of-mourning-for-former-president-jimmy-carter\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Orange County Bancorp, Inc. 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