Orange County Bancorp announces common stock offering, no amount given

Orange County Bancorp (OBT), parent company of Orange Bank & Trust Company, and Hudson Valley Investment Advisors, announced it launched an underwritten public offering of shares of its common stock. The company plans to use the net proceeds from the offering for general corporate purposes, which may include investments in the bank supporting continued growth, augmenting regulatory capital and liquidity and providing for potential strategic acquisitions. The company has no current plans, arrangements or understandings relating to any specific acquisition or similar transaction. Piper Sandler & Co. and Stephens are serving as joint book-running managers.