Dear Customers and Friends:

The Bank is dedicated to remaining independent.

The most effective way to do so is through growth and, in the first half of 2016 and continuing through to date; the Bank grew on several fronts. Regulatory approval was obtained for two new branches in Westchester County; Mamaroneck and Mount Pleasant. In addition, we are scouting for a site in Mount Vernon to establish yet another business-friendly branch. To support our business banking culture, the Bank launched a full suite of cash management/treasury products for businesses, professionals, entrepreneurs, municipalities and nonprofit institutions.


Reflecting our broader geographical footprint, the Bank has formally changed its name to Orange Bank & Trust Company. This is big news for a 124-year-old institution, but only the “second” name change since the Bank opened its doors in 1892. The tradition and heritage of sound community banking that originated with Orange County Safe Deposit & Trust Company and through to Orange County Trust Company will continue in strong and true measure at Orange Bank & Trust Company. The name has changed; the service, people and commitment have not.


Maintaining the ability to deliver value to our shareholders is my most important job. The Company’s directors and management teams of the Bank and HVIA work hard to deliver on our global commitment to the enterprise.


We are a community organization and our direct involvement in improving the lives of our constituents; shareholders, customers/clients, employees and the community-at-large is both meaningful and something to which we consider ourselves duty bound.


If you have any comments, questions or suggestions, please feel free to email me at or call me directly at 845-341-5127.


Very truly yours,

Michael J. Gilfeather
President & CEO