Orange Bank & Trust Opens Fourth Westchester County Branch
The Board of Directors and CEO Michael Gilfeather of Orange Bank & Trust Company announced on August 24 that the bank had opened its fourth full service branch in Westchester County. The branch is located at 510 South Columbus Avenue in Mount Vernon. After overcoming some expected initial delays, the bank held a festive
ribbon-cutting ceremony on Wednesday, October 4. The ribbon-cutting event was attended by approximately 150 people, followed by a reception at a nearby restaurant.
This new branch supports the bank’s strategic plan to expand its operations regionally with a focus on business banking. The branch will be headed by Vice President and Relationship Manager Patrick Smith, who will lead a team of experienced business bankers to deliver a professional client experience, Orange Bank & Trust stated in the announcement. Smith is no stranger to Mount Vernon since he managed the former Hudson Valley Bank on Sandford Boulevard for several years.
Additionally, the bank’s Westchester Trust Division lead by Vice President and Trust Officer, Sinead Fitzsimons, moved its operations to the new Mount Vernon location. The bank’s other Westchester County locations are in White Plains, Mamaroneck and Mount Pleasant.
Orange Bank & Trust Renames Headquarters to Honor Morrison Family Support
Information on the Equifax Breach
As of 9.7.17, Equifax has stated that there is “No Evidence of Unauthorized Access to Core Consumer or Commercial Credit Reporting Databases”. Regardless, it may be in your best interest to understand or review the information Equifax has been issuing in response.
Equifax has set up a website to help consumers determine if their information was breached and, if so, to sign up for credit monitoring and identity theft protection offered by TrustedID, an Equifax subsidiary. Equifax will also mail notices to consumers whose credit card numbers or dispute documents were breached. For more information visit: www.equifaxsecurity2017.com
To see recommended courses of action the Federal Trade Commission has provided on the breach, please click here.
If you would like to place a security freeze on your Equifax credit information, please visit www.freeze.equifax.com/Freeze and follow the instructions provided.
This is being provided for informational purposes only. Orange Bank & Trust Company is not making recommendations of action or inaction, it is important for you to consider what may be the best option for you.
Easter Holiday Phishing Scams and Malware Campaigns
As the Easter holiday approaches, US-CERT reminds users to stay aware of holiday scams and cyber campaigns, which may include:
• Unsolicited shipping notifications that may actually be scams by attackers to solicit personal information (phishing scams),
• Electronic greeting cards that may contain malicious software (malware),
• Requests for charitable contributions that may be phishing scams or solicitations from sources that are not real charities, and
• alse advertisements for holiday accommodations or timeshares.
US-CERT encourages users and administrators to use caution when reviewing unsolicited messages. Suggested preventive measures to protect against phishing scams and malware campaigns include:
• Do not click web links in untrusted email messages.
• Refer to the Shopping Safely Online Tip.
• Use caution when opening email attachments. Check out the Using Caution with Email Attachments Tip for more information on safely handling email attachments.
• Review the Federal Trade Commission's page on Charity Scams. Use the links there to verify a charity’s authenticity before you donate.
• Read the Avoiding Social Engineering and Phishing Attacks Tip.
• Refer to the Holiday Traveling with Personal Internet-Enabled Devices Tip for more information on protecting personal mobile devices.
Orange County Bancorp, Inc. Declares Cash Dividend
MIDDLETOWN, NY-- On November 10, 2016, the Board of Directors of Orange County Bancorp, Inc., the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc., declared a 41¢ cash dividend per share of its common stock. The dividend is payable on December 20, 2016 to shareholders of record as of December 6, 2016.
About Orange County Bancorp, Inc.
Orange County Bancorp, Inc. (the “Company”) is a Delaware corporation and a bank holding company is headquartered in Middletown, NY.
The Company stock trades on the OTC Pink Sheets under “OCBI.”
About Orange Bank & Trust Company
An independent community bank founded 124 years ago, Orange Bank & Trust now has assets of over $900 million. In recent years, Orange Bank & Trust has added branches and expanded into Rockland, Westchester and Dutchess Counties. While growing, OB&T has continued to focus on providing community-based banking, based on personal relationships, for businesses, organizations and individuals.
Information in this release relating to the Company’s future prospects which are forward-looking statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the following: (1) operating, legal and regulatory risks, such as continued levels of loan quality and origination volume, continued relationships with major customers and technological changes; (2) economic, political and competitive forces affecting our banking business, such as changes in economic conditions, especially in our market area, interest rate fluctuations, competitive product and pricing pressures within our market, personal and corporate bankruptcies, monetary policy and inflation; (3) our ability to grow internally or through acquisitions; and (4) the risk that management’s analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful. Forward-looking statements may be identified by the use of words such as “expects,” “believe,” “will,” “intends,” “will be” or “would.” Orange County Bancorp, Inc. assumes no obligation to update the forward-looking information in this announcement, except as required under applicable law.
Orange County Bancorp, Inc.
Timothy S. McCausland
SVP & Corporate Secretary
The Local Live #134 Willow Gardens Memory Care 9-22-16
United Way Holds Campaign Kick-Off Breakfast Honoring Community and Civic Leaders, Michael Gilfeather and Sheila Appel
United Way of the Dutchess-Orange Region kicked off the 2016 Campaign for the Common Good on Thursday, September 15th. United Way President & CEO Jeannie Montano noted that, “We’ll be celebrating our community and its leaders and will learn how we can continue to make positive change through support of United Way and its initiatives.” She went on to state that with the continued support of the community, “United Way helps more than 101,000 individuals each year.”
A committee of community and civic leaders selected this year’s two Community Champion honorees, Sheila Appel of IBM and our very own, Michael Gilfeather of Orange Bank & Trust Company, for their service to the community and leadership of their respective United Way campaigns
In addition to presentations to the honorees by Dutchess & Orange County Executives, Marcus Molinaro and Steven Neuhaus, there were discussions by three nonprofit partner leaders. Executive Officer of Family Services, Brian Doyle; Executive Director of Mental Health America Dutchess County, Andrew O’Grady, LCSW-R; and Executive Director of Safe Homes of Orange County Kellyann Kostyal-Larrier. Each explained how the support by the community through United Way of their respective programs makes a daily and visible difference in peoples’ lives.
Orange Bank and Trust Company was the Corporate Sponsor of the New York State Bar Association's May CLE Program in White Plains
White Plains, NY - Orange Bank and Trust Company, a division of Orange County Trust Company was the corporate sponsor of the New York State Bar Association's (NYSBA) May CLE program titled, Utilizing Supplemental Needs Trusts, which was held at the Elmwood Country Club on May 12. The Bank was represented by SVP's, Timothy McCausland and Trust Services Director, Kate Maloney. The program addressed the issues faced by attorneys practicing in the Supplemental Needs Trusts (SNTs) area, including an overview of how SNTs can be used, practical tips on effectively drafting SNTs, and an examination of the types of SNTs to use in different situations. For information on NYSBA's upcoming events, please visit:
Orange County Trust Company is the primary lender on $4 million solar farm
Mid-Hudson News Network, a division of Statewide News Network, Inc.Corrugated box manufacturer installs $4 million solar farm
TOWN OF WALLKILL - A company that manufactures corrugated shipping containers is installing a $4.2 million solar farm that will power 30 percent of its operations in the Town of Wallkill. The General Electric installation is partially funding through NYSERDA%u2019s NY-SUN Incentive Program. Orange County Trust Company is the primary lender on the project. http://www.midhudsonnews.com/News/2015/May/30/PresCntr-30May15.html
Orange County Trust and Local Businesses Salute Career and Technical Education Outstanding Students
On Tuesday, June 2, 2015 the education and business communities came together to celebrate thirty-two students who excelled in all aspects of their CTE education- theory, practical skills and work-based learning - at the OU BOCES Career and Technical Education Center. The first annual Outstanding Career and Technical Education Students' Recognition Dinner was held at the Villa Venezia in Goshen, where the students, their families, their CTE instructors, guidance counselors and administrators and home school administrators joined them to commend their hard work, dedication, skills and accomplishments. The dinner was the brainchild of Michael Gilfeather, President and Chief Executive Officer of the Orange County Trust Company who reached out to his business colleagues throughout Orange County to join him in supporting and celebrating the achievements of the Career and Technical Education students. He received an overwhelming response from the business community with thirty-six businesses and individuals contributing to the event. Not only were the students and their guests treated to a wonderful dinner, but Orange County Trust also gave each honoree a free checking account for two years, and seeded it with $50 that will hopefully grow as these talented young people progress into successful careers. For more information visit: http://ouboces.org/
Orange County Trust Hosts Lunch & Learn
Orange County Trust Company hosted a special Business Banking Lunch & Learn for Judelson, Giordano & Siegel, CPA, P.C. today to discuss the mutual resources available at each firm and the ways in which the market is changing for their customers and clients.
Philanthropist, SUNY Orange supporter Morrison, 81, dies
Friends and business associates Wednesday were mourning John H. Morrison III, longtime Orange County Trust chairman, scion of a prominent Middletown family, philanthropist, and tireless supporter of SUNY Orange.Morrison, who was 81, died Tuesday at his home in Warwick. He was Orange County Trust chairman from 1985-2012. The Morrison family is well-known, especially for its long association with SUNY Orange. For more information please visit: http://www.recordonline.com/article/20150930/NEWS/150939913
Orange County Trust Company was the Gold Sponsor of the annual Attorney, Banker, CPA Networking Event
Middletown, NY - 2013 Orange County Trust Company was the Gold sponsor of the annual Attorney, Banker, CPA Networking Event hosted by the Mid-Hudson Chapter of the NY State CPA Society on November 4th at Anthony- 2019s Pier 9. The event featured, as its speaker, Marv Levy, Pro Football Hall of Fame coach of the Buffalo Bills.
Orange County Trust Company to sponsor informational workshop targeted at Manufacturing and Technology Companies
MIDDLETOWN, N.Y. (January 20, 2016) - The internationally acclaimed standard for Quality Management, ISO 9001 has been revised to ensure it remains relevant to the business issues and challenges which organizations face today. To help these businesses understand more about the changes, Hudson Valley Technology Development Center (HVTDC) will run an informational program to update them on the changes affecting the system. Orange County Trust Company will be the premier sponsor of the workshop which will be held on March 18th, 2016 from 9:30am- 11:30am at the Larkin Conference Room, 33 Airport Drive, New Windsor, NY. Join Co-Founder and President of E-Prism Solutions, Chuck Mitman, for a workshop addressing these critical issues. Key topics to be reviewed include:
- ISO 9001:2015: What is changing?
- The New ISO Annex SL platform
- ISO 9001:2015 & risk management
- Documentation under ISO 9001 2015
- How ISO 9001:2015 may change the way you do business
ISO 9001:2015 training and overview courses HVTDC provides hands on support & growth services to small & mid-sized manufacturers & early stage technology companies by delivering high quality, cost beneficial technical & management services. HVTDC improves the competitiveness of existing small businesses & advances the development of new business opportunities through the application of innovative, cost-effective techniques and tools.