ORANGE BANK & TRUST IS A LEADER IN NEW YORK STATE MUNICIPAL BANKING,
SERVING MUNICIPALITIES FOR OVER 75 YEARS.
PARTNERS FOR THE COMMUNITY
When it comes to serving the financial needs of a municipality, there’s no substitute for local knowledge, experience, cutting-edge technology and good old fashioned high touch service.
Our Municipal Banking experts develop custom, comprehensive solutions for municipalities in Westchester, Orange, Rockland, and Bronx Counties to help increase operational efficiencies, manage funds more effectively, mitigate risk and provide value on interest-bearing deposits and borrowings.
We invest in debt issued by counties, towns, cities, villages, schools and fire districts and reinvest the deposits directly into Hudson Valley business.
ADVANTAGES OF MUNICIPAL BANKING WITH ORANGE BANK & TRUST
• No 800#s or auto-attendants
• The latest in banking technology
• On-site setup and training with a dedicated conversion team of specialists to ensure a seamless, worry-free transition
• Active bidder on Bans, Tans, and Bonds
• Competitive rates on your investments and borrowings
OVERVIEW OF SERVICES
Orange Bank & Trust has a robust a Customer Relationship Team which consists of our Municipal Business Development Specialist, a Branch Manager, a Branch Administrator and You.
- Municipal Checking, Money Market Accounts and Certificates of Deposit
- Collateralization of Deposits with securities or NYFHLB Letters of Credit
- Fraud prevention tools
- Cash handling and smart safe services
- Integration with all of the most prevalent municipal accounting software packages
- Online resident payment and billing portal for water, sewer and tax payments
- Credit card processing
- Credit and Purchasing Cards
- Remote Check Deposit
- Online Wire and ACH capabilities
- Payroll
SAVINGS OPTIONS FOR CONVENIENCE
- Certificates of Deposit (CDs) 30 Days to 6 Months
- Competitive Money Market and Savings Accounts.
- Deposits secured by 3rd party collateralization*
MUNI-CHECKING
- Municipal Checking Accounts with no monthly maintenance fee, no per-transaction fee, no minimum balance required
- First order of standard-sized checks at no cost
- Next-day availability on deposits
- Statements are processed at the end of the month for your convenience.
TRUST AND INVESTMENT MANAGEMENT
- We’re the only trust company headquartered in the region with over a century of trust and investment management experience.
- For certain municipal transactions, we can act as a custodian or trustee of funds, or in an agency capacity. Your counsel will be able to work with our professionals to determine the proper financial solution.**
A SEASONED TEAM OF MUNICIPAL FINANCE PROFESSIONALS
- A team with over 100 years of combined banking experience
- The breadth and depth of our municipal know-how offer you a value proposition that will prove critical to your fiscal management priorities.
- Our products and services form a comprehensive suite of financial tools unmatched by any community bank in the region.
EVEN MORE MUNI-FISCAL MANAGEMENT TOOLS
- Bond Anticipation Notes (BAN), Tax Anticipation Notes (TAN) and Serial Bonds – a critical piece of your annual fiscal planning
- Facilitated contact with traditional bond underwriters and bond counsel
- Assistance with conventional financing for equipment or real estate purchases
- Easy financial management with Online Banking, Bill Pay, and Remote Deposit service
Experience the difference first-hand. Contact a relationship manager or call your local branch to learn more about our Municipal Banking products.
* Orange Bank & Trust Company provides securities as collateral for deposits as required by the New York General Municipal Law and Banking law. Deposits are secured at a rate of 105% of total deposits and statements from a 3rd party financial institution are provided monthly. The independent financial institution will hold the securities in safekeeping collateral for municipal deposits.
**Trusts, securities, and insurance products are not FDIC insured or insured by any Federal Government entity. Not bank guaranteed. Not a deposit. May lose value. Before investing, consider your investment objectives, risks, charges, and expenses. Contact a Professional in the Trust and Investment Division for the appropriate prospectus or relevant information. Read it carefully. Nondeposit investment products are not insured by the FDIC. Nondeposit investment products are not obligations of, or guaranteed by, the financial institution. Nondeposit investments will subject the purchaser to investment risk, including possible loss of the principal amount invested. Ancillary services are subject to additional terms and conditions, credit approval as applicable, and fees, including internet provider and data charges as necessary.
