Orange County Bancorp, Inc. Announces Record First Quarter 2021 Results
ACCESSWIRE
04 May 2021, 06:05 GMT+10
MIDDLETOWN, NY / ACCESSWIRE / May 3, 2021 / Orange County Bancorp, Inc. (the Company - OTCQX: OCBI), parent of Orange Bank & Trust Co. (the Bank ) and Hudson Valley Investment Advisors, Inc. (HVIA), today announced net income of $5.03 million, or $1.12 per share, for the three months ended March 31, 2021. This compares with net income of $2.48 million, or $0.55 per share, for the three months ended March 31, 2020. I am extremely proud of the results our team produced this quarter, said Orange County Bancorp President & CEO, Michael Gilfeather. They reflect the earnings power of our focused and deliberate strategy to grow the Bank and make it a more accessible and important partner for our clients in Orange, Rockland and Westchester Counties. The momentum we were building in 2020, despite the considerable challenges presented by COVID, carried into the first quarter o
Orange County Bancorp, Inc Announces Record First Quarter 2021 Results
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Orange County Bancorp, Inc Announces Record First Quarter 2021 Results
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Orange County Bancorp, Inc Announces Record First Quarter 2021 Results
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MIDDLETOWN, NY / ACCESSWIRE / April 1, 2021 / The Board of Directors and Michael Gilfeather, President and CEO of Orange Bank & Trust Company, have appointed Frank Skuthan as Senior Vice President and Director of Trust Services.
In this role, Mr. Skuthan is responsible for the management and strategic expansion of the Bank s Trust Division which has offices in Chester and Mt. Vernon, NY. He will also play an integral role in the execution of the Company s Orange Wealth Management strategy. We are very pleased to have Frank take this senior level position , said Michael Gilfeather. He is a strategic leader with a broad range of business management experience, many of those years in the fiduciary services industry. Earlier in his career, Frank was a Department Head and managed a staff of 15 professionals who marketed, managed and administered $2.6 billion of personal trust and institutional retirement accounts at National Westminster Bank USA. He was also the executive in char