Orange County Bancorp, Inc. /DE/ (NASDAQ: OBT)

Orange County Bancorp, Inc., or OBT, is a bank holding company incorporated in Delaware and headquartered in Middletown, New York. Through its subsidiaries, Orange Bank & Trust Company and Hudson Valley Investment Advisors, the company offers a variety of financial products and services to a diverse clientele in the Lower Hudson Valley region, the New York metropolitan area, and nearby markets in Connecticut and New Jersey.

The company's main business activities include commercial and consumer banking, trust and wealth management services, and investment advisory services. OBT generates revenue through a diverse range of products and services, such as deposit accounts, loans, and investment products. Its primary products are commercial and industrial loans, commercial real estate loans, residential real estate loans, and consumer loans. The company's customer base includes small businesses, middle-market enterprises, local municipal governments, and individuals.

OBT focuses on community-oriented banking and personalized service, setting it apart from larger banks in the competitive market. Its key competitors are other community banks and regional banks in the Lower Hudson Valley region. The company has a strong presence in Orange, Westchester, Rockland, and Bronx counties in New York.

The strategic plan of OBT is to build the premier business bank in the Lower Hudson Valley region, primarily through organic growth of its client base. The company aims to leverage its relationships and service capabilities to drive organic growth, continue to grow its core deposit franchise, build fee-based businesses, capitalize on market disruption, engage in opportunistic M&A, and expand its lending activities.

In terms of its business segments, OBT's Business Banking is dedicated to serving small to medium-sized businesses, professionals, entrepreneurs, and corporate executives by providing a full suite of financial products. The company's Private Banking initiative, launched in August 2017, integrates and leverages all four of the company's core businesses – deposits, loans, asset management, and trust and estate services – to provide dedicated, personalized attention to clients with larger, more complex banking needs.

OBT's Trust & Wealth Management services are offered through the trust department of Orange Bank & Trust Company and its wholly-owned subsidiary, Hudson Valley Investment Advisors, Inc. These services include traditional trust and administration services, with a niche focus on Special Needs Trust and Guardianship services, as well as asset management, financial planning, and wealth management services.

OBT's Lending Activities are primarily focused on commercial real estate loans, commercial and industrial loans, commercial real estate construction loans, and residential real estate loans. The company evaluates various factors when originating loans, such as the financial condition of the borrower, the debt service capabilities and global cash flows of the borrower and other guarantors, and the value of the collateral.