September 28, 2020

On September 24, 2020, Orange County Bancorp, Inc., Middletown, New York, the holding company for Orange Bank & Trust Company, successfully completed a private placement of $20.0 million of its 4.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The Notes are intended to qualify as Tier 2 capital for regulatory purposes.

Luse Gorman served as legal counsel to Orange County Bancorp, Inc. in the offering. The Luse Gorman team consisted of Benjamin Azoff, Jeffrey Cardone and Ellie Cook.

Luse Gorman has extensive experience representing issuers in public offerings and private placements of capital stock, debt, and other securities. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.