IPO - Orange County Bancorp, Inc. /DE/

Form Type: 8-K

Filing Date: 2025-06-09

Corporate Action: Ipo

Type: New

Accession Number: 000094337425000275

Filing Summary: On June 9, 2025, Orange County Bancorp, Inc. announced that the underwriters for its recent public offering have exercised their overallotment option, resulting in the sale of an additional 258,064 shares of common stock at a public offering price of $23.25 per share. The total net proceeds from this sale, after accounting for underwriting discounts and commissions, are expected to be approximately $5.7 million. This increase in share issuance indicates a successful response from the market following the company's initial public offering, reflecting investor confidence.

Form Type: 424B5

Filing Date: 2025-06-04

Corporate Action: Ipo

Type: New

Accession Number: 000110465925056253

Filing Summary: Orange County Bancorp, Inc. is offering 1,720,430 shares of common stock at a public offering price of $23.25 per share, aiming to raise approximately $40 million. As of June 2, 2025, the last reported sale price of the common stock was $24.90. The offering is part of the registration statement no. 333-280793 and provides information about the company’s financial position, risks, and investment strategy. The document details the underwriting discounts and commissions, highlighting that if the underwriters fully exercise their option, total proceeds could rise to $43.585 million. The prospectus includes risk factors related to investment, company growth, industry competition, and economic conditions. The shares will be delivered in book-entry form through The Depository Trust Company around June 5, 2025. The company emphasizes its emergence as a growth-oriented bank in New York, with a focus on community banking and personal service, alongside its wealth management services through its subsidiary HVIA. The date is established as June 3, 2025, for this prospectus supplement, indicating proactive measures towards capitalizing on growth opportunities in the Lower Hudson Valley region.

Form Type: 8-K

Filing Date: 2025-06-04

Corporate Action: Ipo

Type: New

Accession Number: 000110465925056255

Filing Summary: On June 3, 2025, Orange County Bancorp, Inc. entered into an underwriting agreement with Piper Sandler & Co. for a registered public offering. The company agreed to issue and sell 1,720,430 shares of common stock at a par value of $0.25. The offering is expected to close on June 5, 2025, with estimated net proceeds of approximately $37.5 million after expenses. The underwriting agreement includes a 30-day option for underwriters to purchase an additional 258,064 shares. The offering details and legal opinions are included as exhibits in the filing. A press release announcing the launch and pricing of the offering was also issued by the company on the same day as the agreement.

Form Type: 424B5

Filing Date: 2025-06-03

Corporate Action: Ipo

Type: New

Accession Number: 000110465925055949

Filing Summary: Orange County Bancorp, Inc. is offering shares of its common stock, with a par value of $0.25 per share, under registration statement No. 333-280793. The offering is designed to raise capital, with the last reported sale price of the common stock being $24.90 per share on June 2, 2025. The Company describes itself as an 'emerging growth company' and outlines the risk factors associated with the investment. The offering includes an underwriters' option for additional share purchase and mentions detailed underwriting discounts and anticipated proceeds. The document emphasizes the Company’s focus on personalized banking services for small to medium-sized businesses, its growth strategy in the Lower Hudson Valley, the reliability of its community-oriented approach, and the importance of relationships with local businesses for sustained success. The Company, through its subsidiaries, offers a variety of services, including commercial and consumer banking, trust, and wealth management, and highlights its commitment to leveraging relationships to drive organic growth. The report indicates significant recent growth, with $2.6 billion in total assets and highlights the strong performance of trust and wealth management services, with assets under management also showing growth, totaling $1.7 billion.