M&A - Orange County Bancorp, Inc. /DE/

Form Type: 8-K

Filing Date: 2025-04-23

Corporate Action: Acquisition

Type: New

Accession Number: 000094337425000167

Filing Summary: On April 17, 2025, Orange Bank & Trust Company, a wholly owned subsidiary of Orange County Bancorp, Inc., entered into a Sale and Purchase Agreement with JRTN Properties LLC. The agreement involves the sale of the bank's branch building and part of the surrounding land located at 33 Trust Way, Middletown, New York, for a purchase price of $2,535,000. The sale is expected to close on or about April 23, 2025. Post-sale, the bank will lease the branch office on a month-to-month basis until December 31, 2026. The Agreement contains standard representations and warranties exchanged between the Bank and the Buyer. The terms of the Agreement are detailed in Exhibit 10.1 of the filing.