On June 5, 2025, Orange County Bancorp, Inc. closed the underwritten public offering of 1,720,430 shares of common stock at an offering price of $23.25 per share. Additionally, on June 9, 2025, the underwriters completed the sale of the overallotment option of 258,064 additional shares of common stock at the offering price of $23.25 per share. In aggregate, the gross proceeds of the offering were $46.0 million.

Orange County Bancorp, Inc. is the holding company for Orange Bank & Trust Company, which operates 16 full-service branches in New York.

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

Luse Gorman was the No. 1 legal advisor in the nation for 2024 and 2023, based on number of transactions, for equity offerings by financial institutions, as reported by S&P Global Market Intelligence. To learn more about our Capital Markets and Corporate Finance practice, please visit our website.