On December 13, 2017, Orange Bank & Trust Company (“Orange Bank & Trust”), Middletown, New York, the wholly-owned subsidiary of Orange County Bancorp, Inc. (“Orange County Bancorp”), entered into an agreement pursuant to which Orange Bank & Trust will sell its Fishkill, New York branch to Salisbury Bank and Trust Company, Lakeville, Connecticut, the wholly-owned subsidiary of Salisbury Bancorp, Inc.
Luse Gorman served as legal counsel to Orange Bank & Trust in the transaction. The Luse Gorman team included Benjamin Azoff (Corporate/M&A) and Jeffrey Cardone (Corporate/M&A and Executive Compensation).
Orange County Bancorp has approximately $1.0 billion in total assets. Orange Bank & Trust currently operates 13 branch offices in New York.