From Nasdaq.: 2025-06-03 21:53:00

Orange County Bancorp Inc. and Hudson Valley Investment Advisors, Inc. have priced an underwritten public offering of 1.72 million shares of common stock at $23.25 per share. The offering is expected to raise approximately $40.0 million before discounts and expenses. With the underwriters’ option to purchase additional shares, total proceeds could reach $46.0 million. The funds will be used for general corporate purposes, including investment in the bank, regulatory capital, liquidity, and potential acquisitions. The offering is set to close on June 5, 2025, pending customary closing conditions.



Read more at Nasdaq.: Orange County Bancorp Prices Underwritten Public Offering Of 1.72 Mln Shares At $23.25/shr