Orange County Bancorp, Inc. Announces Resignation of Terry Saturno as Director, Effective from May 16, 2024
December 29, 2023 at 02:35 am IST
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On December 21, 2023, Director Terry Saturno advised the Boards of Directors of Orange County Bancorp, Inc. and its wholly-owned subsidiary, Orange Bank & Trust Company that she would not stand for re-election at the Company's next annual meeting and she will be resigning from the Company and the Bank Boards effective May 16, 2024. Ms. Saturno did not cite any disagreement with the Company or the Bank in connection with her resignation.
Orange County Bancorp, Inc. is a bank holding company. Through its subsidiaries, Orange Bank & Trust Company, a New York state-chartered trust company (the Bank) and Hudson Valley Investment Advisors, Inc., an investment advisor (HVIA), the Company offers full- service commercial and consumer banking products and services and trust and wealth management services to small businesses, middle-market enterprises, local municipal governments and individuals in the Lower Hudson Valley region, the New York metropolitan area and nearby markets in Connecticut and New Jersey. Its segments include Banking Business and Wealth Management. The Banking Business segment involves the delivery of loan and deposit products to its customers through the Bank. The Wealth Management segment, which includes asset management and trust services to individuals and institutions through HVIA and the Bank, which provides trust and investment management fee income in its wealth management business segment.