Certain Stock Options of Orange County Bancorp, Inc. are subject to a Lock-Up Agreement Ending on 1-FEB-2022.
February 31, 2022
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Certain Stock Options of Orange County Bancorp, Inc. are subject to a Lock-Up Agreement Ending on 1-FEB-2022. These Stock Options will be under lockup for 181 days starting from 4-AUG-2021 to 1-FEB-2022.
Details:
The company's executive officers and directors, the selling stockholders and certain other persons participating in the directed share program, have agreed, subject to certain exceptions for a period of 180 days after the date of this prospectus, not to sell, offer, agree to sell, contract to sell, hypothecate, pledge, grant any option to sell, make any short sale, or otherwise dispose of or hedge, directly or indirectly, any shares of the companys common stock or securities convertible into, exchangeable or exercisable for any shares of the companys common stock or warrants or other rights to purchase shares of the companys common stock or other similar securities without, in each case, the prior written consent of Piper Sandler & Co., as representative of the underwriters.
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.