Orange County Bancorp cuts director stock ownership requirement from $125K to $1K

Orange County Bancorp, Inc. /DE/

Board amended Bylaws on June 20, 2024, reducing mandatory director stock ownership to $1,000 (fair market value).
Previous amendments required $125,000 (2022) or compliance with Stock Ownership Guidelines (2023).
New requirement mirrors National Bank Act; standalone Stock Ownership Guidelines remain in effect.
Change effective immediately; applies to all directors.

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