other material
confidence high
sentiment positive
materiality 0.35
Orange County Bancorp announces 2-for-1 stock split; shares to double to ~11.4M
Orange County Bancorp, Inc. /DE/
- Record holders as of Jan 9, 2025 get one additional share after Jan 10 close; split-adjusted trading starts Jan 13.
- Outstanding shares increase from ~5.7M to ~11.4M; par value reduced from $0.50 to $0.25 per share.
- CEO Michael Gilfeather says split will make stock ownership more accessible and promote new investor interest.