other material
confidence high
sentiment neutral
materiality 0.30
Orange County Bancorp sells branch property for $2.535M; leases back through 2026
Orange County Bancorp, Inc. /DE/
- Sale price $2,535,000; closing set for April 23, 2025.
- Bank will lease back the branch month-to-month through Dec 31, 2026 at $10,000/month.
- Premises include branch building and adjacent lot; bank retains a separate lot.
- Deed includes 10-year restriction against using property as a financial institution.