OBT prices 1.72M share offering at $23.25, expects ~$37.5M net proceeds

Orange County Bancorp, Inc. /DE/

Priced 1,720,430 shares of common stock at $23.25 per share for gross proceeds of ~$40.0M.
Underwriters have a 30-day option to purchase up to an additional 258,064 shares.
Estimated net proceeds of ~$37.5M after discounts and expenses; use includes bank growth and potential acquisitions.
Offering expected to close June 5, 2025; Piper Sandler and Stephens are joint book-runners.
Stock trades on Nasdaq under ticker OBT.

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