secwatch.observer — SEC 8-K summary
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Issuer:     Orange County Bancorp, Inc. /DE/ (OBT)
CIK:        0001754226
Form:       8-K
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0001104659-25-093383
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orange County Bancorp issues $25M 6.50% subordinated notes due 2035
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- Issued $25M aggregate principal of 6.50% Fixed-to-Floating Rate Subordinated Notes due 2035.
- Fixed rate 6.50% for first 5 years, then floats at 3-month SOFR + 320.5 bps.
- Net proceeds for general corporate purposes; may refinance existing 4.25% notes due 2030.
- Notes qualify as Tier 2 capital at holding company level; unsecured and subordinated.
- Interest paid semi-annually during fixed period, quarterly during floating period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754226/000110465925093383/0001104659-25-093383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754226/000110465925093383/tm2526902d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-093383

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