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Globe and Mail
10 hours ago
- Business
- Globe and Mail
Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common Stock
MIDDLETOWN, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the 'Company' - Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the 'Bank') and Hudson Valley Investment Advisors, Inc. ('HVIA'), today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 258,064 shares of common stock at the public offering price of $23.25 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting other expenses payable by the Company, are approximately $5.7 million. Piper Sandler & Co. and Stephens Inc. served as joint book-running managers. The offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-280793), including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at Additionally, copies may be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@ or Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Orange County Bancorp, Inc. Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012. Forward-Looking Statements The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words 'anticipates,' 'projects,' 'intends,' 'estimates,' 'expects,' 'believes,' 'plans,' 'may,' 'will,' 'should,' 'could,' and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Finextra
27-05-2025
- Business
- Finextra
Orange enters exclusive discussions with Crédit Coopératif for sale of fintech business Anytime
As part of its 2030 strategic plan "100% committed", Crédit Coopératif is continuing its development strategy by engaging in exclusive discussions with Orange Bank, a wholly owned subsidiary of the Orange Group, to acquire "Anytime", a fintech specializing in supporting associations. 0 "To achieve its growth ambitions by 2030, Crédit Coopératif aims to strengthen its digital offering, particularly for its small and medium-sized association clients. Anytime offers simple and innovative services that perfectly meet the new needs of this clientele," explains Pascal Pouyet, CEO of Crédit Coopératif Group. "We are pleased to have initiated these discussions with Crédit Coopératif, a cooperative bank that has a catalogue of offers that are fully complementary with that of Anytime. After a development period supported by Orange Bank, this opportunity allows Anytime to continue its evolution, especially in the Social and Solidarity Economy markets," said Frédéric Niel, CEO of Orange Bank. An acquisition supporting Crédit Coopératif's 2025-2030 "100% committed" plan With the acquisition of Anytime, Crédit Coopératif aims to: Strengthen its presence in its traditional association market Build up its distribution model with a 100% digital offering tailored to the needs of small associations Achieve a market share of over 6% among newly created association by 2030 Enhance its dedicated services for large SSE organizations with an advanced expense management and card fleet tool Crédit Coopératif, the historic bank for actors in the social and solidarity economy (SSE) market With a strong representation of associations and non-profit organizations in its portfolio, Crédit Coopératif is the reference bank for actors from the solidarity economy. It offers a comprehensive range of services to meet the needs of this clientele through a hybrid distribution model: A network of 68 business centers and multi-market agencies (retail clients, businesses, associations) located in major urban areas A remote banking service in France for individual clients and small associations An impact investment bank to support the structuring projects of large SSE organizations Anytime, a fintech specializing in the association segment Founded in 2014 and a subsidiary of Orange Bank since 2020, Anytime is a digital platform for account management and payment services aimed at professionals and associations. Over the past two years, it has specialized further and offers an innovative, tailored solution for associations and non-profit organizations, including advanced expense management tools. Social process The employee representative bodies within the Orange Group and those of Crédit Coopératif are being consulted on this project with a view to potentially completing the operation by the end of 2025.
Yahoo
23-05-2025
- Business
- Yahoo
Orange: Crédit Coopératif has signed a memorandum of understanding with Orange regarding a possible acquisition of the fintech Anytime
Press releaseParis, 23 May 2025 Crédit Coopératif has signed a memorandum of understanding with Orange regarding a possible acquisition of the fintech Anytime As part of its 2030 strategic plan "100% committed", Crédit Coopératif is continuing its development strategy by engaging in exclusive discussions with Orange Bank, a wholly owned subsidiary of the Orange Group, to acquire "Anytime", a fintech specializing in supporting associations. "To achieve its growth ambitions by 2030, Crédit Coopératif aims to strengthen its digital offering, particularly for its small and medium-sized association clients. Anytime offers simple and innovative services that perfectly meet the new needs of this clientele," explains Pascal Pouyet, CEO of Crédit Coopératif Group. "We are pleased to have initiated these discussions with Crédit Coopératif, a cooperative bank that has a catalogue of offers that are fully complementary with that of Anytime. After a development period supported by Orange Bank, this opportunity allows Anytime to continue its evolution, especially in the Social and Solidarity Economy markets," said Frédéric Niel, CEO of Orange Bank. An acquisition supporting Crédit Coopératif's 2025-2030 "100% committed" plan With the acquisition of Anytime, Crédit Coopératif aims to: Strengthen its presence in its traditional association market Build up its distribution model with a 100% digital offering tailored to the needs of small associations Achieve a market share of over 6% among newly created association by 2030 Enhance its dedicated services for large SSE organizations with an advanced expense management and card fleet tool Crédit Coopératif, the historic bank for actors in the social and solidarity economy (SSE) marketWith a strong representation of associations and non-profit organizations in its portfolio, Crédit Coopératif is the reference bank for actors from the solidarity economy. It offers a comprehensive range of services to meet the needs of this clientele through a hybrid distribution model: A network of 68 business centers and multi-market agencies (retail clients, businesses, associations) located in major urban areas A remote banking service in France for individual clients and small associations An impact investment bank to support the structuring projects of large SSE organizations Anytime, a fintech specializing in the association segment Founded in 2014 and a subsidiary of Orange Bank since 2020, Anytime is a digital platform for account management and payment services aimed at professionals and associations. Over the past two years, it has specialized further and offers an innovative, tailored solution for associations and non-profit organizations, including advanced expense management tools. Social processThe employee representative bodies within the Orange Group and those of Crédit Coopératif are being consulted on this project with a view to potentially completing the operation by the end of 2025. About Crédit CoopératifCrédit Coopératif is a bank committed to environmental and social transitions. While it operates across all banking sectors and expertise, its mission is to leverage its skills in service of actors in the real economy. Historically a cooperative bank for legal entities, 100% of its capital is contributed by its clients: cooperatives, SMEs, mutual societies, associations, public interest organizations, and the movements that represent them. These clients hold the dual status of customer and member. Thanks to its everyday banking products—solidarity-based and traceable—individuals are increasingly choosing Crédit Coopératif. Press contacts Crédit Coopératif:Tiara de Cerval; +33 6 99 95 82 84; presse@ Fabienne Salagnac; +33 6 82 39 43 77; About OrangeOrange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 125,800 employees worldwide at 31 March 2025, including 69,700 employees in France. The Group has a total customer base of 294 million customers worldwide at 31 March 2025, including 256 million mobile customers and 22 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries). Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan "Lead the Future", built on a new business model and guided by responsibility and efficiency. "Lead the Future" capitalizes on network excellence to reinforce Orange's leadership in service is listed on Euronext Paris (symbol ORA).For more information on the internet and on your mobile: and the Orange News app or to follow us on X: @ and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited. Press contacts Orange:Emmanuel Gauthier; +33 6 76 74 14 54 Tom Wright; +33 6 78 91 35 11 Attachment 250523_PR_Commun_CCOOP_Orange_ENSign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
Orange: Crédit Coopératif has signed a memorandum of understanding with Orange regarding a possible acquisition of the fintech Anytime
Press releaseParis, 23 May 2025 Crédit Coopératif has signed a memorandum of understanding with Orange regarding a possible acquisition of the fintech Anytime As part of its 2030 strategic plan "100% committed", Crédit Coopératif is continuing its development strategy by engaging in exclusive discussions with Orange Bank, a wholly owned subsidiary of the Orange Group, to acquire "Anytime", a fintech specializing in supporting associations. "To achieve its growth ambitions by 2030, Crédit Coopératif aims to strengthen its digital offering, particularly for its small and medium-sized association clients. Anytime offers simple and innovative services that perfectly meet the new needs of this clientele," explains Pascal Pouyet, CEO of Crédit Coopératif Group. "We are pleased to have initiated these discussions with Crédit Coopératif, a cooperative bank that has a catalogue of offers that are fully complementary with that of Anytime. After a development period supported by Orange Bank, this opportunity allows Anytime to continue its evolution, especially in the Social and Solidarity Economy markets," said Frédéric Niel, CEO of Orange Bank. An acquisition supporting Crédit Coopératif's 2025-2030 "100% committed" plan With the acquisition of Anytime, Crédit Coopératif aims to: Strengthen its presence in its traditional association market Build up its distribution model with a 100% digital offering tailored to the needs of small associations Achieve a market share of over 6% among newly created association by 2030 Enhance its dedicated services for large SSE organizations with an advanced expense management and card fleet tool Crédit Coopératif, the historic bank for actors in the social and solidarity economy (SSE) marketWith a strong representation of associations and non-profit organizations in its portfolio, Crédit Coopératif is the reference bank for actors from the solidarity economy. It offers a comprehensive range of services to meet the needs of this clientele through a hybrid distribution model: A network of 68 business centers and multi-market agencies (retail clients, businesses, associations) located in major urban areas A remote banking service in France for individual clients and small associations An impact investment bank to support the structuring projects of large SSE organizations Anytime, a fintech specializing in the association segment Founded in 2014 and a subsidiary of Orange Bank since 2020, Anytime is a digital platform for account management and payment services aimed at professionals and associations. Over the past two years, it has specialized further and offers an innovative, tailored solution for associations and non-profit organizations, including advanced expense management tools. Social processThe employee representative bodies within the Orange Group and those of Crédit Coopératif are being consulted on this project with a view to potentially completing the operation by the end of 2025. About Crédit CoopératifCrédit Coopératif is a bank committed to environmental and social transitions. While it operates across all banking sectors and expertise, its mission is to leverage its skills in service of actors in the real economy. Historically a cooperative bank for legal entities, 100% of its capital is contributed by its clients: cooperatives, SMEs, mutual societies, associations, public interest organizations, and the movements that represent them. These clients hold the dual status of customer and member. Thanks to its everyday banking products—solidarity-based and traceable—individuals are increasingly choosing Crédit Coopératif. Press contacts Crédit Coopératif:Tiara de Cerval; +33 6 99 95 82 84; presse@ Fabienne Salagnac; +33 6 82 39 43 77; About OrangeOrange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 125,800 employees worldwide at 31 March 2025, including 69,700 employees in France. The Group has a total customer base of 294 million customers worldwide at 31 March 2025, including 256 million mobile customers and 22 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries). Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan "Lead the Future", built on a new business model and guided by responsibility and efficiency. "Lead the Future" capitalizes on network excellence to reinforce Orange's leadership in service is listed on Euronext Paris (symbol ORA).For more information on the internet and on your mobile: and the Orange News app or to follow us on X: @ and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited. Press contacts Orange:Emmanuel Gauthier; +33 6 76 74 14 54 Tom Wright; +33 6 78 91 35 11 Attachment 250523_PR_Commun_CCOOP_Orange_ENError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
