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Simon Harris says sorry to Cork carer for ‘not giving her the time she deserved’MIDDLETOWN, N.Y., Dec. 26, 2024 (GLOBE NEWSWIRE) -- Orange County Bancorp, Inc. (the "Company” - Nasdaq: OBT), parent company of Orange Bank & Trust Co. and Hudson Valley Investment Advisors, Inc., today announced that its Board of Directors declared a two-for-one forward stock split (the "Stock Split”) of the Company's common stock. Each record holder of common stock on Thursday, January 9, 2025 will receive one additional share of common stock after the market close on Friday, January 10, 2025. Trading is expected to commence on a split-adjusted basis at market open on Monday, January 13, 2025. The Stock Split will be effectuated by the filing of an amendment to the Company's Certificate of Incorporation and will result in a proportionate increase in the number of shares of authorized common stock. The Company anticipates that the outstanding shares of common stock after the Stock Split will increase from approximately 5.7 million shares to 11.4 million shares. The par value per share of the Company's common stock will be reduced from $0.50 par value to $0.25 par value. Michael Gilfeather, President and CEO, noted, "We are pleased to announce that the Board of Directors has determined that this Stock Split in in the best interest of our shareholders, as we anticipate the reduced trading price per share and the additional amount of shares outstanding will make stock ownership more available and promote new investor interest. Our strategy remains focused on the consistency of our performance and a commitment to enhancing shareholder value.” 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 $2.5 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 Certain statements contained herein are "forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may,” "will,” "believe,” "expect,” "estimate,” "anticipate,” "continue,” or similar terms or variations on those terms, or the negative of those terms. Forward looking statements are subject to numerous risks and uncertainties, including, but not limited to, 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, 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 wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. 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. For further information: Michael Lesler EVP & Chief Financial Officer [email protected] Phone: (845) 341-5111
BOSTON — Before the start of the 2024-25 season, Boston Bruins CEO Charlie Jacobs was looking forward to seeing the roster president Cam Neely and general manager Don Sweeney had built. “There’s a lot of excitement around this team,” Jacobs said on Sept. 30. “I’ve thought personally and I’ll share this openly — I feel Don and Cam have done an excellent job this offseason in acquiring some great talent, some very exciting players.” Advertisement Twenty-five games later, the Bruins are 11-11-3 and fourth in the Atlantic Division. They have fired coach Jim Montgomery. Elias Lindholm and Nikita Zadorov , their primary offseason signings, are improving but have yet to reach their thresholds. They are coming off a 2-1 loss to the Pittsburgh Penguins , whose minus-32 goal differential is the worst in the league. “We’re a .500 club right now,” Jacobs said on Saturday ahead of the Bruins’ centennial game on Sunday against the Montreal Canadiens . “I think we’ve yet to play our best game.” The Bruins are 3-2-0 under interim coach Joe Sacco. Jeremy Swayman , who missed all of training camp before signing an eight-year, $66 million contract, has a .943 save percentage in his three starts following Montgomery’s dismissal. Swayman has an .892 save percentage over 17 appearances. Meanwhile, David Pastrnak is stuck in a seven-game goal-scoring drought for the second time this season. The Bruins have scored on 12 percent of their power plays, second-lowest in the league. “Being a captain and a player of this historic team means embracing what it means to wear the spoked B,” Brad Marchand said during a Saturday speech unveiling the franchise’s centennial bear statue next to TD Garden. “It means playing with that same spirit every night. Showing up in the toughest moments and leading by example, especially when times are tough.” “Tomorrow, it will officially be a year,” Jacobs said of the organization’s centennial celebration. “It’s going to be something. I sure hope we can put our best foot forward tomorrow afternoon when we play the Habs. Let’s get another ‘W’ in the books. We need it.” Required reading (Photo: Jessica Rinaldi / The Boston Globe via Getty Images)
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'Every Attack Makes Us Stronger, Every Obstacle A Stepping Stone’: Gautam Adani Responds To US Charges
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