Business
Orange Bank & Trust Hires Stephen Rooney as SVP, Co-Chief Credit Officer
MIDDLETOWN, NY / ACCESSWIRE / August 10, 2022 / Orange County Bancorp, Inc. (the "Company" - Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the
About this update from Orange County Bancorp, Inc.
[{"type":"text","content":"MIDDLETOWN, NY / ACCESSWIRE / August 10, 2022 / Orange County Bancorp, Inc. (the \"Company\" - Nasdaq:OBT), parent company of Orange Bank & Trust Co. (the \"Bank\") is pleased to announce that Stephen Rooney has joined the Bank as Senior Vice President and Co-Chief Credit Officer.\"Strong and sustained growth in our loan portfolio, particularly through our lower Hudson Valley and Bronx markets, has confirmed the need for additional senior credit personnel to support our lending group,\" said Michael Gilfeather, Company President and CEO. \"Stephen's extensive background and experience in credit analysis will help the Bank execute its strategy of working with regional businesses to accommodate their credit needs. We are delighted to have him onboard.\"In his new role, Rooney will be responsible for supporting all lending south of Orange County, as well as oversight and management of credit-related issues impacting the Bank's loan portfolio. He will also assist staff and management with the evaluation of new and existing opportunities and ensure all loans are in compliance with the Bank's credit policy, culture and growth strategy.Prior to joining Orange Bank & Trust, Rooney was SVP, Chief Credit Officer for Unity Bank in Clinton, NJ for the past eight years. Rooney also held senior management positions with several financial service companies including Director of Structured Finance at Standard & Poor's. Steve received his undergraduate degree in Business Administration from Providence College and his graduate degree from New York University - Stern School of Business.About Orange County Bancorp, Inc. and Orange Bank and Trust CompanyOrange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 130 years ago. It has grown through conservative banking practices, ongoing innovation and an unwavering commitment to its community and business clientele to more than $2 billion in total assets. In recent years, Orange Bank & Trust has added branches in Rockland, Westchester and the Bronx.Forward Looking StatementsCertain 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...