Orange County Bancorp Stock Slips Near $34 as Dividend Deadline Puts This Small Bank Back in Focus
Orange County Bancorp shares fell 0.4% to $34.11 in light trading Friday, underperforming regional bank peers. Investors weighed a recent shareholder vote and an upcoming June 4 dividend record date. First-quarter net income rose 29.6% to $11.3 million, but non-performing loans climbed to $26.1 million, mainly in commercial real estate. Assets under management dropped to $1.6 billion.