Orange County Bancorp Confirms Emerging Growth Company Status
Ticker: OBT · Form: 8-K · Filed: Feb 1, 2024 · CIK: 1754226
| Field | Detail |
|---|---|
| Company | Orange County Bancorp, Inc. /De/ (OBT) |
| Form Type | 8-K |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, emerging-growth-company
TL;DR
**Orange County Bancorp is an emerging growth company, meaning less red tape for them.**
AI Summary
Orange County Bancorp, Inc. filed an 8-K on February 1, 2024, to report an event that occurred on January 31, 2024. This filing indicates that the company is an emerging growth company, as defined by the SEC. For investors, this matters because emerging growth companies often have fewer reporting requirements, which can impact transparency and the level of detail available for analysis.
Why It Matters
This filing confirms Orange County Bancorp's status as an emerging growth company, which means it benefits from reduced regulatory burdens, potentially impacting its operational costs and investor reporting.
Risk Assessment
Risk Level: low — This filing is purely informational, confirming a status that likely has been known, and does not introduce new financial risks.
Analyst Insight
A smart investor would note Orange County Bancorp's emerging growth company status, understanding it implies reduced regulatory disclosures, and factor this into their due diligence process, potentially seeking additional information from other sources if available.
Key Numbers
- $0.50 — par value per share of Common Stock (This is the stated par value for Orange County Bancorp's common stock.)
Key Players & Entities
- Orange County Bancorp, Inc. (company) — the registrant filing the 8-K
- January 31, 2024 (date) — date of the earliest event reported
- February 1, 2024 (date) — date the 8-K was filed
- Delaware (company) — state of incorporation for Orange County Bancorp, Inc.
- 001-40711 (dollar_amount) — Commission File No.
- 26-1135778 (dollar_amount) — I.R.S. Employer Identification No.
- 212 Dolson Avenue, Middletown, New York 10940 (company) — address of principal executive offices
- (845) 341-5000 (dollar_amount) — registrant's telephone number
- Common Stock, par value $0.50 (company) — title of class of securities
- OBT (company) — trading symbol
FAQ
What is the purpose of this 8-K filing by Orange County Bancorp, Inc.?
This 8-K filing, dated February 1, 2024, reports an event that occurred on January 31, 2024, specifically confirming Orange County Bancorp, Inc.'s status as an 'emerging growth company' as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934.
What is Orange County Bancorp, Inc.'s trading symbol and on which exchange is its common stock registered?
Orange County Bancorp, Inc.'s trading symbol is OBT, and its Common Stock, with a par value of $0.50, is registered on The NASDAQ Stock Market LLC.
What is the significance of Orange County Bancorp, Inc. being an 'emerging growth company'?
Being an 'emerging growth company' means Orange County Bancorp, Inc. qualifies for certain scaled-back disclosure and regulatory requirements under the JOBS Act, which can reduce compliance costs but may also mean less detailed public information for investors compared to larger, more established companies.
What is the state of incorporation for Orange County Bancorp, Inc.?
Orange County Bancorp, Inc. is incorporated in Delaware, as stated in the filing under 'State or Other Jurisdiction of Incorporation'.
What is the business address and phone number of Orange County Bancorp, Inc. as listed in the filing?
The business address of Orange County Bancorp, Inc. is 212 Dolson Avenue, Middletown, New York 10940, and its telephone number is (845) 341-5000.
Filing Stats: 474 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-02-01 15:28:02
Key Financial Figures
- $0.50 — ich registered Common Stock, par value $0.50 OBT The NASDAQ Stock Market LLC I
Filing Documents
- form8k_013124.htm (8-K) — 28KB
- ex99-1_8k013124.htm (EX-99.1) — 504KB
- image0.jpg (GRAPHIC) — 18KB
- 0000943374-24-000038.txt ( ) — 730KB
- obt-20240131.xsd (EX-101.SCH) — 4KB
- obt-20240131_lab.xml (EX-101.LAB) — 23KB
- obt-20240131_pre.xml (EX-101.PRE) — 16KB
- form8k_013124_htm.xml (XML) — 4KB
0 2 Results of Operations and
Item 2. 0 2 Results of Operations and Financial Condition On January 31, 2024, Orange County Bancorp, Inc. (the "Company") issued a press release reporting its financial results at and for the twelve months ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this report and is being furnished to the Securities and Exchange Commission and shall not be deemed filed for any purpose.
01 Fi nancial Statements and Exhibits
Item 9.01 Fi nancial Statements and Exhibits (a)
Financial statements of businesses acquired. None
Financial statements of businesses acquired. None. (b) Pro forma financial information. None. (c) Shell company transactions: None. (d) Exhibits. 99.1 Press release dated January 31, 2024 104 Cover Page for this Current Report on Form 8-K, formatted in Inline XBRL
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. ORANGE COUNTY BANCORP, INC. DATE: February 1, 2024 By: /s/ Michael Lesler Michael Lesler Executive Vice President, Chief Financial Officer