NEW YORK, Jan. 22, 2019 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Orange County Bancorp, Inc. (OTCQX: OCBI), a bank holding company, has qualified to trade on the OTCQX® Best Market. Orange County Bancorp upgraded to OTCQX from the Pink® market.
Orange County Bancorp, Inc. begins trading today on OTCQX under the symbol "OCBI." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Orange County Bancorp as the first community bank to join our OTCQX Best Market, in 2019," said Jason Paltrowitz, Director of OTC Markets Group International Ltd. and EVP of Corporate Services at OTC Markets Group. "Following successful completion of a $16-million equity private placement, Orange County Bancorp's upgrade to the OTCQX Best Market will provide new and existing shareholders a public market for more efficient trading and price transparency."
"Our move to the OTCQX exchange is a natural progression for us given the growth we have enjoyed over the past several years," said Michael Gilfeather, President and CEO at Orange County Bancorp, Inc. "The OTCQX positions us better relative to our peer group, provides the potential of greater liquidity for our shareholders, and offers additional opportunities to share the OCBI story and investment thesis. We look forward to a mutually beneficial association."
Orange County Bancorp was sponsored for OTCQX by Sandler O'Neill + Partners, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
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 community bank beginning with a dream of 14 founders over 125 years ago and through conservative banking practices, innovation and commitment to its community, now has assets of $1 billion. In recent years, Orange Bank & Trust Company has added branches in Rockland and Westchester Counties. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and was acquired by the Company in 2012. For more information, visit orangebanktrust.com or hviaonline.com.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
OTC Markets Group Inc., +1 (212) 896-4428, email@example.com
SOURCE OTC Markets Group Inc.