Orange Bank & Trust moves operations to new full-service New City branch
MIDDLETOWN (June 7) — The Board of Directors and CEO Michael Gilfeather of Orange Bank & Trust Company announce the grand opening of its full-service New City branch at 254 South Main Street.
The branch reports to Rockland Regional President John Bartolotta, who leads a team of experienced, local business bankers focused on delivering a professional client experience. The New City team is comprised of veteran business banking professionals Gregory Sousa, First Vice President Senior Relationship Manager; Edward Horan, Vice President Commercial Lender; Jennifer Meyer, Assistant Vice President Branch Manager and Jeremiah Downey, Portfolio Manager.
"We are pleased to serve our Rockland County clients at this beautiful new office space," Bartolotta said. “It’s a state of the art facility at a very convenient and high profile location, reflecting Orange Bank & Trust’s commitment to this market. That commitment is further demonstrated by our signage across the top of the building. This marks our Rockland corporate office and we look forward to many years of service from this location.”
The Bank will unveil its new location with a ribbon cutting ceremony on Tuesday, June 27 at 5:30pm. Residents and businesses of New City and its surrounding communities are invited to attend the celebration.
The branch will be open, Monday-Friday, 9:00am-4:00pm and provide a complete range of financial services; with a particular focus on commercial lending, cash management, and trust and estate services. Please visit orangebanktrust.com
The Accelerator hosts inaugural Hudson Valley Leadership Conference
NEW WINDSOR (May 23) - More than 250 leaders of businesses and community organizations participated in The Accelerator’s inaugural Hudson Valley Leadership Conference: The Changing Face of Leadership.
Diverse panel covered many topics
Monday’s event explored what leadership looks like in today’s unique and diverse business climate; the obstacles that leaders face in business and how to overcome them; how to leverage individual strengths for overall business growth and development; and how to turn struggles into successes.
“One of the things we do at The Accelerator, besides providing equipment, direction and business services for new and existing manufacturers, is to bring people together in conferences like this to address not only regional needs, but also topics that impact today’s leaders on a larger scale,” said Laurie Villasuso, Chief Operating Officer and Executive Vice President, Orange County IDA and The Accelerator. “This event has been a resounding success, not only because so many people came but also because of the insight gleaned from our keynote speaker and astute panel of leadership guests.”
Antonetti: “The top 2 percent ...
spend 50 percent of their
“The speed for deliverables now is unimaginable and this is what’s really impacting leaders,” keynote speaker Amilya Antonetti said. “The top 2 percent of the world of leaders and wealth spend 50 percent of their time thinking. Most people in this room don’t spend five minutes thinking. You have a life full of a myriad of details and you have no time to think. If you can’t think you can’t succeed. The formula for success is 50 percent thinking, 25 percent planning and 25 percent in execution. Most us … get a great idea and start. You skipped the 75 (percent thinking and planning).”
Antonetti became a self-made millionaire at the age of 19 and is now a media personality and turnaround expert known as the “Conflict Resolutionist.” She shared her personal story about her 30 years as a successful business owner and crisis manager, and how she learned the keys to growth, communication and success to become the powerhouse entrepreneur that she is today.
Antonetti applies many skills she learned from parenting to the various businesses she helps grow.
“The way to master conflict is not for me to convince you I’m right,” she said. “What I need to do is step over to where you are, from where you are pulling from, to see your perspective. I already know where I am. Once I can see your perspective, I can lay the bread crumbs to walk you closer to where I want you to be. But, in coming to your perspective, I learn. The brilliance that happens in conflict is by being able to have the art of the conversation.”
The event also featured a panel of industry-leading experts – both males and females of various ages – who discussed existing and upcoming leadership challenges and offered advice for emerging leaders today.
The Accelerator, strategically located in New Windsor overlooking Stewart International Airport with proximity to major interstates, is a certified New York State incubator focused on bringing manufacturing back to the mid-Hudson Valley. Powered by the Orange County Industrial Development Agency, The Accelerator works to attract manufacturing-based businesses in the areas
Orange County Bancorp directors re-elected
MIDDLETOWN (May 23) - The shareholders of Orange County Bancorp, Inc. (the “Company”) held their annual meeting on May 16, 2017 in Middletown at the headquarters of the Company’s subsidiary bank, Orange Bank & Trust Company. Elected to serve three year terms were directors and fellow shareholders, Richard Rowley, Susan Metzger and Michael Gilfeather. “I enjoy working with all the directors and I know Richard, Susan and Michael will continue their good work on behalf of the company’s shareholders,” said Lou Heimbach, Chairman of the Board of Orange County Bancorp, Inc. The Company is also the parent of Hudson Valley Investment Advisors, Inc. (HVIA) in Goshen, New York.
President and CEO Michael Gilfeather addressed the shareholders and provided a review of 2016 results and highlights from the first quarter of 2017. “2016 was a highly productive year for the Bank. Our financial results reflect the return on recent investments in people, market expansion and product,” said Gilfeather. “The Bank turns 125 years old in 2017 and though we continue to adhere to traditional, conservative banking principles, we are forging ahead with significant investments that will position us as a leader in delivery of modern community banking products and services.”
HVIA also enjoyed continued momentum in 2016. Net Assets Under Management (AUM) increased to $706 million, and net income grew by 11.2% to $768 thousand. The firm expanded its offering in 2016 with a new mutual fund and added technology upgrades in trading, research and operations to position the business for future growth.
In 2016 the Company had earnings of $3,637,000 and for the first quarter of 2017, the Company earned $907,000, a 38% increase over the same period in 2016. The Company has over 330 shareholders and other directors include, Terry Saturno, Paul McDermott, William Morrison, Virginia Rizzo, David DeWilde as well as Mr. Heimbach.
Decker presents certificate to Devlin
Port Jervis business of the month
PORT JERVIS (May 22) – The Port Jervis Mayor’s Office announced that our Business of the Month for May 2017 is Bistro Thyme located at 79 Pike St. in Port Jervis, N.Y. which is owned and operated by Caitlin Devlin.
This is a delightful Café with good coffee and a great menu for breakfast and lunch. She is open for “ German Dinner Night” on Fridays. Hours for: Monday, Tuesday, Wednesday, Thursday and Saturday 9:00 am – 2:30 pm. Friday “German Dinner Night” 9:00 am – 7:00 pm.
Regional Economic Development and Government
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