On March 19, 2026, Orange County Bancorp, Inc. and its wholly owned subsidiary, Orange Bank & Trust Company, executed an amendment to the employment agreement of Michael J. Gilfeather, the President and Chief Executive Officer. This amendment extends the term of the Gilfeather Agreement through March 31, 2029, ensuring continuity in leadership for the company. The amendment does not modify any other provisions of the agreement, which is significant as it reflects the board's confidence in Gilfeather's leadership during a critical period for the bank. Additionally, the Board of Directors of the Bank adopted an amendment to the Participation Agreement under the Performance-Based Supplemental Executive Retirement Plan for Mr. Gilfeather, which includes a discretionary employer contribution of $125,000 for the 2028 Plan Year, set to cliff vest on March 30, 2029. This move is expected to enhance retention and align the interests of the executive with those of the shareholders, as it ties compensation to the long-term performance of the bank. The decision to extend Gilfeather's contract and the additional retirement plan contribution are seen as positive steps towards maintaining stability and strategic direction within the organization. Investors may view this as a sign of confidence in the bank's future performance, potentially leading to a slight positive effect on the stock price.

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