Philanthropist, SUNY Orange supporter Morrison, 81, dies
Friends and business associates Wednesday were mourning John H. Morrison III, longtime Orange County Trust chairman, scion of a prominent Middletown family, philanthropist, and tireless supporter of SUNY Orange.Morrison, who was 81, died Tuesday at his home in Warwick. He was Orange County Trust chairman from 1985-2012. The Morrison family is well-known, especially for its long association with SUNY Orange. For more information please visit: http://www.recordonline.com/article/20150930/NEWS/150939913
Orange County Trust Hosts Lunch & Learn
Orange County Trust Company hosted a special Business Banking Lunch
& Learn for Judelson, Giordano & Siegel, CPA, P.C. today to discuss the
mutual resources available at each firm and the ways in which the market is
changing for their customers and clients.
Orange County Trust and Local Businesses Salute Career and Technical Education Outstanding Students
On Tuesday, June 2, 2015 the education and business communities came together to celebrate thirty-two students who excelled in all aspects of their CTE education- theory, practical skills and work-based learning - at the OU BOCES Career and Technical Education Center. The first annual Outstanding Career and Technical Education Students' Recognition Dinner was held at the Villa Venezia in Goshen, where the students, their families, their CTE instructors, guidance counselors and administrators and home school administrators joined them to commend their hard work, dedication, skills and accomplishments. The dinner was the brainchild of Michael Gilfeather, President and Chief Executive Officer of the Orange County Trust Company who reached out to his business colleagues throughout Orange County to join him in supporting and celebrating the achievements of the Career and Technical Education students. He received an overwhelming response from the business community with thirty-six businesses and individuals contributing to the event. Not only were the students and their guests treated to a wonderful dinner, but Orange County Trust also gave each honoree a free checking account for two years, and seeded it with $50 that will hopefully grow as these talented young people progress into successful careers. For more information visit: http://ouboces.org/
Orange County Trust Company is the primary lender on $4 million solar farm
Copyright © 2015 Mid-Hudson News Network, a division of Statewide News Network, Inc.Corrugated box manufacturer installs $4 million solar farmTOWN OF WALLKILL – A company that manufactures corrugated shipping containers is installing a $4.2 million solar farm that will power 30 percent of its operations in the Town of Wallkill. The General Electric installation is partially funding through NYSERDA’s NY-SUN Incentive Program. Orange County Trust Company is the primary lender on the project.http://www.midhudsonnews.com/News/2015/May/30/PresCntr-30May15.html
Orange Bank and Trust Company was the Corporate Sponsor of the New York State Bar Association's May CLE Program in White Plains
White Plains, NY – Orange Bank and Trust Company, a
division of Orange County Trust Company was the corporate sponsor of the New
York State Bar Association’s (NYSBA) May CLE program titled, Utilizing Supplemental Needs Trusts,
which was held at the Elmwood Country Club on May 12.
The Bank was represented by SVP’s, Timothy McCausland and
Trust Services Director, Kate Maloney. The program addressed the
issues faced by attorneys practicing in the Supplemental Needs Trusts (SNTs)
area, including an overview of how SNTs can be used, practical tips on
effectively drafting SNTs, and an examination of the types of SNTs to use in
For information on NYSBA's upcoming events,
please visit: https://www.nysba.org/
Orange County Bar Association Honors Paul McDermott on 50 Years of Service
The Orange County Bar Association held a celebration at the Falkirk Country Club on May 6,2 015 to honor board member, Paul McDermott, on his 50 years of service as an attorney. Achieving EXCELLENCE in life is a habit built over time, with practice. It takes high standards. It takes teamwork. It takes a desire to be the best. Paul McDermott is an outstanding example of excellence. Congratulations from your friends at Orange County Trust. Where we live EXCELLENCE IN ORANGE everyday.
The Hudson Valley American Heart Association (AHA) announced that President and CEO, Michael J. Gilfeather will serve as volunteer chair of the TriCounty Heart Walk event
The Hudson Valley American Heart Association (AHA) has announced that Orange County Trust Company President and CEO, Michael J. Gilfeather will serve as volunteer chair of the TriCounty Heart Walk event, set for Sunday, May 3rd at Lake Welch Beach at Harriman State Park. The Heart Walk is the AHA’s biggest annual event, raising more than $340,000 for AHA programs and research at last year’s event. The American Heart Association awards worksites who support healthier behaviors at work through the Fit Friendly Worksite program. Heart disease is the No. 1 killer in the U.S., and physical inactivity doubles the risk. Applications are available online under workplace resources at www.startwalkingnow.org. Companies interested in supporting the Heart Walk with sponsorship or teams should call Michelle Conrad at 845-346-5276 or email email@example.com or register online at www.tricountyheartwalk.org.
Orange County Trust Hires Regional Presidents for Rockland and Westchester
The Board of Directors of Orange County Trust Company is pleased to announce John P. Bartolotta and Joseph A. Ruhl have joined the Bank as Regional Presidents, where they will lead commercial business expansion in Rockland and Westchester counties, respectively. Upon completion of this expansion, the Bank will operate its first full service branches in Rockland and Westchester.
Orange County Partnership's annual networking event
New Windsor, NY—Orange
County Trust Company was a major sponsor of the Orange County Partnership’s
annual Networking Event held on December 2, 2014.
The event featured, as its speaker, national
security analyst K.T. McFarland, an analyst for Fox News and aide to former
Secretary of State Henry Kissinger, a principal deputy assistant secretary of
defense and a Pentagon spokeswoman.
The event was well
attended with over 600 guests including many of the Bank’s representatives.
To learn more
about the Partnership, visit them at http://www.ocpartnership.org/
Orange County Trust Company Sponsor of November DCBA Luncheon
NY – Glenn Lau-Kee, President of the 75,000-member New York State Bar
Association was the guest speaker at the Dutchess County Bar Association’s
monthly luncheon at the Poughkeepsie Grand Hotel on November 13.Orange County
Trust Company was the sole sponsor of the event. The Bank was represented by
SVP Timothy McCausland, a member of the Dutchess County Bar Association, who
spoke about Orange County Trust’s services for attorneys. Mr. Lau-Kee highlighted the NYS Bar
Association’s efforts in promoting legal assistance for the poor and the need
for attorneys to be active in local bar associations. A graduate of Yale
College and Boston University School of Law, Mr. Lau-Kee practices law in New
York City. For information on DCBA's upcoming events, please visit: http://www.dutchesscountybar.org/.
SUNY Orange Alumni Well-Represented at "Excellence in Orange" Event
County Trust Company Event Has Significant SUNY Orange Flavor
A sizeable group of SUNY
Orange alumni attended the Orange County Trust Company's recent "Excellence in
Orange" event held in the OCTC Great Room at SUNY Orange's Newburgh
Pictured are: (back row,
from left) Matthew Dorcas '98, founder, ND Pro Media Inc.; Mike Gilfeather,
president and CEO, Orange County Trust Company; Albert Fini '90, Jim Boeheim,
men's basketball coach Syracuse University; Ed Devitt '66, owner, Devitt
Management; Joe Destefano '78, mayor, Middletown; and Dan Depew '01, supervisor,
Town of Wallkill; (front row, from left) Ralph Martucci '73, retired CFO, WVT
Communications; Terry Saturno, immediate past president, OCTC; Jennifer
Holohan-Ferrer '98, AVP, business development officer,
OCTC; Kathy Weber '98; and Maureen Halahan '78, president and
CEO, Orange County Partnership.
Alumni Rel. Coordinator
115 South Street
Middletown, NY 10940
Orange County Trust Company Joins Books 4 Kids
In recognition of Orange County Trust Company’s support of children’s literacy in the Hudson Valley, the Bank joined Syracuse University Men’s Head Basketball Coach, Jim Boeheim, in the launch of his new Books 4 Kids program.Copy and paste this link in your browser window to read the article: http://www.hvpress.net/news/119/ARTICLE/14300/2014-10-22.html
Orange County Trust Welcomes Syracuse University Men's Basketball Coach Jim Boeheim to Newburgh
“For me to come down here and do this program is good because I think we’ll be able to do something good here,” Boeheim said. “Hopefully, as it goes along, it will expand.”Copy and paste this link in your browser window to read the article: http://www.recordonline.com/article/20141015/COLLEGEVARSITY/141019615/101009/NEWS
Michael J. Gilfeather featured in Independent Banker Magazine
Orange County Trust President and CEO, Michael J. Gilfeather has been featured in Independent Banker Magazine. Copy and paste this link in your browser window to read the article. http://independentbanker.org/2014/09/15-minutes-with-michael-gilfeather/
Christopher Hayden Joins Orange County Trust Company as Senior Vice President and Chief Operating Officer
The Board of Directors of Orange County Trust
Company is pleased to announce that Christopher Hayden
has joined the Bank's team as Chief Operating Officer. Chris will head the Bank’s operational departments and be
responsible for overall enterprise risk management. Chris comes to Orange County Trust Company with more
than 25 years in the banking and finance industry.
Orange County Trust Sponsors Goshen Rotary Great American Weekend Road Race
Orange County Trust acted as a primary sponsor of
the Goshen Rotary Great American Weekend Road Race for the third consecutive
year. Proceeds from the race were used to support the Goshen Rotary Club. Held
at the Historic Track in Goshen, this yearly event recognizes the town of
Goshen as a Great American Community and has been an ongoing since 1982.
Orange County Trust Company Supports Habitat for Humanity, Newburgh
On June 12, 2014 Orange County Trust sponsored a Habitat for Humanity Builder’s Blitz breakfast, providing meals for 75 on-site volunteers in Newburgh. Orange County Trust employees proudly attended the event and helped serve the meal. In partnership with the Builders Association of the Hudson Valley, Habitat for Humanity, Newburgh, built 2 houses in just 5 days with donated materials and labor from local construction industry professionals. For more information, please visit www.habitatnewburgh.org/home-builders-blitz.
John Fracasse Honored At The Alzheimer's Association's 18th Annual Gala
Orange County Trust is pleased to announce that Assistant
Vice President and Vails Gate Branch Manager, John Fracasse was honored at the
2014 Alzheimer’s Association’s Annual Gala. The annual fundraising event, A Night of Wine & Roses,
benefits the Alzheimer’s Association Hudson Valley, Rockland and Westchester,
NY Chapter. John Fracasse has been a volunteer with the Alzheimer’s Association
for nearly two decades and remains committed to creating a world without
Orange County Trust Company Sponsors Youth Lacrosse Clinic
Orange County Trust Company was the proud sponsor of the 2014
Trilogy Lacrosse Clinic hosted recently by the Newburgh Armory Unity Center
(NAUC), an organization that fosters collaborative relationships responsive to the
specific needs of the City of Newburgh and Newburgh Enlarged City
School District, focusing
on opportunities in education, athletics, health and wellness.
Clinic was held on the Chris Hawkins Indoor Field at NAUC. It was aimed towards
children who have played lacrosse in the past but wanted to learn additional
skills and techniques.
day event included instruction for children in grades 3-8 with the second day for
children grades 9-12. Lead by coaches
who have played at professional and collegiate levels, the Trilogy Lacrosse program
teaches the kids how to improve their skills and shows them new techniques to improve
Orange County Trust to Participate in the 2014 Boy's and Girl's Club of Orange County Celebrity Dinner
Please join us on Friday, April 25th for the fourth annual Celebrity Dinner. This event will bring together dozens of local business, civic and elected officials to sing, dance and serve YOU to earn tips for the Boys & Girls Clubs in Northern Orange County!This year, Orange County Trust will be performing as Team Annie, represented by Tim McCausland, Debra Weaver, Amanda Hassenmayer, Patricia LeBlanc, Shelia Surita, Jenna Ferrier, Louisa Holtzman, Jessica Korn, Nora Zoghby, Kaylie Hughes, and Haydee Furman.To purchase tickets, please call 845-342-8833 or purchase them ONLINE!
Professional Advisor Seminar - Treasures in Grandma's Attic
Treasures in Grandma’s Attic-Valuing Collectibles and other Tangible Property.Wednesday, May 21, 2014- Registration 4:30 p.m. / Seminar 5:00 p.m.-8:00 p.m.Orange County Business Center Larkin Room: 30 Scott’s Corners Drive, Montgomery, NY 12549$40.00 Non-members/ $35.00 Members of NYSSPCA3 CLE/3 CPE CreditsSeating is limited. RSVP by May 14Refreshments provided by Cosimo’s on UnionPresenters:Mark Krohn, Esq., CPA- Jacobowitz & Gubits, LLPTim McCausland, Esq.- Orange County Trust CompanyKaren VanHouten Minogue, President and CEO – Community FoundationLouis M. Salerno- Questroyal Fine Art, LLCGary Schuster, Esq.- Jacobowitz & Gubits, LLPTo register, visit http://cfoc-ny.org/professional-advisor-center
Orange County Trust Welcomes New President and CEO
We are pleased to welcome our new President and Chief Executive Officer, Michael Gilfeather. Mr. Gilfeather brings nearly thirty-five years of banking experience to his new leadership position. He will also serve in the same positions with the bank’s holding company, and will be based at Orange County Trust’s headquarters in Middletown, New York.
Orange County Trust Wishes Terry Saturno a Happy Retirement
Terry Saturno, President and CEO, is planning to retire April 30 after 43 years with the bank. We owe great thanks to Mrs. Saturno for her long service to Orange County Trust. She is a well-respected leader of our team. We wish her well in the next phase of her life.
Orange County Trust Acquires Local Investment Firm
In completing the first acquisition in its history, the parent company of Orange County Trust Company began the short Thanksgiving work week with a new company under its wing - Hudson Valley Investment Advisors ("HVIA"). While the deal was only announced last month, Orange County Bancorp had been in negotiations with Provident Bank for over a year conducting due diligence and other business-related investigations. The deal creates an investment management enterprise - including HVIA and the trust department of Orange County Trust - that manages and administers over $550 million in client assets."This acquisition follows a well thought-out strategy set in motion by my fellow board members and senior management. It's a perfect fit," said Lou Heimbach, chairman of Orange County Bancorp.
Orange County Trust Welcomes New Senior VP/CFO
Orange County Trust Company is pleased to announce Gerard A. Perri has joined the bank as Senior Vice President and Chief Financial Officer. Gerard will oversee all aspects of the Accounting Department and will head the Asset and Liability Management Committee.Throughout Gerard's 35-year financial career, he has been integrally involved in the accounting, financial planning, compliance, and information systems functions of public and private community banks. Previously, Gerard was Chief Financial Officer of Herald National Bank where he directed all accounting, finance, treasury, and compliance responsibilities of the Bank. Prior to joining Herald National, he served as Executive Vice President & Chief Financial Officer at Metropolitan National Bank.
Lou Heimbach Appointed Chairman of the Board
Orange County Trust Company has named Louis Heimbach as Chairman of its Board of Directors. Heimbach succeeds John H. Morrison who served in that role since 1993. Said Mr. Morrison, "It has been an honor to serve as Chairman of the bank, an organization that has been family to me. I am pleased to know a person of Lou's caliber is succeeding me."A board member of Orange County Trust since 1990, Heimbach has seen the Bank grow from a $100 Million financial institution to the almost $700 million bank it is today. "Lou has played an active, positive role on our board for over twenty years. He has so much to offer and I am excited to work with him in his new position", said Terry Saturno, President & CEO of the Bank.
Tim McCausland Completes First Year of Stonier Graduate Banking Program
Earlier this month, along with over 200 bank professionals from around the country and the world, Vice President Tim McCausland completed his first-year classroom sessions at the Stonier Graduate Banking Program. Held at the Wharton School on the campus of the University of Pennsylvania, the three-year Stonier program is designed to prepare bank leaders through a year-round curriculum that combines aspects of strategic planning, leadership, economics, and financial management."Wharton maintains the highest standards. It is a rigorous program, and I have already been able to apply information I have learned here at home," said McCausland. "The greatest practical benefit for me has come from interaction with other bank professionals from around the country," he added.
Be aware of email scams
Along with eCards containing viruses, phishing, and spear phishing scams claiming to be from the IRS, Better Business Bureau, FedEx, the lottery, police agencies, and many others are showing up in the wild. These scams run year-round. Be aware that the criminal trend is not to target banks directly, but to target the customer base and have the customer compromise their bank, without knowing what is happening.
Remember Our Newest Branch in Fishkill
Orange County Trust Company's 9th branch opened last year and is serving
Southern Dutchess well. Kathy Bauer, Branch Manager of the Fishkill
Branch, invites you to visit her at Route 9 and Main Street in Fishkill.
Community Room Available
Orange County Trust has completed the second floor of the Chester
Branch. It is now available to non-profit organizations for meetings,
seminars and conferences. It is a bright, attractive space with a small
kitchen and enclosed stairway access, separate from the Branch area.
Call our Branch Manager, Cathie Hunter, at 469-6282 for information and
to reserve space.
Stewart Airport Strike Force
Orange County Trust Company has launched an educational effort that
emphasizes the value of a major airport in Orange County. The Stewart
Airport Strike Force will build awareness of the economic impact of the
airport while helping customers and colleagues to identify ways to use
it as a resource.
Bank Donates House to Habitat
Habitat for Humanity of Greater Middletown will begin rehabilitating the
aged Middletown building in spring, 2012. The new owner has already
been chosen.Photo: Mary Ellen Rogulski, the Bank's SVP/Senior Lending Officer, giving home keys to
Habitat for Humanity of Greater Middletown President, Pauline Beall.
Orange County Trust Wins Award
SUNY Orange Foundation, a financial resource partner of Orange County Community College, recognized Orange
CountyTrust with its Leadership in Business Award at their sixth annual Leadership Awards. Photo: 2011 award winners from L. to R.: Alan Seidman for the Orange County Partnership, Business Leadership;
Karen Miller, Alumni Leadership; Terry Saturno for Orange County Trust Company, Business Leadership;
Dr. William Richards, Education Leadership.
3-Credit Professional Education Seminar May 21, 2014
“Not-for-Profit Law Transformed:Essential Information for Practitioners”The New Nonprofit Revitalization Act of 2013 and Fiscal SponsorshipsPresented by:Gary M. Schuster, Esq. – Jacobowitz & Gubits, LLPand“Treasures in Grandma’s Attic”Valuing Collectibles and other Tangible Property.Wednesday, May 21, 2014- Registration 4:30 p.m./Seminar 5:00 p.m.-8:00 p.m.Orange County Business Center Larkin Room: 30 Scott’s Corners Drive, Montgomery, NY 12549$40.00 Non-members/ $35.00 Members of NYSSPCA3 CLE/3 CPE CreditsSeating is limited. RSVP by May 14Refreshments provided by Cosimo’s on UnionPanelists: Mark Krohn, Esq., CPA- Jacobowitz & Gubits, LLP Tim McCausland, Esq.- Orange County Trust Company Karen VanHouten Minogue, President and CEO – Community Foundation Louis M. Salerno- Questroyal Fine Art, LLC To register, visit: http://cfoc-ny.org/professional-advisor-center