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Bank News

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  Companies interested in supporting the Heart Walk with sponsorship or teams should call Michelle Conrad at 845-346-5276 or email or register online at   
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
Orange County Trust Company Sponsor of November DCBA Luncheon
Poughkeepsie, 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:
SUNY Orange Alumni Well-Represented at "Excellence in Orange" Event
Orange 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 campus.   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.   Contact: Mary Roth Alumni Rel. Coordinator 115 South Street Middletown, NY 10940 (845) 341-4179
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:              
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:             
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.
Joseph F. Conti named Senior Business Development Officer
Orange County Trust Company is pleased to announce Joseph F. Conti has been named Senior Business Development Officer. He will be responsible for the development of new business, focusing his efforts in Dutchess County.
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
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 Alzheimer’s. 
Orange County Trust Welcomes Jennifer Holohan-Ferrer
Orange County Trust Company is pleased to announce that Jennifer Holohan-Ferrer has joined the Bank's team as Business Development Officer. Jennifer will be responsible for the development of new business, specializing in the business banking market. She comes to Orange County Trust with more than 10 year in the banking industry.
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. The 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.  The two 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 their game.  
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 
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:

Did You Know?

Orange County Trust Company and General Electric were established the same year, 120 years ago in 1892.