April, 2014

Dear Customers and Friends:

I am pleased to be writing to you as the new President and CEO of Orange County Trust Company. The opportunity to guide an institution that has been such an important part of the Hudson Valley landscape for so long is a distinct honor. I look forward to meeting the people who have helped our bank thrive over the last 122 years; our customers. Please come in and say hello.

As the new President, I would like to thank our past President, Terry R. Saturno, for her leadership and guidance these last few weeks. I have found the entire OCTC family to be very supportive and it is exciting to be on a team that follows my guiding principles of customer service. I would also like to thank our board members for their dedication and continuous support. 

We have new and exciting plans for Orange County Trust Company and our sister organization, Hudson Valley Investment Advisors, in the coming year. Please look for company information at this website or feel free to call our marketing department at 845-341-5043 for bank news.

If you have any questions or suggestions, please feel free to email me at or call me at 845-341-5002.

Thank you.

Michael J. Gilfeather

President & CEO