Orange County Bancorp (OBT) said Wednesday that it is realigning its divisions to enhance its wealth management services.
The company said its asset management unit, Hudson Valley Investment Advisors, as well as its trust, and private banking services will now be grouped under Orange Wealth Management.
Senior Vice President David Dineen will oversee Orange Wealth Management as its managing director. Dineen has already led the bank's trust and private banking services since February 2022, the bank holding company said.
The goal of the new division is to integrate both personal and business banking with wealth management, unlike the traditional approach where these services are separated, the company said.
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