M&A Deal Summary

Orange Bank & Trust Co. Acquires Orange Investment Advisors

On October 10, 2012, Orange Bank & Trust Co. acquired financial services company Orange Investment Advisors from Sterling Bank

Acquisition Highlights
  • This is Orange Bank & Trust Co.’s 1st transaction in the Financial Services sector.
  • This is Orange Bank & Trust Co.’s 1st transaction in the United States.
  • This is Orange Bank & Trust Co.’s 1st transaction in New York.

M&A Deal Summary

Date 2012-10-10
Target Orange Investment Advisors
Sector Financial Services
Buyer(s) Orange Bank & Trust Co.
Sellers(s) Sterling Bank
Deal Type Divestiture

Target

Orange Investment Advisors

Goshen, New York, United States
Orange Investment Advisors provides investment management services with a focus on structured credit strategies. Orange Investment Advisors was founded in 1995 and is based in Goshen, New York.

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Buyer(S) 1

Buyer

Orange Bank & Trust Co.

Middletown, New York, United States

Category Company
Founded 1892
Sector Financial Services
Employees225
Revenue 108M USD (2024)
DESCRIPTION

Orange Bank & Trust Co. is an independent bank. Orange Bank & Trust Co. was founded in 1892 and is headquartered in Middletown, New York.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Sterling Bank

Pearl River, New York, United States

Category Company
Founded 1888
Sector Financial Services
Employees1,457
Revenue 990M USD (2020)
DESCRIPTION

Sterling Bank is a financial services firm that specializes in the delivery of service and solutions to business owners, their families, and consumers in communities within the greater New York City area through teams of dedicated and experienced relationship managers. Sterling Bank was founded in 1888 and is based in Pearl River, New York.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-18 Gotham Bank of New York

New York, New York, United States

Gotham Bank is a community commercial bank that is headquartered in midtown Manhattan. Gotham Bank provides a variety of personalized banking products and services to its customers, and emphasizes a high level of personal service as a core business practice.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-04 Sterling National Bank

Montebello, New York, United States

Sterling National Bank is a provider of personal & commercial banking solutions to communities and businesses throughout the New York Metro area and beyond.

Buy $344M