Orange Bank & Trust’s Services Division Relocates
Real Estate In-Depth | May 2017
MIDDLETOWN—Orange Bank & Trust recently reported its Trust Services Division has relocated its operations from the headquarters in Middletown, to the Chester office at 91 Brookside Ave. in Chester.
Orange Bank & Trust’s steady expansion has caused the bank to outgrow its capacity at headquarters and the move of the Trust Services Division will help to alleviate some of this pressure, the bank stated in a press announcement. Although the division moved to a different location, the Trust Services Division will continue to meet with its clients at any of the bank’s 13 branches, reflecting their ongoing commitment to client convenience.
“We really wanted to limit the impact that this relocation could have on our clients and our employees and I don’t think we could have found a better location for our team—a beautiful, historic building located in a central location immediately off the highway,” said Michael Gilfeather, president & CEO of Orange Bank & Trust Co. “The trust business has been a core service since the bank opened in 1892.”
The Board of Directors and CEO Gilfeather also recently announced that Gerard A. Perri has been promoted to executive vice president.
Perri is being recognized for his overall responsibility for the Finance, Accounting and Information Technology areas of the bank. Perri joined Orange Bank & Trust in July 2012 as senior vice president and CFO, overseeing all aspects of finance and accounting. In 2014, his role expanded to include oversight of the bank’s IT Department.