Orange National Enters Nasdaq
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ORANGE — Orange National Bancorp, the parent company of Orange National Bank, began trading Tuesday on the Nasdaq market. In the first day, the stock opened at $10.50 a share and rose to $10.75 before closing at $10.50.
The Nasdaq listing makes it easier for shareholders to liquidate and buy stock, said Robert W. Creighton, chief financial officer.
Last month, the company reported record net earnings for 1995 of $2.5 million, or $1.31 a share, up from the $835,000, or 45 cents a share, for 1994.
Orange National has six branches in Orange County.
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