Press Release
Approval of Application by Fort Orange Financial Corporation, Albany, New York
November 9, 2006
Posted November 15, 2006

NEW YORK—The Federal Reserve Bank of New York Thursday approved the application by Fort Orange Financial Corporation, Albany, New York to become a bank holding company by acquiring Capital Bank & Trust Company, Albany, New York, pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956, as amended.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.