Eric Wiggins, President and CEO (845) 695 - 7400

For Kenneth Torsoe:
Edward Lutz, Lutz Advisors, (917) 941- 7790


MIDDLETOWN, NY (August 25, 2008) — Community Bank of Orange (OTC: CBOG) (the “Bank”) is pleased to announce the appointment of Gregory Monteith to the position of Chief Lending Officer. This appointment will be effective August 25, 2008.

Mr. Monteith will be responsible for all of the Bank's lending functions, including new business development, loan origination, loan servicing as well as overseeing the Bank’s lending staff.

Mr. Monteith brings to the Bank 25 years of banking experience, all in the Hudson Valley region. Prior to this appointment, he served as senior vice
president of commercial lending in charge of Orange County, N.Y. at Union State Bank (USB). Mr. Monteith worked for USB for over 7 years and continued as a vice president with Key Bank, which took over USB earlier this year. Prior to his employment at USB, he has worked for Independence Bank in New Jersey and Pawling Savings Bank/Premier National Bank in New York in various lending positions. Mr. Monteiths’ appointment to the role of Chief Lending Officer at the Bank comes at a time when the Bank is poised to expand its footprint in Rockland and Westchester counties after the approval of the recapitalization agreement the Bank recently announced.

Eric Wiggins, President and CEO, noted, "Greg brings a wealth of loan experience and an extensive network of contacts to the Bank. His knowledge of loan functions, including loan solicitation, processing, underwriting, appraisal as well as his understanding of the Hudson Valley marketplace, makes him a valuable addition to our management team." Wiggins added that Mr. Monteith’s initial focus would be to diversify the Bank's lending operations while continuing to grow its loan portfolio.

Monteith stated, "I welcome the opportunity to use my skills and experience to grow and diversify the Bank’s loan portfolio, as well as working to support the Bank's goal to support community economic development.”

The Bank recently announced that it has entered into a Recapitalization Agreement with an investment group led by Kenneth J. Torsoe. The transaction is scheduled to close late in the third quarter or early in the fourth quarter of 2008 and will allow the Bank to continue its growth in Orange County and with the addition of the capital, will permit expansion of the Bank’s footprint into Rockland and Westchester Counties.

Mr. Monteith earned a bachelors degree in Business Administration from Lebanon Valley College. He is a past president of the Ramapo Valley Rotary Club and is married with four children.

The Bank, founded in 2002, is headquartered in Middletown, New York and maintains an additional branch in Warwick, New York. It is the first community bank chartered in Orange County, New York in over fifty years. It offers to its individual and business customers a variety of banking services and products, including free checking and expanded banking hours. The Bank is chartered by the OCC and its deposits are insured by the Federal Deposit Insurance Corporation. The Banks common stock is quoted on the Pink Sheets trading under the symbol “CBOG.” Further information on Community Bank of Orange can be found by logging on to www.cbobank.net.
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