Bank of Greene County

Greene County Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, January 17, 2024
Commercial bank, Bank, Bank of Greene County, MHC, Federal Reserve Bank, Holding company

CATSKILL, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.

Key Points: 
  • CATSKILL, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.
  • The dividend reflects an annual cash dividend rate of $0.32 per share which is the same rate as the dividend declared during the previous quarter.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.1% of the Company’s outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.

Greene County Bancorp, Inc. Reports Net Income of $6.5 million for the Three Months Ended September 30, 2023 and is Selected for the Piper Sandler Sm-All Stars Class of 2023 for the Seventh Consecutive Year

Retrieved on: 
Tuesday, October 24, 2023
Asset, Sale, Security (finance), Tax, Main Street, Federal Home Loan Banks, Bank, Federal Reserve, News, GAAP, Private banking, GCBC, Federal, Nature, Environment, Federal Reserve Board of Governors, Growth, NOW, Commercial bank, Current Expected Credit Losses, CECL, Lender option borrower option, Hudson Valley Regional Airport, Bank of Greene County, Calendar, Cryptocurrency, Airline, Life insurance, Rare-earth element, Historic district

Net income decreased $2.5 million, or 28.4%, when comparing the three months ended September 30, 2023 and 2022.

Key Points: 
  • Net income decreased $2.5 million, or 28.4%, when comparing the three months ended September 30, 2023 and 2022.
  • Selected highlights for the three months ended September 30, 2023 are as follows:
    Net interest income decreased $2.4 million to $13.4 million for the three months ended September 30, 2023 from $15.8 million for the three months ended September 30, 2022.
  • Tax equivalent net interest margin was 2.37% and 2.76% for the three months ended September 30, 2023 and 2022.
  • Total cash and cash equivalents for the Company were $130.3 million at September 30, 2023 and $196.4 million at June 30, 2023.

Greene County Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, October 18, 2023
MHC, Federal Reserve Bank of Philadelphia, Bank, Federal Reserve Bank, Commercial bank, Hudson Valley Regional Airport, Bank of Greene County, Holding company

CATSKILL, N.Y., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.

Key Points: 
  • CATSKILL, N.Y., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.
  • The dividend reflects an annual cash dividend rate of $0.32 per share which is the same rate as the dividend declared during the previous quarter.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.1% of the Company’s outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.

Greene County Bancorp, Inc. Announces Cash Dividend Increase

Retrieved on: 
Wednesday, July 19, 2023
Bank of Greene County, Commercial bank, MHC, Bank, Hudson Valley Regional Airport, Holding company

CATSKILL, N.Y., July 19, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.

Key Points: 
  • CATSKILL, N.Y., July 19, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.08 per share on the Company’s common stock.
  • The dividend reflects an annual cash dividend rate of $0.32 per share which represents a 14.3% increase from the previous annual cash dividend of $0.28 per share.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.1% of the Company’s outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.

Greene County Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, April 19, 2023
Federal Reserve Bank, Bank of Greene County, Commercial bank, MHC, Bank, Hudson Valley Regional Airport, Federal Reserve Bank of Philadelphia, Holding company

CATSKILL, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.07 per share on the Company’s common stock.

Key Points: 
  • CATSKILL, N.Y., April 19, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.07 per share on the Company’s common stock.
  • The dividend reflects an annual cash dividend rate of $0.28 per share.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.1% of the Company’s outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.

Greene County Bancorp, Inc. Declares Two-For-One Stock Split

Retrieved on: 
Tuesday, February 21, 2023
Bank, Hudson Valley Regional Airport, Bank of Greene County, Commercial bank, Holding company

CATSKILL, N.Y., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (The “Company”) (NASDAQ-GCBC), the holding company for The Bank of Greene County, today announced that its Board of Directors has approved and declared a two-for-one stock split in the form of a stock dividend on its outstanding shares of common stock.

Key Points: 
  • CATSKILL, N.Y., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (The “Company”) (NASDAQ-GCBC), the holding company for The Bank of Greene County, today announced that its Board of Directors has approved and declared a two-for-one stock split in the form of a stock dividend on its outstanding shares of common stock.
  • Based on the number of shares currently outstanding the Company will have 17,026,828 shares of common stock outstanding on a split-adjusted basis.
  • Donald E. Gibson, President and Chief Executive of the Company, said, “We believe that the two-for-one stock split is an action that could enhance the investment value and liquidity of our common stock, and we believe that it is warranted, in light of the Company’s successful year and increase in stock price.”
    Greene County Bancorp, Inc. is the direct and indirect holding company for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.
  • For more information on Greene County Bancorp, Inc., visit www.tbogc.com .

National Bank of Coxsackie supports Capital District YMCA Annual Campaign with Donation

Retrieved on: 
Monday, February 6, 2023
Banking, Professional Services, Finance, YMCA, Member, Bank of Greene County, National bank, NBC, Running Start, Multimedia, Capital District

The National Bank of Coxsackie has donated $2,000 towards the Greene County YMCA’s Annual Campaign.

Key Points: 
  • The National Bank of Coxsackie has donated $2,000 towards the Greene County YMCA’s Annual Campaign.
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20230206005062/en/
    Pictured here from left to right is: Greene County YMCA Executive Director Toni Carroll, The Greene County YMCA School Site Supervisor Debbie Gecco, National Bank of Coxsackie Loan Operations staff Ellen Jennings and Brittany Rieseberg, and National Bank of Coxsackie Senior VP Mark Maraglio.
  • (Photo: Business Wire)
    The Greene County Y is a branch of the Capital District YMCA and holds an Annual Campaign each year to raise funds for the community.

Greene County Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, January 18, 2023
Bank of Greene County, Commercial bank, Federal Reserve Bank, Federal Reserve Bank of Philadelphia, Bank, MHC, Hudson Valley Regional Airport, Holding company

CATSKILL, N.Y., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.14 per share on the Company’s common stock.

Key Points: 
  • CATSKILL, N.Y., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.14 per share on the Company’s common stock.
  • The dividend reflects an annual cash dividend rate of $0.56 per share, which is the same rate as the dividend declared during the previous quarter.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company which owns 54.1% of the Company’s outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.

Greene County Bancorp, Inc. Reports 27% Increase in Net Income for the Quarter Ended September 30, 2022 and is Selected for the Piper Sandler Sm-All Stars Class of 2022 for the Sixth Consecutive Year

Retrieved on: 
Friday, October 21, 2022
News, Method, U.S. Securities and Exchange Commission, Sale, SEC, Growth, Federal Home Loan Banks, Hudson Valley Regional Airport, NASDAQ, Income, Consolidated Appropriations Act, 2021, Commercial bank, GAAP, Program, Security (finance), Investment, Private Securities Litigation Reform Act, Company, Northern Territory National Emergency Response, NOW, CEO, Nature, Federal Reserve Board of Governors, State of emergency, GLOBE, Asset, GCBC, Bank, CARES Act, Bank of Greene County, Calendar, COVID-19, Renewable energy, Pension fund, Online gambling, Life insurance

Net income increased $1.9 million, or 27.0%, when comparing the quarters ended September 30, 2022 and 2021.

Key Points: 
  • Net income increased $1.9 million, or 27.0%, when comparing the quarters ended September 30, 2022 and 2021.
  • Cost of interest-bearing liabilities increased 26 basis points when comparing the three months ended September 30, 2022 and 2021.
  • Net interest rate spread and margin both decreased when comparing the three months ended September 30, 2022 and 2021.
  • Net loans receivable increased $98.5 million, or 8.0%, to $1.3 billion at September 30, 2022 from $1.2 billion at June 30, 2022.

Greene County Bancorp, Inc. Announces Cash Dividend

Retrieved on: 
Wednesday, October 19, 2022
Hudson Valley Regional Airport, Bank, Commercial bank, Company, Board, Federal Reserve Bank, MHC, GLOBE, Board of directors, Bank of Greene County, Federal Reserve Bank of Philadelphia, Holding company

CATSKILL, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.14 per share on the Companys common stock.

Key Points: 
  • CATSKILL, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.14 per share on the Companys common stock.
  • The dividend reflects an annual cash dividend rate of $0.56 per share, which is the same rate as the dividend declared during the previous quarter.
  • The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the MHC), a federal mutual holding company which owns 54.1% of the Companys outstanding common shares.
  • Greene County Bancorp, Inc. is the direct and indirect holding company, respectively, for The Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York.