CATSKILL, N.Y., Oct. 19, 2022 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (NASDAQ-GCBC) right this moment introduced that its Board of Directors has accredited a quarterly money dividend of $0.14 per share on the Company’s widespread inventory. The dividend displays an annual money dividend price of $0.56 per share, which is similar price because the dividend declared throughout the earlier quarter.
The money dividend for the quarter ended September 30, 2022 might be paid to shareholders of document as of November 15, 2022, and is predicted to be paid on November 30, 2022.
The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding firm which owns 54.1% of the Company’s excellent widespread shares. The MHC is waiving its receipt of this dividend. The MHC obtained the approval of its members (depositors of The Bank of Greene County) and the non-objection of the Federal Reserve Bank of Philadelphia to waive the MHC’s receipt of quarterly money dividends aggregating as much as $0.60 per share, paid by the Company for the 4 quarters ending with the quarters that finish on June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023.
Greene County Bancorp, Inc. is the direct and oblique holding firm, respectively, for The Bank of Greene County, a federally chartered financial savings financial institution, and Greene County Commercial Bank, a New York-chartered business financial institution, each headquartered in Catskill, New York. The Banks serve the market space at the moment concentrated across the areas inside the Hudson Valley Region of New York.
For Further Information Contact:
Donald E. Gibson
President and Chief Executive Officer
(518) 943-2600
[email protected]
