Greene County Bancorp, Inc. (The “Firm”) (NASDAQ-GCBC), the holding firm for The Financial institution of Greene County, right now introduced that its Board of Administrators has accredited and declared a two-for-one inventory break up within the type of a inventory dividend on its excellent shares of widespread inventory. Every stockholder of document as of the shut of enterprise on March 8, 2023 will obtain one extra share of widespread inventory for every share then held, to be distributed after the shut of enterprise on March 23, 2023. Based mostly on the variety of shares at the moment excellent the Firm may have 17,026,828 shares of widespread inventory excellent on a split-adjusted foundation.

Donald E. Gibson, President and Chief Government of the Firm, mentioned, “We imagine that the two-for-one inventory break up is an motion that would improve the funding worth and liquidity of our widespread inventory, and we imagine that it’s warranted, in mild of the Firm’s profitable 12 months and improve in inventory worth.”

Greene County Bancorp, Inc. is the direct and oblique holding firm for The Financial institution of Greene County, a federally chartered financial savings financial institution, and Greene County Industrial Financial institution, a New York-chartered industrial financial institution, each headquartered in Catskill, New York. Our main market space is the Hudson Valley Area and Capital District Area in New York State. For extra info on Greene County Bancorp, Inc., go to www.tbogc.com.