Greene County Bancorp (GCBC) retires $20M 4.75% notes due 2030

Rhea-AI Filing Summary

Greene County Bancorp, Inc. disclosed that on October 1, 2025 it redeemed the entire outstanding principal amount of $20.0 million of its 4.75% Fixed-to-Floating Rate Subordinated Notes due September 17, 2030. The notes were redeemed at 100% of their aggregate principal amount, plus accrued and unpaid interest to, but excluding, the redemption date.

The company funded this redemption using cash on hand, meaning it used its existing cash resources rather than issuing new debt or equity.

Insights

Bank capital structure analyst

Greene County Bancorp used cash on hand to retire $20M in subordinated notes early.

Greene County Bancorp, Inc. redeemed all $20.0 million of its 4.75% Fixed-to-Floating Rate Subordinated Notes that were scheduled to mature on September 17, 2030. The notes were taken out at 100% of aggregate principal plus accrued and unpaid interest, which is a standard par redemption structure.

Using cash on hand to fund the redemption indicates the company applied existing liquidity rather than refinancing through new securities. This removes that specific 4.75% subordinated debt layer from its capital stack, and the actual impact depends on the company’s broader funding mix and future disclosures.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 1, 2025

GREENE COUNTY BANCORP, INC.

(Exact Name of Registrant as Specified in its Charter)

United States		0-25165		14-1809721
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)

302 Main Street, Catskill NY		12414
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code:  (518) 943-2600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Trading symbol	Name of exchange on which registered Common
Common Stock, $0.10 par value	GCBC	The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events

On October 1, 2025, Greene County Bancorp, Inc. redeemed the entire outstanding principal amount of $20.0 million of its 4.75% Fixed-to-Floating Rate Subordinated Notes due September 17, 2030 (the “Notes”). The redemption price for the Notes was equal to 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest to, but excluding the redemption date. The redemption was funded by cash on hand.

Exhibit Number	Description
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		GREENE COUNTY BANCORP, INC.
DATE:  October 1, 2025	By:	/s/ Donald E. Gibson
		Donald E. Gibson
		President and Chief Executive Officer

FAQ

What did Greene County Bancorp (GCBC) announce in this 8-K filing?

Greene County Bancorp, Inc. reported that on October 1, 2025 it redeemed the entire outstanding principal amount of $20.0 million of its 4.75% Fixed-to-Floating Rate Subordinated Notes due September 17, 2030.

How much principal of subordinated notes did GCBC redeem?

Greene County Bancorp, Inc. redeemed the full outstanding principal of its subordinated notes, totaling $20.0 million in 4.75% Fixed-to-Floating Rate Subordinated Notes.

What were the terms of the Greene County Bancorp subordinated notes that were redeemed?

The redeemed securities were 4.75% Fixed-to-Floating Rate Subordinated Notes of Greene County Bancorp, Inc., originally due on September 17, 2030.

At what price were GCBC’s subordinated notes redeemed?

The notes were redeemed at a price equal to 100% of the aggregate principal amount of the notes, plus accrued and unpaid interest to, but excluding, the October 1, 2025 redemption date.

How did Greene County Bancorp fund the $20.0 million note redemption?

Greene County Bancorp, Inc. funded the redemption of the subordinated notes using cash on hand, meaning it used its existing cash resources.

What is the trading symbol and exchange for Greene County Bancorp stock?

Greene County Bancorp, Inc. common stock, $0.10 par value, trades under the symbol GCBC on The Nasdaq Stock Market.