Greene County Bancorp, Inc. filings document formal disclosures for a bank holding company whose principal subsidiaries are the Bank of Greene County and Greene County Commercial Bank. Recent Form 8-K reports include operating results furnished under Item 2.02, dividend declarations, a common-stock repurchase authorization, Regulation FD investor-presentation materials and other material-event disclosures.
The filings also record capital and governance matters, including Greene County Bancorp, MHC's majority ownership and dividend-waiver communications, Federal Reserve Bank nonobjection disclosures, annual meeting voting results, director elections, auditor ratification and advisory executive-compensation votes.
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.
Greene County Bancorp, Inc. (GCBC) is asking shareholders to elect three director nominees, ratify Bonadio & Co, LLP as its independent registered public accounting firm for the fiscal year ending June 30, 2026, approve a non-binding advisory resolution on executive compensation and select the frequency of future advisory compensation votes. The annual meeting is scheduled for November 1, 2025, and shareholders of record as of September 2, 2025, may vote.
The proxy materials disclose that Greene County Bancorp, MHC holds a controlling 54.1% stake and, together with directors and executive officers, owns 59.2% of shares. The board recommends votes FOR the director nominees, FOR ratification of the auditor, FOR the advisory say-on-pay proposal and for the one-year frequency option. The company notes no historical grants of stock options and states it did not grant equity awards in fiscal 2025.
Greene County Bancorp, Inc. is the federally chartered holding company for the Bank of Greene County and operates 18 full-service offices across the Hudson Valley and Capital District of New York. At June 30, 2025 the company primarily held its investment in the Bank, cash and securities; 17,026,828 shares were outstanding as of September 4, 2025. The Bank’s business centers on retail deposits deployed into residential and commercial real estate loans, consumer and commercial business loans, municipal and mortgage-backed securities, and non-brokered and brokered deposits including participation in IntraFi programs. Management emphasizes conservative underwriting, no sub-prime products, portfolio-level stress testing, appraisals, and due diligence on purchased loans. The Bank and its Commercial Bank subsidiary were reported as well-capitalized at June 30, 2025. Key balance-sheet items disclosed include large municipal deposit activity (the Commercial Bank had $1.2 billion in deposits) and a single largest borrower relationship of $47.7 million across seven commercial loans that was performing at period end. The company maintains liquidity through securities, FHLB and other borrowing lines and holds mortgage-backed securities issued by government-sponsored enterprises only.