• Bank of America, but focused on a few counties in Upstate New York.
• It's the local Main Street bank for its region, similar to how a neighborhood grocery store operates compared to a national chain like Walmart.

• Checking Accounts: Transactional accounts allowing easy access to funds for daily spending.
• Savings Accounts: Interest-bearing accounts for accumulating and holding funds.
• Money Market Accounts: Interest-bearing deposit accounts with some checking features, typically offering higher rates than standard savings accounts.
• Certificates of Deposit (CDs): Time deposit accounts that earn a fixed interest rate for a specified period.
• Residential Mortgage Loans: Loans provided to individuals for the purchase or refinance of homes.
• Commercial Real Estate Loans: Loans provided to businesses for the acquisition, development, or refinancing of commercial properties.
• Commercial & Industrial (C&I) Loans: Loans provided to businesses for working capital, equipment purchases, or other general business purposes.
• Consumer & Home Equity Loans: Loans provided to individuals for personal use, including lines of credit secured by home equity.
• Cash Management Services: Services designed to help businesses efficiently manage their incoming and outgoing cash flow.
• Letters of Credit: Guarantees issued by the bank on behalf of a customer, assuring payment to a third party.

• Fiserv, Inc. (Symbol: FISV)
• BDO USA, LLP

Donald E. Gibson President, Chief Executive Officer and Director

Donald E. Gibson has served as President and Chief Executive Officer of Greene County Bancorp, Inc. and The Bank of Greene County since 2007. He joined the bank in 1987 and held various positions of increasing responsibility prior to his appointment as President and CEO. Under his leadership, the bank's assets have grown from approximately $300 million to over $3 billion, and it has achieved record earnings in 16 of the past 17 years. Mr. Gibson also serves as Chairperson of the Board of Directors of Atlantic Community Bankers Bank and is a current Board Member and past Chairperson of the New York State Bankers Association. He holds an MBA from The College of Saint Rose and a Bachelor's degree in Business and Economics from the State University of New York College at Oneonta.

Nick Barzee Senior Vice President and Chief Financial Officer

Nick Barzee was appointed Senior Vice President and Chief Financial Officer of Greene County Bancorp, Inc. and The Bank of Greene County on July 1, 2024, succeeding the retiring Michelle Plummer. Prior to this appointment, he served as Vice President, Director of Finance since 2023 and Vice President, Controller since 2021. Before joining the company, Mr. Barzee worked as a Senior Manager with KPMG LLP in Albany, NY and New York City for over 12 years. He is a Certified Public Accountant and holds both a Master's degree in Business Administration and a Bachelor's degree in Accounting from the State University of New York at Oswego.

John Antalek Executive Vice President, Chief Lending Officer

John Antalek has served as Executive Vice President and Chief Lending Officer of Greene County Bancorp, Inc. and The Bank of Greene County since 2021. He began his career in banking over 30 years ago as a teller and has over 20 years of commercial lending experience. Mr. Antalek joined the company in 2018 as Vice President, Commercial Lending and Business Development, and has since held several positions of increased responsibility within the Lending Department.

Key Risks to Greene County Bancorp (GCBC)

1. Interest Rate Risk: Greene County Bancorp is significantly exposed to interest rate risk, primarily due to its portfolio of fixed-rate residential mortgage loans. A rise in market interest rates could lead to reduced net interest income. The banking sector as a whole has faced challenges from high interest rates, compelling banks like GCBC to offer higher interest on deposits to remain competitive, which can negatively impact net interest income.
2. Market Competition: The company faces substantial competition in attracting deposits and originating loans. This competition comes from larger financial institutions with greater resources, as well as online competitors. Such a competitive environment could constrain GCBC's growth opportunities and negatively affect its profitability.
3. Credit Risk: Greene County Bancorp is exposed to credit risk associated with its loan portfolio. Economic downturns or a decline in the creditworthiness of borrowers could adversely impact this portfolio. Furthermore, an increase in loan growth, particularly in commercial real estate, can necessitate higher provisions for credit losses.

The clear emerging threat to Greene County Bancorp comes from the proliferation and increasing adoption of digital-only banks (neobanks) and financial technology (fintech) platforms. These competitors offer banking services, including deposits, payments, and lending, through entirely digital channels, often with superior user experiences, lower fees, and more competitive interest rates than traditional brick-and-mortar banks. This model directly challenges GCBC's ability to attract and retain customers, particularly younger demographics who prioritize digital convenience and seamless mobile access to financial services, eroding its traditional deposit base and loan origination opportunities.

Greene County Bancorp (GCBC) operates primarily in the Hudson Valley and Capital District Regions of New York State, including Greene, Columbia, Albany, Ulster, and recently Saratoga Counties. Its main products and services include various deposit products (savings, checking, money market, CDs, IRAs) and a loan portfolio comprising residential, construction and land loans, commercial real estate mortgages, consumer loans (auto, personal, home equity), and commercial loans.

Addressable Market Sizes:

• Community Banking Market:
  • The U.S. community banking market was valued at approximately $6.35 billion in 2024, with a projected compound annual growth rate (CAGR) of 3.8%.
  • Globally, the community banking market is expected to reach around $19.39 billion in 2025, growing to $26.98 billion by 2029 at a CAGR of 8.6%. North America held a dominant share of over 40% in the global market in 2024, accounting for $6.68 billion in revenue.
• Residential Mortgage Market (New York State):
  • The broader U.S. home mortgage market size was valued at approximately $180.91 billion in 2023 and is projected to grow to around $501.67 billion by 2032, with a CAGR of roughly 12.00% between 2024 and 2032. New York is identified as one of the states with high demand for home mortgages.
  • In New York State, the median home sales price in September 2025 was $569,500. The median sales price increased by about 6% between spring 2024 and spring 2025.
• Commercial Real Estate Mortgage Market (New York State):
  • While specific market size figures for commercial real estate mortgages in Greene County Bancorp's direct service area are not available, the broader New York commercial real estate debt market is active. Commercial Loan Direct, a commercial mortgage banker, targets owner-occupied and investment properties over $1 million in New York. Nationally, commercial and multifamily mortgage loan originations experienced significant year-over-year drops through the third quarter of 2023, with multifamily properties down 51% and office buildings down 64%.
• Deposit Market (New York State):
  • As of June 30, 2025, Greene County Bancorp's total consolidated deposits were $2.6 billion. In 2011, community banks in New York held $130.4 billion in deposits, representing 23% of the state's total deposit share at that time.

Greene County Bancorp (GCBC) is expected to drive future revenue growth over the next two to three years through several key strategies:

1. Geographic Expansion into Saratoga County: The company has finalized and announced plans to expand its operations into Saratoga County, with a new office in Clifton Park. This expansion into a new market is a direct driver for increasing customer base and loan opportunities.
2. Continued Loan Portfolio Growth: GCBC has demonstrated consistent and disciplined loan growth, with net loans reaching record highs of $1.6 billion as of September 30, 2025. This growth in its loan portfolio, which has shown strong year-over-year and multi-year growth rates, is a primary driver for increasing interest income.
3. Net Interest Margin (NIM) Expansion and Favorable Interest Rate Management: The company has successfully increased its net interest margin, rising by 45 basis points to 2.48% for the quarter ending September 30, 2025. This improvement is attributed to higher yields on loans and securities, combined with strategic reductions in deposit rates, indicating effective management of the interest rate environment to optimize profitability.
4. Robust Asset and Deposit Growth: Greene County Bancorp has achieved record high total assets, reaching $3.1 billion as of September 30, 2025, alongside record total deposits of $2.7 billion. This overall growth in its balance sheet provides a larger base for generating interest income and expanding lending activities.

Share Repurchases

• Greene County Bancorp has a stock repurchase program in place.
• No shares were repurchased during the fiscal year ended June 30, 2025.
• For the three and nine months ended March 31, 2025, the company did not repurchase any shares.
• Under the program, Greene County Bancorp is authorized to repurchase up to 400,000 shares of its common stock.

Share Issuance

• The number of shares issued remained consistent at 17,222,680 shares at both March 31, 2025, and June 30, 2024, indicating no share issuance during this period.

Outbound Investments

• As of March 31, 2025, the company had a net investment of $14,000 in solar tax credit investments.
• Greene County Bancorp had unfunded commitments totaling $381,000 for solar tax credit investments as of March 31, 2025.

Capital Expenditures

• Greene County Bancorp is expanding its operations into Saratoga County with a new Clifton Park office, which was set to open on October 25, 2025.
• No specific dollar values for historical capital expenditures (purchases of premises and equipment) over the last 3-5 years were explicitly available in the provided search results.