GCBC Stock Analysis

Greene County Bancorp Inc

Greene County Bancorp, Inc. operates as the federally chartered holding company of The Bank of Greene County, a federally chartered savings bank. A majority of the Company's issued and outstanding common stock (55.1%) is held by Greene County Bancorp, MHC, which is a federally chartered mutual holding company. The purpose of Greene County Commercial Bank is to serve local municipalities' banking needs. The Bank of Greene County's principal business consists of attracting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in one to four-family residential mortgage loans, nonresidential mortgage loans, consumer loans, home equity loans and commercial business loans. In June 2011, The Bank of Greene County formed a new subsidiary, Greene Property Holdings, Ltd.