Greene County Bancorp, Inc. Increases Cash Dividend.Business Editors CATSKILL, N.Y.--(BUSINESS WIRE)--Jan. 23, 2003 J. Bruce Whittaker, President and Chief Executive Officer of Greene County Bancorp, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GCBC GCBC Grand Case Beach Club (St Martin) GCBC Ghana Catholic Bishops Conference GCBC Gulf Coast Business Council GCBC Gold Coast Bridge Club (Australia) ), today announced that the Company has declared a semi-annual cash dividend of $.34 per share of the Company's common stock. The dividend represents a 6.25% increase from the prior dividend rate of $.32 per share. The dividend will be payable to stock-holders of record as of February 15, 2003, and will be paid on March 1, 2003. The Company is the majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Greene County Bancorp, MHC MHC major histocompatibility complex. MHC abbr. major histocompatibility complex MHC major histocompatibility complex. , a federal mutual holding company, which owns 56.5 percent of the Company's outstanding shares. Greene County Bancorp, MHC will file a regulatory notice of its intention to waive the receipt of dividends paid on its shares of the Company. Greene County Bancorp, Inc. is the parent corporation for The Bank of Greene County, a New York-chartered savings bank headquartered in Catskill, NY. The Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. insures the Bank's deposits. The Bank operates six full service offices in Catskill, Cairo, Coxsackie, Greenville, Tannersville and Westerlo, NY. |
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