Greene County Bancorp announces share repurchase program

Greene County Bancorp (GCBC) announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the company may repurchase up to 400,000 shares of its common stock. This amount represents approximately 5.0% of the company’s 7,808,300 shares of outstanding common stock held by shareholders other than Greene County Bancorp, MHC, the company’s majority mutual holding company parent. Repurchases are expected to commence after the company publicly releases its results of operations for the quarter ended March 31.