Greene County Bancorp, Inc. filed a Form 8-K on September 15, 2026, disclosing the partial redemption of $10.0 million in aggregate principal amount of its outstanding 3.00% Fixed-to-Floating Rate Subordinated Notes due September 15, 2031.

Key Highlights

  • Redemption amount: $10.0 million in aggregate principal amount of the Notes was redeemed on September 15, 2026.
  • Redemption price: Equal to 100% of the principal amount redeemed, plus accrued and unpaid interest to, but excluding, September 15, 2026.
  • Remaining balance: $20.0 million in aggregate principal amount of the Notes remains outstanding following the redemption.
  • Funding source: The company funded the redemption with cash on hand.
  • Note terms: The Notes carry a 3.00% Fixed-to-Floating Rate and are due September 15, 2031.

Greene County Bancorp Partially Redeems 3.00% Subordinated Notes

According to the filing, Greene County Bancorp, Inc. (NASDAQ:GCBC), headquartered at 302 Main Street, Catskill, NY, reported the partial redemption of its 3.00% Fixed-to-Floating Rate Subordinated Notes due September 15, 2031. The company disclosed that $10.0 million in aggregate principal amount of the Notes was redeemed on September 15, 2026, at a redemption price equal to 100% of the principal amount redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

The filing states that the redemption was funded with cash on hand. Following the transaction, $20.0 million in aggregate principal amount of the Notes remains outstanding. No additional financial terms or conditions related to the remaining Notes were described in the filing beyond what is noted above.

The report was signed by Donald E. Gibson, President and Chief Executive Officer of Greene County Bancorp, Inc., and was filed under Item 8.01 (Other Events) of the Form 8-K. The company's common stock, with a par value of $0.10, is listed on The Nasdaq Stock Market LLC under the trading symbol GCBC.

What Was Disclosed

Greene County Bancorp disclosed a partial redemption of $10.0 million of its 3.00% Fixed-to-Floating Rate Subordinated Notes due 2031, funded with cash on hand, leaving $20.0 million of the Notes outstanding as of September 15, 2026.