Gouverneur Bancorp, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Stephen Jefferies
- Full Time Employees
- 37
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 20 John Street Gouverneur NY United States of America 13642
- IPO Date
- Mar 23, 1999
- CIK
- 0001978811
- Website
- gouverneurbank.com
- Similar Companies
- Business
- Gouverneur Bancorp, Inc. Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, a New York-chartered savings and loan association that provides retail banking products and services to individuals, families, and businesses primarily in Jefferson, St. Lawrence, and Lewis Counties in northern New York. The Bank offers deposit products including passbook savings accounts, NOW accounts, money market deposit accounts, checking accounts, and certificates of deposit; loan products such as one-to-four-family residential mortgage loans, commercial real estate loans, multi-family residential real estate loans, residential and commercial construction loans, commercial land loans, home equity loans and lines of credit, commercial loans, and consumer loans for automobiles, motorcycles, campers, boats, recreational vehicles, and personal secured or unsecured needs; and additional services encompassing online banking, mobile banking, bill pay, telephone banking, electronic or paper statements, ATM and debit cards, direct deposits, mobile remote deposit capture, automatic payments and transfers, bank checks, wire transfers, and safe deposit boxes. The Bank also invests in municipal bonds, U.S. Treasury securities, U.S. Government agency securities, and mortgage-backed securities, while operating a wholly-owned subsidiary, GS&L Municipal Bank, a New York-chartered limited-purpose commercial bank that accepts deposits from New York state and local municipalities. Founded in 1892 and headquartered at 42 Church Street in Gouverneur, New York, the Bank conducts operations through five full-service branches in Gouverneur, Alexandria Bay, Cape Vincent, Chaumont, and Potsdam, serving rural communities in the North Country region near the St. Lawrence River and Lake Ontario, with a diversified local economy supported by manufacturing, agriculture, tourism, healthcare, education, government services, and Fort Drum military installation. Recent major developments include the completion of a second-step conversion from a mutual holding company structure to a fully stock holding company on October 31, 2023, through which the Company sold 723,068 shares of common stock at $10.00 per share, raising $7.2 million including shares for the employee stock ownership plan; the acquisition of Citizens Bank of Cape Vincent on September 16, 2022, adding three branches in Cape Vincent, Chaumont, and LaFargeville, $37.0 million in loans, $77.2 million in deposits, and $31.2 million in securities while establishing GS&L Municipal Bank and recording $4.2 million in goodwill to expand market presence and product offerings; approval of a second stock repurchase program on July 24, 2025, authorizing the buyback of up to 52,778 shares or 5% of outstanding common stock through July 24, 2026, following the completion of its first program in which 51,569 shares were repurchased at an average of $12.29 per share for $634,000; and an increase in its semi-annual cash dividend announced in October 2025, marking the third consecutive payout since the stock conversion. As of June 30, 2025, the Company reports total assets of $196.7 million, deposits of $159.4 million, and stockholders' equity of $31.4 million, with approximately 40 employees.
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Gouverneur Bancorp, Inc. Announces Fiscal 2025 Fourth Quarter and Fiscal Year Results
Gouverneur Bancorp, Inc. Announces Appointment of New President and Chief Executive Officer
Gouverneur Bancorp, Inc. Announces Fiscal 2025 Third Quarter and Nine Months Results
Gouverneur Bancorp, Inc. Announces Fiscal 2025 Second Quarter and Six Months Results
Gouverneur Bancorp, Inc. Announces Semi-Annual Cash Dividend
Gouverneur Bancorp, Inc. Announces Leading Proxy Advisory Firms, ISS and Glass Lewis, Have Recommended That Stockholders Vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan
Gouverneur Bancorp, Inc. Announces Fiscal 2025 First Quarter Results
Gouverneur Bancorp Announces Fiscal 2024 Fourth Quarter and Fiscal Year Results
Gouverneur Bancorp, Inc. Announces Semi-Annual Cash Dividend
Gouverneur Bancorp, Inc. Announces Appointment of New President and Chief Executive Officer
Gouverneur Bancorp, Inc. Announces Closing of Second-Step Conversion and Offering
Gouverneur Bancorp, Inc. Announces Expected Closing Date of Second-Step Conversion