Subsequent Events

9 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent events

(13)Subsequent events

On April 16, 2013, the Board of Directors declared a cash dividend for the quarter ended March 31, 2013 of $0.175 per share on Greene County Bancorp, Inc.’s common stock.  The dividend reflects an annual cash dividend rate of $0.70 per share, which was the same as the dividend declared during the previous quarter.  The dividend will be payable to stockholders of record as of May 15, 2013, and will be paid on May 31, 2013.  Historically, the MHC has waived its right to receive dividends declared on its shares of the Company’s common stock, and the MHC has waived the receipt of dividends for the quarter endedMarch 31, 2013, subject to the non-objection of the Federal Reserve Board.  The Federal Reserve Board has adopted interim final regulations that impose significant conditions and restrictions on the ability of mutual holding companies to waive the receipt of dividends from their subsidiaries. The MHC obtained approval of its members at the special meeting of members held on February 19, 2013 to waive the dividend, and received the non-objection of the Federal Reserve Board for such dividend waiver. The MHC intends to waive its receipt of the dividend payable on May 31, 2013.