Subsequent events

3 Months Ended

Sep. 30, 2017

Subsequent events [Abstract]

Subsequent events

(13) Subsequent events

On October 17, 2017, the Board of Directors declared a cash dividend for the quarter ended September 30, 2017 of $0.0975 per share on Greene County Bancorp, Inc.’s common stock.  The dividend reflects an annual cash dividend rate of $0.39 per share, which was the same rate as the dividend declared during the previous quarter.  The dividend will be payable to stockholders of record as of November 15, 2017, and will be paid on November 30, 2017.  The MHC intends to waive its receipt of this dividend.

On October 16, 2017, The Bank of Greene County opened its newest full-service branch location at 179 County Route 7A, Copake, New York.