Greene County Bancorp, Inc. Announces Geographic Expansion in Albany County
January 24, 2020 at 04:04 pm
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Greene County Bancorp, Inc. announced further geographic expansion in Albany County with plans to open a new branch office located at 103 Wolf Road in the Town of Colonie. The company will be opening Bank’s third branch in Albany County. It has not set a definite date for a branch opening, but it has targeted the second quarter of 2020 for the grand opening.
Greene County Bancorp, Inc. operates as the holding company of The Bank of Greene County (the Bank). The Bankâs principal business consists of attracting retail deposits from the general public in the areas surrounding its branches and investing those deposits, together with funds generated from operations and borrowings, primarily in residential mortgage loans, commercial real estate mortgage loans, consumer loans, home equity loans and commercial business loans. In addition, The Bank invests a significant portion of its assets in state and political subdivision securities and mortgage-backed securities. The Bank offers investment alternatives for customers. The Bank operates a subsidiary, Greene County Commercial Bank, which receives deposits only to the extent of accepting for deposit the funds of the United States and the state of New York and their respective agents, authorities and instrumentalities, and local governments. The Bank also operates a real estate investment trust.
GREENE COUNTY BANCORP, INC. 
