Bank of Greene County planning stock split
Rick Karlin reports for the Times Union that the Bank of Greene County is planning a two-for-one stock split, for the close of business on March 8. Each stockholder in parent company Greene County Bancorp will receive an additional share of stock for each share they own on March 23. Greene County Bancorp President and CEO Donald Gibson said of the move, “It lowers the cost so more people can buy it." This is the fourth stock split in 25. years for the 135-year-old local bank. Two years ago, the Bank of Greene County surpassed $2 billion in assets. And last June, the bank began being listed in the Russell 2000 Index, a leading list of small cap stocks. On Feb. 22 the bank’s stock on the NASDAQ exchange was trading at $54.21 a share. Read more about this story in the Times Union.