Bank of Greene County

What Bank of Greene County does

Bank of Greene County, headquartered in Catskill, New York, is a community bank founded in 1889 and operated through its publicly traded holding company, Greene County Bancorp, Inc. (NASDAQ: GCBC), since 1999. The bank serves consumers, small-to-mid businesses, municipalities, fire and EMS districts, nonprofits, and wealth management clients across New York's Hudson Valley and Capital Region through 20+ branches spanning Greene, Columbia, Albany, Ulster, and Saratoga counties, an iOS/Android mobile app, an online banking platform, and a dedicated customer service center. FDIC-insured deposits, Visa debit cards with Apple/Google/Samsung Pay support, and Visa Purchase Alerts round out the consumer-facing product set.

The bank's portfolio is organized into four business units supported by dedicated service and tech teams. Personal Banking offers a tiered checking suite (Free e-Checking with 5.00% APY on the first $500, Totally Free Checking, BankOn Checking, Nifty-Fifty, Premiere, Ultimate), savings and CD products, residential mortgages (15-year fixed from 5.875% APR), home equity lines, and consumer and auto loans. Business Banking delivers commercial lines of credit, commercial mortgages, term loans, business deposit accounts, and full corporate cash management (Positive Pay, ACH, wire, remote deposit capture, merchant services through Global Payments). Municipal Banking, run through the wholly owned Greene County Commercial Bank subsidiary formed in 2004, serves 160+ municipalities across four states with tax anticipation notes, bond anticipation notes, revenue anticipation notes, serial bonds, and specialized Fire & EMS equipment financing. Wealth Management is delivered through Greene Investment Services (brokerage, retirement, and insurance products via Osaic Institutions, FINRA/SIPC member) and Greene Private Bank. Technology is being upgraded through a 2025 migration to Candescent's Intelligent Banking platform, which integrates with 150+ fintech partners.

The revenue model is anchored by net interest income from the spread on loans (residential mortgages, commercial loans, consumer loans) and securities, augmented by non-interest income from deposit service fees, loan origination fees, merchant services revenue sharing with Global Payments, and wealth management commissions through Osaic. Pricing is relationship-tiered: a 5.00% APY promotional product ladder on low balances serves as a digital deposit-acquisition funnel, while most consumer checking accounts carry no monthly fees; relationship-rate discounts on mortgages, HELOCs, and CDs require an active checking account and auto-debit. Quarterly cash dividends to GCBC shareholders confirm a shareholder-return discipline alongside reinvestment in branches, products, and technology.

Name

Bank of Greene County

Legal name

The Bank of Greene County

Website

https://thebankofgreenecounty.com

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

101–250 employees

Short description

Bank of Greene County, founded 1889 and publicly traded as Greene County Bancorp (NASDAQ: GCBC), is a community bank serving consumers, businesses, municipalities, and wealth management clients across New York's Hudson Valley and Capital Region through 20+ branches and digital banking channels.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (522180)

SIC

State Commercial Banks (6022), Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Municipal/Local Government Development Banks (FSABAKAI), Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Community banking services
• Commercial lending
• Municipal banking
• Retail deposits
• Wealth management

Headquarters

HQ city

Catskill

HQ country

United States

HQ region

North America

Offices25 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Primary revenue from interest earned on loans (residential mortgages, commercial loans, consumer loans) and securities investments
2. Non-Interest Income: Fees from deposit account services, loan origination fees, wealth management services, and merchant services
3. Dividend Payments: Quarterly cash dividends to shareholders of Greene County Bancorp, Inc. (NASDAQ: GCBC)

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Bank of Greene County is a community bank offering deposit accounts (checking, savings, CDs, IRAs), consumer and commercial loans (mortgages, home equity, auto, personal, business), and wealth management services across personal, business, municipal, and investment client segments. It operates 20+ branches throughout New York's Hudson Valley and Capital Region, supplemented by mobile and online banking channels, plus merchant services, corporate cash management, and municipal financing through its wholly-owned subsidiary Greene County Commercial Bank.

Product overview

Bank of Greene County is a community bank offering a comprehensive suite of banking products organized into four core divisions: Personal Banking (checking, savings, loans), Business Banking (commercial lending, business accounts, corporate cash management, nonprofit banking), Municipal Banking (specialized services for municipalities via Greene County Commercial Bank subsidiary), and Wealth Management (Greene Investment Services and Greene Private Bank). The bank operates on a platform-plus-modules architecture with traditional branch banking supplemented by digital services including mobile banking, online banking, and specialized programs like Greene Rewards. The bank serves the Hudson Valley and Capital Region of New York with 21+ branch locations, offering FDIC-insured deposits, Visa debit cards with mobile wallet support, and community-focused lending including mortgages, commercial loans, and municipal financing. Recent expansions include the Clifton Park branch opening in Saratoga County (October 2025) and new digital products like e-Solution accounts (5.00% APY) and e-Lightning Checking.

Differentiator

Problem solved

Functional benefit

Brands

• Greene County Commercial Bank: Subsidiary focused on municipal banking services for local governments, school districts, fire districts and publicly funded entities. Works with more than 160 municipalities across the northeast.
• Greene Investment Services
• Greene Private Bank
• Greene Rewards

Products and services

• Personal Banking Services Comprehensive personal banking suite for individual consumers including checking accounts (Free e-Checking, Totally Free Checking, BankOn Checking, Nifty-Fifty, Premiere Checking, Ultimate Checking), savings accounts (e-Savings, Passbook, More Yield, Student, Money Market, Holiday Club, CDs), and home, auto, and personal loans.
• Checking Accounts Interest-bearing and non-interest-bearing checking account options for individuals, including Free e-Checking with 5.00% APY on balances $1–$500, Totally Free Checking, certified BankOn Checking with no fees of any kind, Nifty-Fifty, Premiere Checking, and Ultimate Checking.
• Savings Accounts Deposit products for individuals including e-Savings (5.00% APY on balances $1–$500), Passbook and Statement Savings, More Yield Savings, Student Savings, e-Next Generation Savings, Certificates of Deposit, Money Market accounts, Risk Free IRA Savings, and Holiday Club accounts.
• Home, Auto and Personal Loans Residential mortgages for primary, secondary, and investment properties (15-year fixed from 5.875% APR, 30-year fixed available), home equity loans and lines of credit, new and used auto loans, and personal loans. Includes pre-approvals and First-Time Home Buyer Program.
• Business Banking Services Full-service banking for small to large businesses, including commercial lending, business accounts, corporate cash management, and dedicated nonprofit banking support.
• Commercial Lending Commercial lending products for businesses including revolving commercial lines of credit for operating needs, commercial mortgages up to 25-year amortization for purchase or improvement, and commercial term loans of 2–10 years for equipment financing. Loans are serviced in-house.
• Business Accounts Business checking and savings options including Free e-Business Checking (5.00% APY on $1–$500), Free Small Business Checking, Nonprofit Checking, e-Business Savings, Business Money Market, More Yield Savings, and Certificates of Deposit.
• Corporate Cash Management Specialized deposit and cash management solutions for larger businesses including online banking with role selections, Positive Pay, payroll services, remote deposit capture, wire transfers, ACH services, merchant services via Global Payments, escrow management, and lock box services.
• Nonprofit Banking Dedicated banking services for nonprofit organizations such as libraries, museums, volunteer groups, and first responders, including nonprofit checking accounts and capital improvement loans with dedicated relationship managers.
• Municipal Banking Specialized municipal banking services delivered through the wholly-owned subsidiary Greene County Commercial Bank, serving more than 160 cities, towns, villages, counties, library districts, school districts, and fire districts across the northeast US.
• First Responder Financing Specialized financing for fire districts and EMS organizations across New York, Massachusetts, Pennsylvania, and Vermont, including fire truck financing, equipment loans, and fire station construction loans.
• Municipal Accounts and Services Government financing including Bond Anticipation Notes, Revenue Anticipation Notes, Tax Anticipation Notes, and Serial and Statutory Installment Bonds, plus checking accounts, money market accounts, CDs, full collateralization, ACH services, remote deposit capture, wire transfers, night deposits, and tax collection programs.
• Wealth Management Comprehensive wealth management services ranging from investment and financial planning to concierge-level private banking for high-net-worth clients.
• Greene Investment Services Investment and insurance products offered through Osaic Institutions, Inc. (Member FINRA/SIPC) including retirement services (401K, 403B, IRAs, SEP IRAs, Simple IRAs), family wealth management (529 College Savings, Life Insurance, Long Term Care Insurance), employer services, and individual investing (brokerage, tax-deferred annuities, mutual funds, stocks, bonds, ETFs).
• Greene Private Bank Enhanced concierge-level personal banking for clients with more complex financial needs, offering elevated, around-the-clock service through dedicated private banking officers located at the Wealth Management Center in Catskill, NY.
• Mobile Banking App Free mobile banking application available on iOS and Android, providing 24/7 account access, mobile check deposits, ATM and branch location finder, fund transfers, and text banking.
• Online Banking Free online banking and bill pay platform accessible 24/7 from any computer or mobile device, with account information, fund transfers, bill payment, and text banking features.
• Greene Rewards Loyalty Program Visa Debit Card rewards program where customers earn 1 point per $1 spent on signature-based transactions, redeemable for shopping, dining, travel, and more. Administered through the DreamPoints platform. Additional Greene Loyalty Points awarded to customers holding three or more qualifying Bank of Greene County products.
• Merchant Services Business payment acceptance services powered by a partnership with Global Payments, enabling business customers to accept credit and debit card payments from their own customers.
• e-Solution High-Yield Accounts e-Checking and e-Savings accounts offering 5.00% APY on balances from $1 to $500 for both personal and business customers, with no minimum balance required and electronic statements only.
• e-Lightning Checking Digital checking account designed for fully online account opening, offering a $300 Greene Rewards bonus and 5.00% APY on the first $500.

Quantifiable outcome

• Record high assets, loans, and deposits as of Q1 FY2025
• +1 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• CandescentcoreTechnology or Integration · 1 January 2025Bank of Greene County was a new client win for Candescent's Intelligent Banking platform, migrating to their next-generation digital banking platform with 150+ integrated fintech partners and $120M+ annual R&D investment.
• Global PaymentscoreTechnology or IntegrationMerchant services partnership allowing business customers to accept credit and debit card payments through Global Payments processing platform.
• Osaic Institutions, Inc.coreTechnology or IntegrationInvestment and insurance products and services offered through Osaic Institutions, Inc., Member FINRA/SIPC. Greene Investment Services operates as a trade name of the Bank of Greene County under this partnership.

Scale indicators9 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Berkshire Hills Bancorp: Berkshire Hills Bancorp (Berkshire Bank) is a Northeast regional community bank serving consumers, businesses, and municipalities across MA, CT, NY, VT, NJ, and PA with a comparable mix of retail, commercial, and wealth management services.
• NBT Bancorp: NBT Bancorp is a mid-sized NY-based bank holding company operating across upstate New York, Pennsylvania, Vermont, and Massachusetts — overlapping Capital Region and Hudson Valley geographies with similar consumer and commercial banking products.
• Tompkins Community Bank (Tompkins Financial): Tompkins Financial is a multi-bank community bank holding company serving upstate NY and surrounding regions with consumer, business, and wealth management services — a larger incumbent competing for the same Hudson Valley and Capital Region customers.
• Community Bank System: Community Bank System is a larger publicly traded upstate NY community bank holding company operating across much of New York and neighboring states, competing with Bank of Greene County across retail, commercial, and municipal segments but at meaningfully greater scale.

Direct peers

• Evans Bancorp: Evans Bancorp is a small publicly traded Western NY community bank holding company with similar community banking, small business, and wealth management offerings to Bank of Greene County, albeit in a different sub-region of New York.
• Arrow Financial Corporation: Arrow Financial is the holding company for Saratoga National Bank and Glens Falls National Bank, serving the Capital Region and upstate NY with comparable community banking, commercial lending, and wealth management products.
• Catskill Hudson Bank: Catskill Hudson Bank is a closely named community bank operating in Greene and Ulster counties of New York, directly overlapping Bank of Greene County's Hudson Valley footprint and serving similar consumer, small-business, and municipal clients.
• Financial Institutions Inc. Financial Institutions Inc. is a community bank holding company in Western NY with consumer, business, and municipal banking services, broadly comparable in scale, product set, and rural/upstate orientation to Bank of Greene County.
• TrustCo Bank Corp NY: TrustCo Bank Corp is a publicly traded upstate NY community bank focused on deposit gathering and residential lending with low-cost retail branches, closely aligned with Bank of Greene County's traditional community banking model.
• Rhinebeck Bancorp: Rhinebeck Bancorp is a small publicly traded community bank holding company based in Rhinebeck, NY, with branches throughout the Hudson Valley — directly comparable in size, geography, and customer mix to Bank of Greene County.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BankOfGreeneCounty
• LinkedInlinkedin.com/company/the-bank-of-greene-county
• Instagraminstagram.com/tbogc

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bank of Greene County