On March 19, 2026, Greene County Bancorp, MHC, the mutual holding company and majority owner of Greene County Bancorp, Inc., received nonobjection from the Federal Reserve Bank of Philadelphia to waive its right to receive dividends totaling up to $0.64 per share for the four quarters ending March 31, 2026, June 30, 2026, September 30, 2026, and December 31, 2026. This decision aligns with the MHC's previously disclosed intention to waive dividends declared and paid by the Company on its common stock during these quarters, subject to cash flow needs. The waiver of dividends is a strategic move that reflects the MHC's focus on maintaining financial stability and supporting the company's operational needs during the upcoming quarters. The decision is not expected to have a significant impact on the stock price, as it is seen as a routine administrative action rather than a response to any immediate financial distress. The MHC's commitment to waive dividends indicates a cautious approach to capital management, which may be viewed positively by investors looking for long-term stability. However, the lack of dividends could also be perceived as a signal of reduced profitability in the near term, potentially leading to mixed reactions from shareholders. Overall, this filing serves as an administrative update rather than a significant event that would alter the company's financial outlook or stock performance.

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