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Gouverneur Bancorp, Inc. Announces Receipt Of Regulatory Approvals For Acquisition Of Citizens Bank Of Cape Vincent And Expected Correction Of Fiscal 2021 Financial Statements To Increase Net Income

Gouverneur Bancorp, Inc. Announces Receipt Of Regulatory Approvals For Acquisition Of Citizens Bank Of Cape Vincent And Expected Correction Of Fiscal 2021 Financial Statements To Increase Net Income

09/06/22, 9:04 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svggouverneur
Industry
lending
finance
financial services
Cambray Mutual Holding Company, Gouverneur Bancorp, Inc. (the “Company”) and Gouverneur Savings and Loan Association (collectively, “Gouverneur”) today announced that Gouverneur and Citizens Bank of Cape Vincent (“CBCV”) have received the requisite regulatory approvals necessary to complete Gouverneur’s acquisition of CBCV and merger of CBCV with and into Gouverneur Savings and Loan Association. The transaction is expected to close on September 16, 2022 and is subject to customary closing conditions.

Company Info

Company
Gouverneur Bancorp
Location
42 church street
Gouverneur, New York, United States
Company info
Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which is a New York chartered savings and loan association founded in 1892 that offers deposit and loan services for businesses, families and individuals. At December 31, 2023, the Company had total assets of $204.9 million, total deposits of $160.3 million and total stockholders’ equity of $32.1 million.

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