Gouverneur Bancorp, Inc. Announces Semi-Annual Dividend

Gouverneur, New York, UNITED STATES

GOUVERNEUR, N.Y., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Charles C. Van Vleet, President and Chief Executive Officer of Gouverneur Bancorp, Inc. (OTC Pink: GOVB) (“Bancorp” or the “Company”) and its subsidiary, Gouverneur Savings and Loan Association (the “Bank”), announced today that the Company’s board of directors has declared a semi-annual dividend payment of $0.12 per share for all stockholders of record as of the close of business on September 15th, 2020.  This dividend will be paid on September 30th, 2020.

Mr. Van Vleet commented, “I am pleased to announce Gouverneur Bancorp’s 42nd consecutive semi-annual dividend.  The Company’s continued success had enabled it to pay twenty-one years of competitive dividends, even during these unprecedented and turbulent times facing not only our nation, but the world.”

In addition, Mr. Van Vleet noted that with the effects of the ongoing pandemic on future economic conditions uncertain at this time, the Company will continue to monitor the possible impact on its financial performance and the course of future dividends.

Cambray Mutual Holding Company, the parent company of Gouverneur Bancorp and majority shareholder of Bancorp stock, continues to receive member and regulatory approval to waive its right to dividends.

Founded in 1892, the Bank is a New York State chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area of St. Lawrence, Lewis and Jefferson Counties in New York State.

For more information, contact Charles C. Van Vleet Jr., President and Chief Executive Officer at (315) 287-2600.