Greene County Bancorp Inc. is the holding company of The Bank of Greene County, a federally chartered savings bank. The Company's principal business is overseeing and directing the business of The Bank of Greene County and monitoring its cash position. The Bank of Greene County's revenues are derived principally from the interest on its residential and commercial real estate mortgages, and to a lesser extent, from interest on consumer and commercial loans and securities, as well as from servicing fees and service charges and other fees collected on its deposit accounts. The Bank of Greene County, through its affiliations, offers investment alternatives for customers, which also contributes to the Bank's revenues. The Bank of Greene County operates a limited-purpose subsidiary, Greene County Commercial Bank. The purpose of Greene County Commercial Bank is to serve local municipalities' banking needs.