Greene County Bancorp, Inc. Reports Strong Quarterly Earnings and Ranking as One of the Safest Banks in our Nation

Greene County Bancorp (NASDAQ: GCBC) today reported net income for the nine months and quarter ended March 31, 2011. Net income for the nine months ended March 31, 2011 amounted to $3.9 million or $0.95 per basic share and $0.94 per diluted share as compared to $3.6 million or $0.88 per basic and diluted share for the nine months ended March 31, 2010, an increase of $289,000, or 8.0%. Net income for the quarters ended March 31, 2011 and 2010 amounted to $1.2 million or $0.30 per basic share and diluted share