Gouverneur Bancorp, Inc. Approves Second Stock Repurchase Program

Core Viewpoint - Gouverneur Bancorp, Inc. has announced a new stock repurchase program authorizing the repurchase of up to 52,778 shares, representing 5% of its outstanding common stock, to be executed based on market conditions [1] Group 1: Stock Repurchase Programs - The new stock repurchase program will terminate upon the completion of the purchase of 52,778 shares or on July 24, 2026, if not all shares have been purchased by that date [1] - The previous stock repurchase program, announced on December 11, 2024, authorized the purchase of up to 55,356 shares, of which 51,569 shares were repurchased at a total cost of $634,000, averaging $12.29 per share [2] - As of July 23, 2025, there are 3,787 shares remaining to be repurchased under the existing program [2] Group 2: Company Overview - Gouverneur Bancorp, Inc. is the holding company for Gouverneur Savings and Loan Association, which was founded in 1892 and provides deposit and loan services [3] - As of June 30, 2025, the company reported total assets of $196.7 million, total deposits of $159.4 million, and total stockholders' equity of $31.4 million [3]