Gouverneur Bancorp, Inc./MD/ (OTC: GOVB)

Gouverneur Bancorp, Inc./MD/ is a Maryland corporation that operates as a savings and loan holding company, regulated by the Board of Governors of the Federal Reserve System. The company's primary business activities revolve around community banking services, with a focus on originating and servicing various types of loans and offering a range of deposit products. Gouverneur Bancorp, Inc./MD/ operates through its subsidiary, Gouverneur Savings and Loan Association, a New York-chartered stock savings and loan association headquartered in Gouverneur, New York. The company conducts business through its four full-service branch offices and one loan production office located in Jefferson and St. Lawrence Counties in New York.

The company generates revenue primarily from interest on loans, including one- to four-family residential real estate mortgage loans, commercial real estate loans, construction loans, home equity loans and lines of credit, commercial loans, and consumer loans. Additionally, revenue is derived from interest on investment securities and mortgage-backed securities, as well as other income sources such as deposit fees, service charges, realized gains on sales of securities, and realized gains on sales of loans associated with loan production. The customer base primarily consists of individuals, families, and businesses within the company's market area, which includes Jefferson, Lewis, and St. Lawrence Counties in New York.

• Gouverneur Savings and Loan Association: This segment is the primary operating subsidiary of Gouverneur Bancorp, Inc./MD/. It offers community banking services, including a variety of loan products such as one- to four-family residential mortgage loans, commercial real estate loans, construction loans, home equity loans and lines of credit, commercial loans, and consumer loans. The segment also provides a range of deposit products, including checking accounts, money market accounts, regular savings accounts, club savings accounts, certificate accounts, and various retirement accounts. The market served includes residents and businesses in Jefferson and St. Lawrence Counties in New York.

• GS&L Municipal Bank: This is a limited-purpose wholly owned subsidiary of Gouverneur Savings and Loan Association, formed in September 2022 as a New York-chartered limited purpose commercial bank. GS&L Municipal Bank has the power to receive deposits only from the State of New York and its respective agents, authorities, and instrumentalities, and local governments as defined in Section 10(a)(1) of the New York General Municipal Law. The purpose of this subsidiary is to attract deposits from local municipalities, and as of September 30, 2025, it had $20.0 million in deposits.

Gouverneur Bancorp, Inc./MD/ operates in a competitive industry characterized by the presence of other financial institutions offering similar services. Key competitors include other community banks, credit unions, and larger regional banks operating in the same geographic area. The company's competitive advantages lie in its deep understanding of the local market, personalized customer service, and a strong focus on community banking. The company's ability to provide a wide range of financial products and services tailored to the needs of its customers helps it maintain a competitive edge. Additionally, the company's regulatory compliance and strong capital position contribute to its stability and reliability in the market.

The customer base for Gouverneur Bancorp, Inc./MD/ primarily consists of residents and businesses within Jefferson, Lewis, and St. Lawrence Counties in New York. The company serves a diverse range of customers, including individuals, families, and businesses, providing them with various financial products and services tailored to their needs. The company's focus on community banking and personalized service helps it maintain strong relationships with its customers and contribute to the economic development of the local community.