Gouverneur Bancorp, Inc.

Gouverneur Bancorp, Inc. is a Maryland corporation that serves as a savings and loan holding company. The company was incorporated in June 2023 as the successor to a federally chartered corporation, following the completion of a second-step conversion on October 31, 2023. This conversion transitioned Gouverneur Savings and Loan Association (the "Bank") from a two-tier mutual holding company structure to a stock holding company structure. In this process, Cambray Mutual Holding Company and the former mid-tier holding company ceased to exist. On October 31, 2023, Gouverneur Bancorp, Inc. sold 723,068 shares of common stock at $10.00 per share, generating gross proceeds of $7.2 million, which included 57,845 shares sold to the Bank's employee stock ownership plan. Existing shares of the former mid-tier holding company common stock were converted into 0.5334 shares of Gouverneur Bancorp, Inc. common stock. The company is regulated by the Federal Reserve Board, and its common stock trades on the OTCQB Marketplace under the symbol "GOVB." Its primary operating entity, Gouverneur Savings and Loan Association, is a New York-chartered stock savings and loan association headquartered in Gouverneur, New York. The Bank has offered community banking services to individuals, families, and businesses since 1892. It operates through four full-service branch offices and one loan production office, all located within Jefferson and St. Lawrence Counties in New York.