Greene County Bancorp, Inc. Appoints Paul Slutzky as Chairman of the Board of Directors

Rhea-AI Summary

Greene County Bancorp, Inc. has announced the appointment of Paul Slutzky as the new Chairman of the Board, succeeding Martin Smith who is retiring after serving since 1993. Slutzky, a board member since 1992, brings over 40 years of experience in business leadership and financial expertise. In his statement, he emphasized the bank's commitment to revitalizing local economies affected by the coronavirus pandemic. Donald Gibson, the CEO, expressed confidence in Slutzky's leadership while thanking Smith for his dedication. The bank remains a community-focused financial institution.

Positive

• Appointment of Paul Slutzky as Chairman expected to bring fresh leadership and business insight.
• Continued focus on revitalizing local economies amid pandemic reflects community commitment.

Negative

• Transitioning leadership may present continuity challenges during a critical economic period.

CATSKILL, N.Y., Nov. 20, 2020 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. announced today that the Board of Directors has appointed Paul Slutzky to serve as Chairman of the Board.

Mr. Slutzky will be succeeding Martin Smith, in a planned retirement transition following Mr. Smith’s announced plan to retire from the Board. Mr. Smith had served on the Board of Directors since 1993, and was named Chairman in 2005.

Mr. Slutzky joined the Bank’s Board of Directors in 1992. Mr. Slutzky is a former co-owner of Hunter Mountain Ski Area and affiliated companies. He is also retired from I. & O. A. Slutzky, Inc., a general construction company. Mr. Slutzky brings over 40 years of valuable business and leadership skills, financial acumen, and many other qualities that are beneficial to the Board.

Commenting on the leadership transition, Donald Gibson, President & CEO stated; “I wish to praise Paul’s dynamic leadership and service. I believe the Bank is well positioned for the future and we look forward to Mr. Slutzky leading the Board of Directors. In addition I would like to thank Martin Smith for his unwavering dedication and commitment to our Bank and our community. I offer my congratulations for his well earned retirement.”

Paul Slutzky said, “I am thrilled to have this opportunity, particularly during this challenging time. As one of the last locally owned and operated community banks, we embrace the common goal of reinvigorating the economies of our local communities in the face of the coronavirus pandemic and its economic impact. I am honored by the confidence the Board of Directors has shown in me.”

Greene County Bancorp, Inc. is the parent company of the Bank of Greene County, a locally owned and operated community bank headquartered in Catskill, New York.

For Further Information Contact:
Martha Keeler
VP, Marketing Director
(518)943-2600
marthak@tbogc.com

FAQ

Who is the new Chairman of Greene County Bancorp?

Paul Slutzky has been appointed as the new Chairman of Greene County Bancorp.

What is the reason for Martin Smith's retirement as Chairman?

Martin Smith retired as part of a planned transition after serving on the board since 1993.

How might Paul Slutzky's leadership impact Greene County Bancorp?

Paul Slutzky's leadership is expected to bring fresh perspectives and strengthen the bank's focus on community economic revitalization.

When did Paul Slutzky join the Board of Directors?

Paul Slutzky joined the Board of Directors of Greene County Bancorp in 1992.

What is the focus of Greene County Bancorp during the pandemic?

Greene County Bancorp aims to reinvigorate local economies affected by the coronavirus pandemic.