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GOVB on OTC

Gouverneur Bancorp, Inc./MD/

Gouverneur Bancorp, Inc./MD/ is an American savings institutions company, incorporated in Maryland.1 Its shares trade on OTC under the symbol GOVB.1

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Last updated Oct 21, 2026.

Overview

$733.0KNet income, fiscal 20252

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  • TickerGOVB on OTC1
  • IndustrySavings Institutions, Not Federally Chartered1
  • HeadquartersGouverneur, New York1
  • Incorporated inMD3
  • Business address42 Church Street, Gouverneur, Ny 136423
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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Gouverneur Bancorp, Inc. Gouverneur Bancorp, Inc. (the “Company”) is a Maryland corporation that was incorporated in June 2023 to be the successor to Gouverneur Bancorp, Inc., a federally chartered corporation (the “Mid-Tier Holding Company”), upon completion of the second-step conversion of Gouverneur Savings and Loan Association (the “Bank”) from the two-tier mutual holding company structure to the stock holding company structure. Cambray Mutual Holding Company was the former mutual holding company for the Mid-Tier Holding Company prior to the completion of the second-step conversion. In conjunction with the second-step conversion, each of Cambray Mutual Holding Company and the Mid-Tier Holding Company merged out of existence and now cease to exist. The second-step conversion was completed on October 31, 2023, at which time the Company sold, for gross proceeds of $7.2 million, a total …5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

2.3%Return on equity2
$653.0KFree cash flow2

Financial statements

Net income672$733.0K in 2025−52% since 2022
0$500.0K$1.0M$1.5M$2.0M2022: $1.5M$1.5M20222023: $317.0K$317.0K2023−79%2024: $539.0K$539.0K2024+70%2025: $733.0K$733.0K2025+36%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-09-302024-09-30
Loans, net$6.9M$6.5M
Securities-taxable$1.2M$1.3M
Securities-non-taxable$515.0K$575.0K
Other short-term investments$116.0K$108.0K
Total interest income$8.7M$8.6M
Deposits$1.5M$1.2M
Net swap income on deposit hedge-$10.0K-$10.0K
Borrowings - short term and long term$11.0K$317.0K
Net swap income on borrowing hedge-$132.0K
Total interest expense$1.5M$1.4M
Net interest income$7.1M$7.1M
Provision for credit losses - Loans$61.0K$74.0K
Provision for credit losses - Unfunded commitments-$2.0K-$4.0K
Net interest income after provision for credit losses$7.1M$7.1M
Service charges$322.0K$327.0K
ATM card fees$274.0K$282.0K
Realized gain on sales of securities - AFS$16.0K$13.0K
Realized gain on sales of equity securities$70.0K
Realized gain on swaps unwound$75.0K
Loss on disposal of premises and equipment, net-$14.0K
Earnings on investment in life insurance$170.0K$154.0K
Earnings on deferred fees plan$66.0K$78.0K
Unrealized loss on swap agreements-$9.0K-$240.0K
Earnings on secondary market programs$45.0K$45.0K
Other non-interest income$101.0K$52.0K
Total non-interest income, net$1.1M$772.0K
Salaries and employee benefits$3.4M$3.6M
Directors fees$351.0K$364.0K
Earnings on deferred fees plan$66.0K$78.0K
Building, occupancy and equipment$935.0K$955.0K
Data processing$407.0K$465.0K
Postage and supplies$113.0K$119.0K
Professional fees$665.0K$671.0K
Intangibles amortization$370.0K$416.0K
Foreclosed assets, net$24.0K-$7.0K
Other non-interest expense$976.0K$749.0K
Total non-interest expenses, net$7.4M$7.4M
Income before income tax expense (benefit)$793.0K$476.0K
Income tax expense (benefit)$60.0K-$63.0K
Net income$733.0K$539.0K
Earnings per common share - basic (in dollars per share)$0.72$0.51
Earnings per common share - diluted (in dollars per share)$0.72$0.51

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Corporate structure

Gouverneur Bancorp, Inc./MD/ sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Gouverneur Bancorp, Inc./MD/

  • J. David Rosenberg Filed SCHEDULE 13D on Gouverneur Bancorp, Inc./MD/, latest Aug 28, 2026
  • Minerva Advisors LLC Filed SCHEDULE 13G/A on Gouverneur Bancorp, Inc./MD/, latest Feb 13, 2026 (2 filings since Jan 9, 2024)
  • Oppenheimer & Close, LLC Filed SCHEDULE 13G on Gouverneur Bancorp, Inc./MD/, latest Feb 10, 2026
  • A. M. Propp Filed SCHEDULE 13G/A on Gouverneur Bancorp, Inc./MD/, latest Apr 24, 2025
  • Exploration Capital, LLC Filed SCHEDULE 13G/A on Gouverneur Bancorp, Inc./MD/, latest Apr 4, 2025 (3 filings since Jan 2, 2024)
  • Gouverneur Savings & Loan Association Employee Stock Ownership Plan Filed SC 13G on Gouverneur Bancorp, Inc./MD/, latest Feb 8, 2024
  • OPPENHEIMER SPENCE FINANCIAL SERVICES PARTNERSHIP LP Filed SC 13G on Gouverneur Bancorp, Inc./MD/, latest Jan 24, 2024
  • Gouverneur Bancorp, Inc./MD/ Gouverneur, New York
    • Gouverneur Savings and Loan Association Subsidiary · New York, United States
    • GS&L Municipal Bank Subsidiary · New York, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Gouverneur Bancorp, Inc./MD/ reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.6M2 Sep 30, 2025$5.4M2 Sep 30, 2024+3.3%
Accumulated depreciation$2.7M2 Sep 30, 2025$2.5M2 Sep 30, 2024+8.0%
Property and equipment, net$2.9M2 Sep 30, 2025$2.9M2 Sep 30, 2024−0.7%
Operating-lease assets (leased space)$37.0K2 Sep 30, 2025$44.0K2 Sep 30, 2024−15.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$4.7M2 Sep 30, 2025$6.4M2 Sep 30, 2024−26.9%
Loans, net of allowance$131.5M2 Sep 30, 2025$124.3M2 Sep 30, 2024+5.8%
Deposits held (banks)$154.8M2 Sep 30, 2025$159.9M2 Sep 30, 2024−3.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.2M2 Sep 30, 2025$4.2M2 Sep 30, 20240%
Finite-lived intangibles, gross$2.5M2 Sep 30, 2025$2.5M2 Sep 30, 20240%
Accumulated amortization$1.2M2 Sep 30, 2025$878.0K2 Sep 30, 2024+42.1%
Finite-lived intangibles, net$1.3M2 Sep 30, 2025$1.7M2 Sep 30, 2024−22.2%

Properties, in its own words

We conduct business through our four full-service branch offices and one loan production office located in Jefferson and St. Lawrence Counties in New York. At September 30, 2025, we owned our four full-service branch office locations and leased our loan production office. We also lease space at a former branch location that was closed in April 2025, where we continue to operate an ATM. At September 30, 2025, the total net book value of our land, buildings, furniture, fixtures and equipment was $2.9 million.

Item 2 of the 10-K filed Dec 19, 2025.5

Leadership

Who has led Gouverneur Bancorp, Inc./MD/, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Vleet Charles G. Van Jr.2023
  2. Robert Warren Barlow2024
  3. Stephen Michael Jefferies2025–now

President

  1. Vleet Charles G. Van Jr.2023
  2. Robert Warren Barlow2024
  3. Stephen Michael Jefferies2025–now

Chief financial officer

  1. Kimberly Ann Adams2023
  2. James Donald Campanaro2024–now

Chief operating officer

  1. Victor Alan James2023
  2. Sadie May Hall2025–now
2025
Board members and other officers (11)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • GS&L Municipal Bank New York4
  • Gouverneur Savings and Loan Association New York4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jul 30, 20268-K Results of operations; Other events27
  2. Apr 23, 20268-K Results of operations28
  3. Feb 11, 20268-K Shareholder vote29
  4. Jan 28, 20268-K Results of operations30
  5. Oct 31, 20258-K Results of operations; Executive or director change31
  6. Sep 11, 2025New chief executive Stephen Michael Jefferies becomes CEO11
  7. Aug 21, 20258-K Executive or director change32
  8. Aug 12, 20258-K Executive or director change33
  9. Jul 25, 20258-K Other events34
  10. Jul 22, 20258-K Results of operations35
  11. May 16, 20258-K Executive or director change36
  12. Apr 24, 20258-K Results of operations37
  13. Feb 12, 20258-K Executive or director change; Shareholder vote38
  14. Apr 8, 2024New chief executive Robert Warren Barlow becomes CEO12
  15. Oct 30, 2023New chief executive Vleet Charles G. Van Jr. becomes CEO13

Calendar

Coming up

  1. Around Nov 5, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results27
  2. Apr 23, 2026Reported quarterly or annual results28
  3. Jan 28, 2026Reported quarterly or annual results30
  4. Oct 31, 2025Reported quarterly or annual results31
  5. Jul 22, 2025Reported quarterly or annual results35
  6. Apr 24, 2025Reported quarterly or annual results37
  7. Jan 28, 2025Reported quarterly or annual results39
  8. Nov 20, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

131 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 33 major events, 51 insider forms, 10 large holders, 24 other. The latest 20:

  1. Aug 28, 2026SCHEDULE 13D EDGAR
  2. Aug 13, 202610-Q EDGAR
  3. Aug 10, 20264 EDGAR
  4. Jul 30, 20268-K EDGAR
  5. May 19, 20264 EDGAR
  6. May 12, 202610-Q EDGAR
  7. May 4, 20264 EDGAR
  8. Apr 27, 20264 EDGAR
  9. Apr 23, 20268-K EDGAR
  10. Mar 10, 20264 EDGAR
  11. Mar 3, 20264 EDGAR
  12. Mar 3, 20264 EDGAR
  13. Feb 24, 20264 EDGAR
  14. Feb 18, 20264 EDGAR
  15. Feb 13, 2026SCHEDULE 13G/A EDGAR
  16. Feb 12, 202610-Q EDGAR
  17. Feb 11, 20264 EDGAR
  18. Feb 11, 20268-K EDGAR
  19. Feb 10, 2026SCHEDULE 13G EDGAR
  20. Jan 28, 20268-K EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 17 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 15, 2026Pelkey Duane MiltonDirectorBuy100$18.94$1.9KForm 4
May 1, 2026Pelkey Duane MiltonDirectorBuy750$19.00$14.2KForm 4
Feb 11, 2026Pelkey Duane MiltonDirectorBuy1,000$17.35$17.4KForm 4
Nov 4, 2025Pelkey Duane MiltonDirectorBuy1,000$14.96$15.0KForm 4
Sep 12, 2025Campanaro James DonaldChief Financial OfficerBuy200$14.90$3.0KForm 4
Sep 3, 2025Campanaro James DonaldChief Financial OfficerBuy200$15.06$3.0KForm 4
Aug 27, 2025Pelkey Duane MiltonDirectorBuy900$15.19$13.7KForm 4
Oct 31, 2023Soper Chad BrianDirectorBuy2,000$10.00$20.0KForm 4
Oct 31, 2023Robbins Taylor JamesExecutive Vice PresidentBuy750$10.00$7.5KForm 4
Oct 31, 2023Rapholz Amy MarieDirectorBuy200$10.00$2.0KForm 4
Oct 31, 2023MONROE TIMOTHY JDirectorBuy3,000$10.00$30.0KForm 4
Oct 31, 2023McClure David ClarenDirectorBuy3,000$10.00$30.0KForm 4
Oct 31, 2023Mason John NeilDirectorBuy3,000$10.00$30.0KForm 4
Oct 31, 2023Leader Henry JDirectorBuy2,000$10.00$20.0KForm 4
Oct 31, 2023Hall Sadie MayVP, COO & Compliance OfficerBuy100$10.00$1.0KForm 4
Oct 31, 2023Cummings Clara PistolesiDirectorBuy3,000$10.00$30.0KForm 4
Oct 31, 2023Adams Kimberly AnnVP and CFOBuy400$10.00$4.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Robert W. Barlow$165.2K$226.8K48
2025Charles C. Van VleetJr.$134.8K$206.3K48
2025James D. Campanaro$114.4K$128.7K48
2025Sadie M. Hall$92.2K$103.7K48
2025Stephen M. Jefferies$16.7K$26.7K48
2024Former InterimPresident and Chief Executive Officer$206.3K$225.1K48
2024Former President and Chief Executive Officer$122.5K48

SEC filer profile

How Gouverneur Bancorp, Inc./MD/ is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGouverneur Bancorp, Inc./MD/1
  • CIK0001978811
  • Employer ID (EIN)37-21029255
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inMaryland5
  • Fiscal year endsSeptember 301
  • Industry code (SIC)6036 Savings Institutions, Not Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address42 Church Street, Gouverneur, NY 136421
  • Phone315-287-26001
  • Shares outstanding1,058,922 as of Aug 11, 202610
  • Public float$12.7M as of Mar 31, 20255
  • AuditorBonadio & Co., LLP, Pittsford, New York PCAOB ID 1884; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJun 9, 20231
  • Filings131 in all: 4 (34), 8-K (33), 3 (17), 10-Q (10), CORRESP (4), 10-K (3), 424B3 (3), ARS (3)1
    All 22 form types

    DEF 14A (3), SC 13G (3), SCHEDULE 13G/A (3), EFFECT (2), S-1/A (2), SCHEDULE 13G (2), UPLOAD (2), 8-A12G (1), DEFA14A (1), POS AM (1), S-1 (1), S-8 (1), SC 13G/A (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Dec 19, 2025
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Jan 7, 2026
    Latest 8-K (8-K) Jul 30, 2026

Risk factors and legal proceedings

The risks Gouverneur Bancorp, Inc./MD/ names in Item 1A of its 10-K filed Dec 19, 2025: 25 risks under these headings, as written.5

  • Risks Related to Market Interest Rates
  • Changes in interest rates could reduce our profits and asset values.
  • Risks Related to Changes in our Executive Management Team
  • Our business and operations could be negatively affected by our transition to new executive management.
  • Risks Related to Future Acquisitions
  • We are subject to certain risks in connection with our 2022 acquisition of Citizens Bank of Cape Vincent.
  • Risks Related to Recent Banking Industry Events
  • Financial challenges at other banking institutions could lead to disruptive and destabilizing deposit outflows, as well as an increase in Federal Deposit Insurance Corporation deposit premiums, which could negatively impact our profitability and results of operations.
  • Risks Related to Liquidity and Dividend Matters
  • Insufficient liquidity could impair our ability to fund operations, pay dividends on outstanding shares of our stock, and jeopardize our financial condition, growth and prospects.
  • Our ability to pay dividends is subject to the ability of the Bank to make capital distributions to the Company.
  • Risks Related to Our Lending and Deposit Activities
The other 19 risks
  • Our emphasis on residential mortgage loans exposes us to lending risks.
  • Increases in our non-residential loan portfolio could expose us to increased lending risks and related loan losses.
  • If our allowance for credit losses is not sufficient to cover actual credit losses, our earnings could decrease.
  • We are subject to environmental liability risk associated with our lending activities or properties we own.
  • Municipal deposits are an important source of cost-effective funds for us, and a reduced level of such deposits may hurt our profits.
  • Risks Related to Economic Conditions
  • Inflation can have an adverse impact on our business and on our customers.
  • A worsening of economic conditions in our market area could reduce demand for our products and services and/or result in increases in our level of non-performing loans, which could adversely affect our operations, financial condition and earnings.
  • We have a high concentration of loans secured by real estate in our market area. Adverse economic conditions, both generally and in our market area, could adversely affect our financial condition and results of operations.
  • Risks Related to Our Funding
  • We may be required to rely more heavily on wholesale funding strategies for funding and liquidity needs if we are unable to generate core deposits, which could have an adverse effect on our net interest margin and profitability.
  • Risks Related to Competitive Matters
  • Our asset size and strong competition within our market area may limit our growth and profitability.
  • Risks Related to Operational Matters
  • We face significant operational risks because of our reliance on technology. Our information technology systems may be subject to failure, interruption or security breaches.
  • We are a community bank and our ability to maintain our reputation is critical to the success of our business. The failure to do so may materially adversely affect our performance.
  • Risks Related to Accounting Matters
  • Changes in management’s estimates and assumptions may have a material impact on our consolidated financial statements and our financial condition or operating results.
  • Changes in accounting standards could affect reported earnings.
  • Risks Related to Laws and Regulations
  • Changes in laws and regulations and the cost of regulatory compliance with new laws and regulations may adversely affect our operations and/or increase our costs of operations.
  • Non-compliance with the USA PATRIOT Act, Bank Secrecy Act, or other laws and regulations could result in fines or sanctions.
  • Monetary policies and regulations of the Federal Reserve Board could adversely affect our business, financial condition and results of operations.
  • We are an emerging growth company, and any decision on our part to comply only with certain reduced reporting and disclosure requirements applicable to emerging growth companies could make our common stock less attractive to investors.
  • We are also a smaller reporting company, and even if we no longer qualify as an emerging growth company, any decision on our part to comply only with certain reduced reporting and disclosure requirements applicable to smaller reporting companies could make our common stock less attractive to investors.

Legal proceedings

From time to time, the Company and the Bank are involved in routine legal proceedings in the ordinary course of business. At September 30, 2025, such routine legal proceedings, in the aggregate, are believed by management to be immaterial to our financial condition, results of operations and cash flows.

The opening of Item 3, Legal Proceedings.5

Sources

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