Out In the Country...
New York City is the undisputed financial capital of the nation and home to some of the largest banking institutions in the world. However, New York State is a very different place. Drive for a few hours outside of the city and you will find a rural and semi-rural environment dotted with small towns. You will also find smaller banks that exist to serve these populations - some exhibiting remarkable vitality and with share prices and dividends that have outperformed a few of their larger cousins in addition to suffering much less volatility during times of crisis. One such company that I believe merits further investigation is Greene County Bancorp (NASDAQ:GCBC).
Headquartered in Catskill,...
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