Gouverneur Bancorp, Inc. Announces the Retirement of Vice President and Chief Financial Officer

Jan 08, 2010, 12:26 ET from Gouverneur Bancorp, Inc.

GOUVERNEUR, N.Y., Jan. 8 /PRNewswire-FirstCall/ -- Gouverneur Bancorp, Inc. (OTC Bulletin Board: GOVB) (the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the "Bank"), today announced the retirement of Vice President and Chief Financial Officer, Robert J. Twyman, effective January 8, 2010. Mr. Twyman, who formally announced his retirement at the Company's Board of Directors meeting in December 2008, will continue to serve the company in an advisory capacity. Mr. Twyman joined Gouverneur Bancorp as Chief Financial Officer in 1999 and was named a Vice President in 2001. Prior to joining the Company, he was Vice President and Comptroller with the First National Bank of Northern New York.

In making the announcement, Richard F. Bennett, President and Chief Executive Officer stated, "Over the past ten years Mr. Twyman, with his accounting knowledge and experience in banking and financial services, has played an important role in the strategic planning and direction of both the Company and the Bank. We have been planning his retirement for many months, realigning responsibilities and adding staff to accommodate the transition. Mr. Twyman has played an integral part in the Company's financial growth and success over the past decade. On behalf of the Board of Directors, shareholders and employees, we wish him and his wife Debby the very best in retirement."

Mr. Bennett continued, "Ms. Kimberly Adams, Accounting Manager, will assume the primary responsibilities vacated by Mr. Twyman, including that of Chairperson of the Bank's Asset Liability Committee." Prior to joining Gouverneur Savings & Loan, Ms. Adams worked as Senior Accountant and later as Compliance Officer of Claxton-Hepburn Medical Center in Ogdensburg, New York. She holds a Bachelor of Science degree in Accounting and a Masters of Business Administration degree in Health Services Management.

About the Company

The Company, which is headquartered in Gouverneur, New York, is the holding company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank is a federally chartered savings and loan association offering a variety of banking products and services to individuals and businesses in its primary market area in southern St. Lawrence and northern Lewis and Jefferson Counties in New York State.

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and expectations of management as well as the assumptions made using information currently available to management. They often include words like "believe," "expect," "anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Since these statements reflect the views of management concerning future events, these statements involve risks, uncertainties and assumptions. Therefore, actual future results may differ significantly from results discussed in the forward-looking statements.

SOURCE Gouverneur Bancorp, Inc.