Gouverneur Bancorp closes second-step conversion and stock offering; shares to trade on OTCQB under GOVB

Gouverneur Bancorp, Inc./MD/

Sold 723,068 shares at $10.00/share; 57,845 shares sold to the ESOP.
Exchange ratio of 0.5334 for existing Gouverneur Bancorp stockholders; cash paid for fractional shares.
Approximately 1,107,178 common shares outstanding post-closing before fractional adjustment.
Common stock expected to begin trading on OTCQB under ticker GOVB on November 1, 2023.
Conversion of Cambray Mutual Holding Company from mutual to stock form closed on October 31, 2023.

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