Gouverneur Bancorp, Inc./MD/ appointed Robert W. Barlow as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 27, 2024, Gouverneur Bancorp, Inc. (the "Company"), the holding company for Gouverneur Savings and Loan Association (the "Bank"), announced that the Board of Directors of the Company and the Bank has appointed Robert W. Barlow as the President and Chief Executive Officer of the Company and the Bank effective immediately. Charles C. Van Vleet, Jr. will continue to serve as the President and Chief Executive Officer of GS&L Municipal Bank, the wholly owned subsidiary of the Bank, and will assist with Mr. Barlow's transition to the role of President and Chief Executive Officer.


Mr. Barlow, age 35, has served as Vice President of Commercial and Residential Lending for Northern Credit Union, located in Watertown, New York, since September 2019. Prior to that time, Mr. Barlow was the Member Business Lending Officer and Team Lead for SeaComm Federal Credit Union, located in Massena, New York, from July 2016 to September 2019. Mr. Barlow also served as Vice President and Branch Manager for First Niagara Bank, N.A. from August 2009 to July 2016.


There are no family relationships between Mr. Barlow and any director or executive officer of the Company, and there are no arrangements or understandings with any person pursuant to which Mr. Barlow has been selected to serve as President and Chief Executive Officer of the Company and the Bank. There have been no transactions directly or indirectly involving Mr. Barlow that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.


No material plan, contract or arrangement has been entered into, or materially amended, in connection with Mr. Barlow's appointment as President and Chief Executive Officer and no grant or award has been made to Mr. Barlow under any such plan, contract or arrangement in connection with his appointment as President and Chief Executive Officer.


A copy of the Company's press release announcing Mr. Barlow's appointment as President and Chief Executive Officer is included as Exhibit 99.1 hereto and is incorporated herein by reference.