Guilford Savings Bank (GSB) is about to reach a new milestone. In 2020, we will be celebrating 145 years of service to our community. We have achieved this rare longevity because strategic changes have been made by each generation of leadership to assure the success of this vital community asset — an independent mutual bank.
With the arrival of this milestone year, the Board of Trustees of GSB has unanimously adopted a Plan of Reorganization pursuant to which the Bank will reorganize from a mutual form of organization to a stock form of organization. GSB will from that point forward be wholly-owned by GSB Bancorp, Inc., a newly-established stock holding company, which will be wholly-owned by GSB Mutual Holding Company, a newly-established mutual holding company (the “Proposed Reorganization”).
To read Tim’s letter to depositors regarding the Plan of Reorganization, please click here.
To vote by phone, please call 866-362-6716.
If you would like to speak to us directly about the reorganization process, please call or email Timothy Geelan, President & CEO at (203) 458-5456, TGeelan@gsbyourbank.com, or Kyle Eagleson, 1st EVP, Chief Financial Officer (203) 458-5443, KEagleson@gsbyourbank.com.
Thank you for taking a moment to learn more about this reorganization. Together, we will secure the longevity of your community, your values, your bank.