On March 18, 2024, the Board of Directors of Gouverneur Bancorp, Inc. and Gouverneur Savings and Loan Association appointed James Campanaro, the current Vice President of Accounting of the Bank, as Chief Financial Officer of the Company and the Bank, effective as of May 31, 2024. As previously disclosed, Kimberly A. Adams has notified the Company that she will retire as Chief Financial Officer of the Company and the Bank effective as of May 31, 2024. Mr. Campanaro, age 30, has served as Vice President of Accounting of the Bank since December 2023.

From June 2022 to December 2023, Mr. Campanaro served as Senior Accountant for the Bank and, from January 2017 to June 2022, Mr. Campanaro served as Accountant for the Bank. There are no arrangements or understandings with any person pursuant to which Mr. Campanaro has been selected to serve as Chief Financial Officer of the Company and the Bank. There have been no transactions directly or indirectly involving Mr. Campanaro that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K of the Securities and Exchange Commission.

Mr. Campanaro?s wife is the niece of Henry J. Leader, a director of the Company and the Bank.