05.31.06 | TRANSFIRST Recognizes The Bank of Greene County as its Top Agent Bank in New York State

Bank experiences record growth for the second year and continues to increase in processing volume with TRANSFIRST’s end-to-end solution

DALLAS (May 31, 2006) – Dallas-based TRANSFIRST, a leading provider of transaction processing services and payment enabling technologies, today announced that The Bank of Greene County, with assets of $294.7 million as of June 30, 2005, was its number one agent bank ranked by processing volume in the state of New York for 2005.  The bank has posted one of the largest increases in processing volume, for a bank of its asset size, of any financial institution within TRANSFIRST’s portfolio. Headquartered in Catskill, N.Y., The Bank of Greene County increased its transaction processing volume in 2005, securing its position as one of TRANSFIRST’s Top 20 and most progressive agent bank partners.

The Bank of Greene County’s merchant account program has experienced significant growth and success since the bank first began its partnership with TRANSFIRST in 1997 with six merchant accounts and has grown to more than 500 merchant accounts today.

“We continually look to TRANSFIRST to help our financial institution grow its merchant portfolio program,” said Don Gibson, senior vice president for The Bank of Greene County. “As part of our commitment to high-tech banking, TRANSFIRST provides us with customized payment processing solutions, such as TransLink™, that allow us to better compete in the marketplace and continually grow our business.”

“The Bank of Greene County is one of our most valued customers, and we are pleased to recognize their outstanding processing volume for a second year,” said Marla Knutson, president of TRANSFIRST’s Financial Institution Services. “The Bank of Greene County serves as proof that TRANSFIRST’s core business philosophy of providing high levels of customer service, innovative products and services, and customizable processing programs allow our clients to grow their business year after year and ultimately enhance their bottom line.”

Through its partnership with TRANSFIRST, The Bank of Greene County offers its merchant customers a wide range of processing capabilities such as free use of basic equipment, competitive rates with no hidden fees, a 24-hour, seven-day-a-week technical help desk, guaranteed 48-hour settlement of accounts, and instant access to TransLink Business Services, a Web-based transaction reporting system that provides detailed account information and processing for all major credit and debit cards.

TRANSFIRST currently serves more than 965 community banks in all 50 states.

About The Bank of Greene County
Based in Catskill, N.Y., The Bank of Greene County is a full-service community bank with assets of more than $294.7 million as of June 30, 2005.  With six branches, the bank offers a wide range of products and services to its customer base.  One of the most respected financial institutions in its market area, the bank has built a reputation for providing the latest in technology based products and services, coupled with knowledgeable and friendly service.  The Bank is a wholly-owned subsidiary of Greene County Bancorp, Inc. (NASDAQ-GCBC).  For more information about The Bank of Greene County, visit its Web site at www.tbogc.com.  

About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers.  Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments.  Built on a platform of personal service, customer commitment and flexible pricing,TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn.  Company wide, TRANSFIRST currently processes approximately $22 billion in annual sales volume for more than 160,000 merchants and more than 965 financial institutions. TRANSFIRST can be reached at 1-800-745-2659 or at www.TRANSFIRST.com.